Phil Falcone Always Gets His Money's Worth

Hedge fund mogul Phil Falcone hasn't had the easiest stretch as of late. The $500 million he plunked down for a 19 percent stake in the New York Times? The value of his shares have plummeted by nearly two-thirds over the past few months as the paper has struggled to remain solvent. And his recent efforts to dominate the charity circuit haven't worked out as well as he might have liked either. Last week, in what was either a very bold act of generosity or an effort to steal the limelight, Falcone and his wife Lisa announced plans to donate $10 million to the High Line, just days before the railway-turned-park was officially unveiled to the public. Unfortunately for Phil, his sizeable check still didn't entitle him to a front-row spot at the yesterday's official ribbon-cutting ceremony. So Phil did what he had to do to insure his pair of scissors was put to use (and his $10 million didn't go to waste). Evidence of Phil's brash power move below.

Phil Falcone Always Gets His Money's Worth

Photo: New York City Council [Flickr]
Phil Falcone - Profile [Cityfile]
Phil Falcone - Dailyfile posts [Cityfile]