While working for Moran, she met his friend Norman Johnson, a hugely charming, hugely wealthy self-made man who owned a business that sold oil pipes. They were quite witty and loved to have a good time. But some things had not changed. He was a pariah, mucking around in places that didn’t want him.”‘You watch. “The myth of Saul Steinberg was much greater than the reality,” says a well-known Wall Street banker who knows Steinberg. In fact, his spending has worried Gayfryd for several years, friends now claim. In July she and Rayne moved into 740 Park Avenue with Saul. In 1965 he renamed the company the Leaseco Data Processing Equipment Corporation and took it public, raising some $750,000. accused Steinberg of violating securities laws by touting the stock of the Pulte Home Corporation to friends as he was planning to sell his shares. By that time he was a peripheral figure on Wall Street, one of the less respected members of a group of businessmen who had attached themselves in the 1980s to Michael Milken, the junk-bond impresario who served two years in prison in the early 90s for securities-law violations. “Nobody wants to say they live on the first floor.” (Remember when buildings had only one penthouse apartment?) That was Gayfryd trying to please Saul.”In September, Gayfryd went off to Venice with her friends Carolyne Roehm, the ex-wife of Henry Kravis, and Katherine Bryan, the estranged wife of telecommunications mogul Shelby Bryan.

This recently completed building consists of five apartments fabricated out of two side-by-side townhouses. The threesome made the building famous, despite the often unwielding layouts of most of the former police headquarters’ apartments.

The New Orleans papers reported on her parties—including a dinner for 50, with drinks served in the pool house, and each table for 10 set with different china, crystal, and silver.Gayfryd, certainly, had come far. “There she is—he’s very fragile and she gets him his special shoes and sets up his little gym. And what lay beneath that gilded life?The freshest-and most essential-updates from Washington, Wall Street, and Silicon Valley. by George Baker. Steinberg doled out more shares of the company to his sisters—Roni Sokoloff, whose husband, Bruce, was an officer of Reliance, and Lynda Jurist, each of whom eventually came to own 4 percent of Reliance.
By the time the auction was made public in April, it was also known that Saul Steinberg had asked his friend the art dealer Richard Feigen to handle the sale of 56 old-master paintings, valued at $60 million—the bulk of his collection.

The marriage, however, began to fall apart soon after the move to 740 Park. Saul Steinberg did, early on. Both were also voracious readers, so conversation with them was rarely dull. And Ms. Evangelista fled too; she has been renting out her apartment while living in France. Over time, Reliance came to be seen as something of a personal piggy bank for the Steinberg family. But those hopes were dashed when Leucadia backed out in mid-July.Late in the afternoon of November 14, Reliance announced it had lost $546.5 million in the third quarter. Gayfryd was also eager to marry Johnson, perhaps too eager. consultant at the time and now in the antiques business. According to court records, Saul and his brother claim the loans were related to a reorganization of family trusts and were not conventional loans, because their mother had agreed that they would be forgiven when she died. “She won them over because she was so nice.”And Gayfryd and Saul Steinberg were fun. “Gayfryd would stick notes on the back door that said things like ‘Brush your teeth or die,’” he remembers.But there was trouble beneath the gilded surface.
“Everything she has said so far is a goddamn lie,” Steinberg told This point in Steinberg’s life was perhaps his lowest. Eventually the I.R.S. In 2000, “maisonette is just a glorified word for first-floor living,” said one broker. She made one of Saul’s sons help her in the kitchen and did it herself.” Gayfryd was, by all accounts, much loved by her stepchildren.


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