FINANCE
• Whole Foods CEO John Mackey has been asked to resign following the discovery of anonymous postings he authored on investment message boards. [NYP]
• Leon Black, the secretive founder of Apollo Management, will be worth more than $3 billion when he sells part of the firm. [NYP]
• Merrill Lynch CEO Stan O’Neal promoted one of his top aids, Rosemary Berkery, to the position of vice-chairman and general counsel, making her a likely successor. [MarketBeat/WSJ]
MEDIA
• ABC Entertainment chief Steve McPherson calls NBC program chief Ben Silverman “clueless and stupid.” [Variety]
• If you want young people to read newspapers, get young people to write for newspapers. [CS Monitor]
• The Times announces plans to cut operating costs by reducing the width of the paper. [NYT]
FASHION
• Is Marc Jacobs jealous of John Galliano? [NYP]
• Uniqlo won’t advertise in fashion mags until the store’s image is edgier. [WWD]
• Topshop owes Chloé £12,000 for copying a yellow dungaree dress. [British Vogue]
LAW
• Lawyers can join the Facebook bandwagon without fear of ridicule. [LexBlog via Legal Blog Watch]
• Will the number of Supreme Court justices change with a new administration? [NYT]
• Share dirt about your firm in time for fall recruiting season. [Above the Law]
