Don't know what to say about this except that it must be good to be Mickey Drexler! :)J.Crew CEO Mickey Drexler Is a Water Hog
By Shira Ovide
July 7, 2011
J.Crew CEO Mickey Drexler was fingered as the top consumer of public water on the tony east end of Long Island, N.Y., according to a newspaper report.
Drexler’s $10 million property in Bridgehampton used 18.4 million gallons of water in the last year — or 115 times the average for the country, reported the East Hampton Press and the Southampton Press.
The water-hogging property apparently is not the same humble plot for which Drexler agreed to pay $114 million last year. (That 17.8-million-acre property — an agricultural preserve and working cattle ranch — also is in Suffolk County.)
The estate of Bruce Wasserstein, the former investment banker who died in 2009, also was among the top-three biggest consumer users of water in the New York county last year, according to the news report.
Of course, Drexler can easily afford his water bill, no matter how high it is. The $3 billion buyout of J. Crew valued Drexler’s stock holdings in the company at more than $300 million.
What are your thoughts on this latest news?
I wonder, how much is his water bill? Water is more valuable than gold where I live so I say, TSK, TSK, TSK Mr. D! You got me wondering about the biggest water hog in my city....hmmmm...I know it's not me, we have about four feet of grass, total!
ReplyDeleteI don't have any problem with this if the water is used in a recylable way, e.g., drinking, flushing toilets, watering the lawn. But when the water is taken away from the area, like the bottled water factories do, I take great offense.
ReplyDeleteNot quite the PR one looks for! The real problem in out here in Suffolk County (where the "ranch" is located) is the fragility of the environment, in particular the water table. Forward-thinking Suffolk County banned the sale and use of detergents in 1970, only to be forced to repeal the ban a few years later because such regulation is reserved to federal law. Many of the towns have enacted "coverage" limits, restricting the size of the "footprint" of houses in a gallant attempt to protect the water table from McMansions, water hogs and other oligarchs. Lawns, which consume fresh water, pesticides and fertilizers, are not native to the environment out here, and many homeowners are rethinking their landscaping. It's been interesting to watch the emotional conflicts as people deal with this issue: what's the point of a vacation home without a pool, tennis court, paved patios.... and then, of course, the lovely outfits to wear while indulging in these leisure activities.
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ReplyDeletegird your wallets he's been making a lot of crewlade.
ReplyDeleteHoly crow! Well, as long as he pays for it, I guess it's not the end of the world. But, IMHO, what the township should do is charge a hefty surcharge on retarculous levels of water consumption like this. Decide based on the average usage what is reasonable and then for every x amount of gallons after that, make 'em pay more.
ReplyDeleteGuessing the water is being used for irrigating landscaping and filling private pool(s), which isn't exactly eco-friendly -- which in turn ain't so smart these days. Come on, Mick. Get a clue. Go buy some low-flo terlets or something.
And LOL @ crewlade comment! Hehehehehe.
WFF, you forgot to mention the room-sized showed with 100 shower heads.
ReplyDeleteWell, it's late and tomorrow morning early I'm going down to the fragile beach that is the most significant part of our delicate coastal environment to count the grains of sand and make sure none are missing. I have finally found a use for the $100 tweezer.
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