Zell, zell, zell

A few months before the internet bubble burst, Sam Zell sent out naked statues of tech geeks captioned «the emperor has no clothes» as his 1999 holiday greeting. He was dead right. Will Zell - who is selling his Equity Office Properties property firm for $36bn - be sending out statuettes of Blackstone boss Steve Schwarzman this Christmas? It’s unlikely. But Zell proudly calls himself the «gravedancer» for his 40-year career of picking up distressed real estate assets. That he is now a seller ra...