Ex-Lehman President Joe Gregory Slashes Price On Hamptons Mansion

After trying to dump his Bridgehampton crib for more than a year, Joe Gregory is finally caving on price.  Now it’s yours for $27.9 million.

WSJ: Mr. Gregory first put the 9,500-square-foot oceanfront home in Bridgehampton, N.Y., on the market last summer. On 2.5 acres, the three-year-old shingled home has eight bedrooms. There’s a swimming pool and more than 200 feet of ocean frontage. The listing agent is Michael DeSario of Corcoran Group.

Full photo spread here >

Meanwhile, Dick Fuld decided not to flip his Park Avenue co-op for $32 million.

NOW WATCH: Money & Markets videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at research.businessinsider.com.au.