Friday, July 25, 2014

THIERRY LACOSTE 11: A LIVELIHOOD BASED AROUND PRINCE ALBERT




Lacoste & Prince Albert of Monaco:  The leech and the leeched




July 2006

On retainer to Prince Albert of Monaco


On July 9th, Lacoste ambushed the Prince over dinner at Stefan Valeri’s weekend home in the mountains with accusations that Jean-Luc Allavena (JLA) was supposedly undercutting the boss.  

In fact, JLA had done nothing more than execute the Prince’s agenda, or decisions the Prince pretended to enjoin, hurriedly, in between frequent travels.   

It was JLA’s role as gatekeeper—traditional for a chief of staff—that Lacoste found most objectionable because clients of his with frivolous projects did not meet JLA’s threshold for what was deserving of face time with the Prince.  

Unfortunately for Lacoste, his legal career and livelihood was largely dependent upon his Palace connection.  

Within days of dinner at Valeri’s home, the Prince appointed Lacoste to the board of SBM, a move badly received by Monegasques, who suspected cronyism, and who already perceived the Prince as being physically and psychologically absent from Monaco.



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