WINNERS

MICHAEL PHELPS

The Olympian snags $1.6M book advance from Simon & Schuster.

MICHAEL KOWALSKI

Tiffany CEO posts sparkling quarterly results, raises outlook for year and sees stock pop.

JAY BROWN

Bond insurer MBIA’s CEO sees shares soar 48% this week after deal with rival FGIC.

LOSERS

ADAM HOCHFELDER

Former real estate developer arrested on charges of cheating banks, relatives and friends out of $17M+.

EDDIE LAMPERT

Sears’ clueless chairman angers holders as sales continue downward spiral.

MICKEY DREXLER

J. Crew CEO socked after apparel retailer lowers 2008 outlook.