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Last week Lucille Ball, 51, now stuffed with cash from ear to ear, bought out her ex-husband Desi Arnaz for $2,000,000 and change, becoming the new president of Desilu Productions, Inc., one of the largest and most successful TV producing units in Hollywood (The Lucille Ball Show, Fair Exchange, The Untouchables). Ex-President Desi wants to get out of show business and dive more deeply into his horse breeding, country club and real estate interests. He is leaving Lucy with 52% of a company now valued at $20 million, a figure that almost exactly equals the pile...

Author: /time Magazine | Title: Show Business: Desiloot | 11/16/1962 | See Source »

...sober tones befitting his position as a corporation president, bongo-bopping Producer Desi Arnaz, 45, told the 75 stockholders that Desilu Productions Inc. netted $611,921 from such TV productions as The Untouchables and Ben Casey last year and aims for $1,000,000 in fiscal 1963. On the president's left, looking like a rainbow in red hair, green slacks, yellow blouse, white loafers, sat Lucille Ball, 51. his exwife, a major stockholder and $25,000-a-year vice president. Grinned Desi introducing Lawyer Milton Rudin: "He was so good representing Mrs. Arnaz in our divorce, I thought...

Author: /time Magazine | Title: People: Aug. 31, 1962 | 8/31/1962 | See Source »

Eighteen months after she dropped her 19-year option on ex-Husband Desi Arnaz (but retained half interest in their $20 million Desilu Productions empire), carrot-crested Comedienne Lucille Ball, 50, decided on a second marriage. Her new choice: Bronx-born Gary Morton, 44, a tall, dark nightclub comic whom she met over pizza on a blind date a year ago. Said Lucy, busily making arrangements for a Bergdorf Goodman trousseau, the services of the Rev. Norman Vincent Peale, and an Acapulco honeymoon: "I'm looking forward to a nice quiet life...

Author: /time Magazine | Title: People: Nov. 24, 1961 | 11/24/1961 | See Source »

...haired Lucille Ball, 48, who had once said of her 19-year-long marriage that she "never expected it to last six weeks," divorced Desi Arnaz, 43, calling the last few years a "nightmare" during which Desi became hysterically enraged at the slightest provocation-when water pipes burst in their Beverly Hills mansion or when he could not find a jacket he wanted to wear. The split: for Lucy, their two children, half of their $20 million Desilu TV interests, the leaky mansion, two station wagons, a cemetery plot at Forest Lawn. For Desi: the other half...

Author: /time Magazine | Title: HOLLYWOOD: Musical Pairs | 5/16/1960 | See Source »

When TV's foremost up-from-the-ranks production tycoons, Cinemactress Lucille Ball and Bandleader Desi Arnaz, were married in 1940, acquaintances of the volatile lovebirds gave their union six months at most before an inevitable explosion would send them on separate ways. Lucy herself doubted that the match was good for six weeks. Last week, after more than 19 years of sometimes hectic marriage, and two children (Lucy, 8; Desi IV, 7), Lucy and Desi, co-bosses of Desilu Productions, Inc. (grossing more than $20 million a year) and co-stars of TV's longtime rating-topper...

Author: /time Magazine | Title: People, Mar. 14, 1960 | 3/14/1960 | See Source »

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