Word: bankers
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...market is highly cyclical - many would say current prices are at all-time highs - but there remains a core group of wealthy art collectors who will be comparatively unaffected by external conditions. It's the buyers from that group who are now turning their attention to China, argues banker and avid collector Carl Kostyal. "About 10 to 20 collectors are at the leading edge of contemporary art globally," says Kostyal. "They are already buying in China and have been for a year or so. Then there is another group of 200 to 300 for whom this buying is bringing China...
...Very little is being said to the general alumni, and even to many of the alumni involved in University activities,” says investment banker Paul J. Zofnass ’69. “On the other hand, that’s no different than it has been over the last 30 years or so when presidents of Harvard have changed...
Summing up their strategy, Mike Medavoy, a veteran producer involved with the Weinsteins on two projects, says, "They probably learned a few lessons from their time at Disney. No. 1: it's nice to have a big banker in back of you. No. 2: this business is filled with mistakes, and margins are shrinking, so you have to be more careful than ever before. And No. 3: it's good to hedge your bets...
...chain, Mars Entertainment Group, in which U.S. private international investment firm Colony Capital recently acquired a sizable stake. "It's very recent that direct investment came into Turkey," explains Markus Lehto, the managing director of Kanyon, who is well qualified to comment, given that he was formerly an investment banker in New York. "It was less than $1 billion two years ago and will be $15 billion this year and probably up to $25 billion next year...
...think it works for him,” said HBS student Guelmana Rochelin of the cards. “However, as a businessperson, I think it’s over top. I couldn’t see an investment banker just throwing out business cards after a meeting...