Word: barone
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...moment, that news from the future may only be Barry Diller's pipe dream. Diller, the onetime baron of Fox, last week bought into a skein of uhf TV stations to get back in the game. It is also a pipe nightmare for those who believe competition is the soul of both capitalism and pop-cultural creativity. But another deal last week brought the scenario a step toward plausibility. Time Warner and Turner Broadcasting System declared they were deep in negotiations that could lead to a Time Warner purchase, led by chairman Gerald Levin, of Ted Turner's prize fleet...
...year in the U.S. alone. "This is probably the biggest organized-crime syndicate there has ever been," says Thomas Constantine, head of the U.S. Drug Enforcement Administration. "For their impact, profit and control, they're bigger than the Mafia in the U.S. ever was." Santacruz lived as a cocaine baron should, throwing lavish birthday parties for his children, buying ranches and cavorting with his mistresses...
...stayed with his employer only three years before striking out on his own. After hooking up with a cash-strapped O-ring manufacturer in New Jersey, he was fortuitously introduced to a group of investors that included Baron Edmund de Rothschild and RCA's David Sarnoff. They put about $1 million into his company, but after growing nervous about Vesco's grandiose expansion plans, they allowed him to buy them out for only $12,500 (all except Rothschild, who stayed in and after 18 months made a profit of more than $1 million on his $250,000 investment...
There are also not one, but two cabinet makers, three farmers, an aspiring wine baron and a Buddhist teacher. And then there is the individual who quit his job and walked across America for 14 months...
Some of the newer business arrangements are especially troubling. At Harper's Bazaar, creative director Fabien Baron is also the owner of Baron & Baron, a design agency whose clients include Calvin Klein and Hugo Boss. Though his role at Bazaar is an influential one, Baron is technically a freelancer. This allows him to take on outside work, and his well-known arrangement raises few eyebrows. "I have no problem with this," says his boss, Tilberis. "Why is it a problem? Fabien Baron has nothing to do with placing ads or choosing the clothes that go in the magazine...