Word: bautzer
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...first time only two weeks ago, can put new vigor into the ailing MGM lion. Kerkorian wanted a show business veteran to replace financial man Polk, but his choice for the presidency, Herb Jaffe, a vice president of United Artists, turned the job down. Gregson Bautzer, the Los Angeles socialite lawyer who counts both Kerkorian and Aubrey among his clients, introduced the two men at the Beverly Hilton and recommended Aubrey for the job. Bautzer's sales pitch: "Jim Aubrey has a real good sense of smell about what the American public wants to buy for entertainment...
According to Bautzer, Aubrey told Kerkorian: "I don't want a contract. If I do a job on this, the contract will take care of itself. If you don't like the way I'm doing it, you can say 'Get lost, Jim' without any obligations." Aubrey will get $208,000 yearly, plus an option to buy 17,500 shares...
Riding the Boom. Soon after Hearst died (TIME, Aug. 20, 1951), Marion took notice of the postwar building boom, decided that the time had come to develop her holdings. She hired the law firm of Bautzer, Grant, Youngman & Silbert, thereby got the services of Hollywood Lawyer-Bachelor-About-Town Gregson Bautzer and Manhattan Lawyer Arnold Grant. "I do what they tell me," says Marion. "Greg has a great mind for real estate. He's smarter than...
Shrewdly advised by Grant and Bautzer, she tore down some old brownstones at 57th Street and Park Avenue in Manhattan that were bringing her $8,000 a year, got the Tishman Realty & Construction Co. to put up and lease the 22-story, aluminum-sheathed Davies Building. It pays her about $120,000 a year. Down came a block of flats on her property at 55th Street and Madison Avenue, and now abuilding is the 17-story Douras Building, named for her father, onetime Manhattan Judge Barney Douras, which will bring her about $50,000 a year. By improving property...
Marion appreciates the talents of her lawyers, whose guidance has helped her earn an estimated annual net income of $400,000 a year from real estate. But they also respect her business instincts. Says Bautzer: "She has a good sense of smell about a piece of land...