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Last Monday the trio met with MCA-Universal boss Lew Wasserman, at 81 still the Godfather of Show, and his deputy Sid Sheinberg. Wasserman and Sheinberg were rankling under the ownership of Matsushita, the Japanese conglomerate. MCA was home to both Geffen, whose current music company is housed there, and Spielberg, whose Amblin films are distributed mainly through Universal; the director regards Sheinberg as a mentor of nearly 30 years. "Lew and Sid's intentions were to get back control of their company," says Katzenberg, "and they hoped we'd be an ally to them. We assured them we would...

Author: /time Magazine | Title: SHOW BUSINESS: A Studio Is Born | 10/24/1994 | See Source »

Former B.C.C.I. second-in-command Swaleh Naqvi was sentenced to eight years in the slammer and ordered to pay $255 million in restitution in connection with federal charges stemming from the biggest bank fraud ever. Naqvi now faces trial in New York Friday on state charges. But Naqvi's boss, B.C.C.I. founder Agha Hasan Abedi, is currently in Pakistan and unlikely to be brought to justice, says TIME correspondent S.C. Gwynne, who covered the scandal. Naqvi has pleaded indigence and probably won't pay the fines levied against him. Still, today's development is a significant victory for the feds...

Author: /time Magazine | Title: B.C.C.I. HONCHO JAILED | 10/19/1994 | See Source »

...treatment of North by his political colleagues has been still more bizarre. Ronald Reagan refused early on to endorse North. Who would know Ollie's true capacity for the job better than our kindly old ex-president/king? Despite the old boss's attitude, other Republican heavyweights such as Bob Dole have flocked to Virginia to support the Dentally Deficient...

Author: By Daniel Altman, | Title: Send North Home | 10/17/1994 | See Source »

...sextet of reliable actors -- John Cunningham, Jack Gilpin, Julie Hagerty, Mary Beth Peil, Robert Stanton and Jennifer Van Dyck -- shifts from one role to another as smartly as commuters leaping from the Stamford express to the Cos Cob local. But as directed by Playwrights boss Don Scardino, the evening is a failure. It ransacks the canon for easy laughs and outbursts. With only a few minutes devoted to each story, the characters rarely rise above caricature...

Author: /time Magazine | Title: THEATER: True Minds That Don't Meet A.R. | 10/17/1994 | See Source »

...bank in downtown Los Angeles. It's a few months after the 1992 riots, and racial tensions are high; nonetheless, Jackson starts up a friendship with a white co-worker, Mallory Post. When, as part of a diversity program, a black man is hired to be the new boss of the bank, Esther is overjoyed, and she even fantasizes about having an interoffice fling with him. But her happiness turns to dismay when he is accused of sexually harassing Mallory...

Author: /time Magazine | Title: BOOKS: Wary Friends | 10/17/1994 | See Source »

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