Word: bronfmans
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Seagram's Bronfman looks for a way to spend his oil profits...
Surrounded in his office on the fifth floor of the Seagram Building on Manhattan's Park Avenue by Rodin sculptures and a tapestry by Miro, Edgar Bronfman, 51, the wavy-haired chairman of Seagram Co. Ltd., exudes a certain air of contentment. He should. Last year Bronfman sold the Texas Pacific Oil Co., which Seagram had bought in 1963 for $256 million, to the Sun Co., for $2.3 billion. Bronfman's nest egg has since grown to a stunning $3 billion through shrewd asset management, and he is now leisurely looking for a place to invest the money...
Seagram's offer came in mid-February. An executive recruiter working on Cunningham's behalf called Seagram President Philip E. Beekman and suggested an interview. Though the company had not had a strategic planning V.P.. Beekman and Seagram Chairman Edgar Bronfman were sufficiently impressed by Cunningham to better other offers she was considering, including one that reportedly would have made her president of a small firm. Said Cunningham: "I weighed several challenging opportunities, and this one is unique...
Some called it ironic, but not Edgar M. Bronfman, chairman of Joseph E. Seagrams and Sons, the world's largest producer of alcoholic beverages. He came to Cambridge in June to give Harvard almost $6 million to study the biochemical basis of alcoholism...
...Bronfman denied any possible conflicts of interest--the money has been deposited in a separate account--explaining, "Automobile people spend a lot of money to make their cars safer...