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Geffen started his own label, Asylum, in 1970 and became the leading purveyor of the California Sound. Among his artists: Linda Ronstadt and Jackson Browne. After selling Asylum to Warner Bros. in 1972 and running it for three years, Geffen spent an unsatisfying year as vice chairman of Warner's movie division. "I had to deal with bureaucracy and politics. It just didn't work," he explains...
...tradition and "spent from 11 o'clock to 2 o'clock at the racquet club." The dogged Milken soon discovered that junk bonds could provide much needed capital for medium-size companies that were unable, because of their size, to issue investment-grade debt. Other firms, notably Lehman Bros., had already tried minting bonds that were high yield from the outset. But Milken was the first to build a market for the bonds by finding hungry customers among institutional money managers, who must constantly search for higher returns on their investments...
...best-selling toy of the 1988 Christmas season is a video game: the Nintendo Entertainment System. The toy consists of a computer control box and a pair of joysticks (about $80), a gun-light Zapper ($25) and software cartridges ($25 to $40) that play such games as Super Mario Bros. 2 and Double Dragon...
...LOBOS: LA PISTOLA Y EL CORAZON (Warner Bros.). Nine Mexican songs, contemporized but not homogenized by an ace rock band. Roots music for everyone to share...
...LOBOS: LA PISTOLA Y EL CORAZON (Warner Bros.). Nine Mexican songs, contemporized but not homogenized by an ace rock band. Roots music for everyone to share...