Word: cavett
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...home overlooking Washington's Rock Creek Park and a 2.5% stake in the Washington Capitals ice-hockey team. Among the investors who flocked to his deals were a host of celebrities, including Filmmaker Woody Allen, Comic Bill Murray, Actors Christopher Walken and Frank Langella, TV Personality Dick Cavett and Author Erica Jong...
...shelters were part of a colossal sham that authorities called "the largest tax-fraud case ever prosecuted." In a federal district court in Manhattan, he pleaded guilty to conducting a scheme that enabled about 200 taxpayers to take illegal income tax deductions amounting to more than $445 million. Allen, Cavett and the other celebrities who participated in the shelters were named as unwitting victims of the fraud...
Celebrities generally crave publicity, but not in this case. Said Cavett: "I just came back from Japan, and I much prefer taking a bath in public their way. Show people tend to treat their finances like their dentistry. They assume the man handling it knows what he is doing." Other well-known investors were not talking about their tax-shelter troubles, but a clue to Jong's possible feelings can be found in a scene from her latest novel, Parachutes and Kisses, which is some what autobiographical. The book's central character, Isadora Wing, learns from her accountant that...
Other personalities are a little more adventuresome: the sedate Dick Cavett appears as a circus acrobat, Liv Ulmann becomes a, Erte' print, Jean Marsh strips down to a mega-clcavaged chef, and Chita Rivera reincarnates as Jean Harlow. Every one of them wearing red shoes and synopsized by an National Enquirer cutline. Two particularly obnoxious examples...
...addition to Rosenblatt, two other TIME staff members have recently published books. One is Senior Editor Christopher Porterfield, a close friend of Dick Cavett's since college days and a writer and producer of many of his TV shows. Porterfield collaborated with Cavett on the entertainer's latest volume of sharply observed portraits and reminiscences, Eye on Cavett. "I was actually there when many of the events took place," says Porterfield. "I even carry some of the same scars." Published by Arbor House, the work is the second joint effort by Porterfield and Cavett; the first, Cavett...