Word: dillers
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What happens when folks used to the rarefied air of conceptual art have to operate at ground level? It's a plunge avant-garde architect-artists Elizabeth Diller and Ricardo Scofidio made when they agreed to renovate a New York City restaurant...
...idea turned out to be right. Overnight, HBO went from cash incinerator to cash machine. The movie channel became a dominant force in the entertainment business, leading a young Paramount executive named Barry Diller to moan in 1983 that "if HBO and Time Inc. go unchecked, the motion-picture industry will be under total control of one company in less than five years." But even more important, it showed that consumers were willing to pay to subscribe for something that had always been given away free. Around the nation, small cable operators raced to copy Levin's idea. In Atlanta...
DIED. MARTIN DAVIS, 72, creator of Paramount Communications; of a heart attack; in New York City. Former boss to Hollywood heavyweights Michael Eisner, Barry Diller and the late Brandon Tartikoff, the famously temper-prone executive took over the company from Gulf & Western in 1983--and doubled its stock value in his 11 years at its helm. Among his better-known takeover attempts: an ultimately unsuccessful bid to wrest Time Inc. (parent company of TIME) from Warner Communications...
...flattered. The Bradley network is full of the high-profile people he has stroked and courted for decades: billionaire moneyman Herb Allen, media moguls Barry Diller and Michael Eisner, film director Sydney Pollack, Barnes & Noble chairman Len Riggio. They build support and raise money for Bradley, and in return he makes them feel good about themselves. Says Starbucks CEO Howard Schultz: "I just feel better for knowing him." Bradley likes to say, "This is not just a campaign, but something more"--a high-minded mission. That sounds trite, until you see it in action...
...real, says Diller. "There has been an enormous amount of arrogance, of easy money made by people who are extraordinarily arrogant about the real world and how difficult it is to build and sustain a business," he says. He likens Internet companies to "slot machines that pay off again and again. If I was an investor, I'd be corrupted by it to some degree as well...