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...dollar fees for a few weeks' work are common. According to one estimate, investment bankers this year will earn $500 million from the 60 largest corporate couplings. Top investment bankers earn $1 million and more annually, while vice presidents still in their late 20s make $150,000. Says Felix Rohatyn, 53, of Lazard Freres, who is one of the most respected men in the field: "Things seem to be getting out of hand, both in the fees and in the size of the deals being put together...

Author: /time Magazine | Title: Matchmaker, Make Me a Match | 7/27/1981 | See Source »

...premise is familiar enough: A respected director loses all credibility after the failure of his latest multi-million dollar flick. And the film moves quickly at the beginning. After a brief segment from Felix Farmer's (Richard Mulligan) epic disaster, the camera turns to Felix himself. Staring at Variety catatonically as his wife leaves him, he decides to kill himself by inhaling the exhaust of his $80,000 Cadillac. Julie Andrews, as Sally Miles, Farmer's wife and the star of his films, plays herself. When told by her lawyers that she should not seek a divorce in the wake...

Author: By Laura K. Jereski, | Title: Sour Grapes | 7/21/1981 | See Source »

Meanwhile, the studio honchos gather to discuss salvaging Night Wind, Farmer's film, which no one but he can change or cut, by contract. Robert Vaughn, as the hard-assed producer determined to break Felix's contract first, and Felix next, plays the role straight in the early scenes...

Author: By Laura K. Jereski, | Title: Sour Grapes | 7/21/1981 | See Source »

...worry. Felix is a born producer. That is to say, an improviser. A little recutting, a little reshooting, and he can save Night Wind. All it requires is fending off the studio sharks, stealing a few million from his wife and persuading her to abandon her Julie Andrews-like image with a nude-to-the-waist turn in the X-rated redo. This the real-life Andrews manages with aplomb and utterly winning self-humor. If they gave a good-sport Oscar, she would be a shoo...

Author: /time Magazine | Title: Cinema: Biting the Hand of Hollywood | 7/13/1981 | See Source »

...image breaking is less a matter of undressing than it is of unbending morally, for Sally turns around and blithely participates in a plot to steal Felix's remade movie back from him. He dies defending it ("Don't worry, this could add $10 million to the box office") and is accorded a soundstage funeral-a stained-glass pattern projected on a cyclorama, his wife's guru reading from such sacred works as his list of credits (Chicken at the Wheel, Love on a Pogo Stick) and reports of boffo grosses for his last work. The mourners...

Author: /time Magazine | Title: Cinema: Biting the Hand of Hollywood | 7/13/1981 | See Source »

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