Word: hirschfield
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...been little short of meteoric. By 1975 she was an executive story editor at MGM, and two years later vice president of production for Columbia Pictures. Aside from intelligence and raven-haired beauty, Lansing's prime asset is her youth, at least according to Fox Vice Chairman Alan Hirschfield, her former Columbia boss, who hired her. Says he: "The movie audience is still trending down in age; 60% of it is between the ages of 14 and 24. Sherry can attract the younger creative moviemakers, who can make pictures that attract younger audiences...
When David Begelman was forced out as president of Columbia Pictures, his friends in the movie industry vowed that they would get even. Last week they did. By a 6-to-l vote, the board of Columbia Pictures Industries, the parent company, fired its president and chief executive, Alan Hirschfield, 42. Begelman's allies on the board pretended that Hirschfield's dismissal from his $250,000-a-year job was not related to the dispute. Nonsense, said Hirschfield: "I lay it all on the Begelman affair...
...fall, after Begelman confessed to the board that he had embezzled $84,000 from the company by forging checks and padding his expense account, some directors wanted to keep the affair quiet. They hoped to protect Begelman, whose smash films (Close Encounters, The Deep) had saved the company. But Hirschfield insisted on suspending Begelman and revealing his wrongdoings. With that, Hirschfield lost support of the board powers, notably his longtime mentor, Investment Banker Herbert Allen. Begelman was indicted for fraud and placed on probation for three years. Even so, he has a $1.5 million three-year contract as an independent...
...replace Hirschfield, the directors set up a four-man Office of Chief Executive. Its members: Board Chairman Leo Jaffe; Financier Dan Lufkin; Matthew Rosenhaus, president of the company that makes Geritol and Sominex; and the new Columbia Pictures president, Francis T. Vincent. Until last week Vincent was an associate director of the Securities and Exchange Commission. Though Vincent himself was not involved, the SEC has been investigating Columbia Pictures...
...precisely because Begelman had rescued Columbia from the brink of bankruptcy and turned it into a moneymaker that its directors last December decided to reinstate him. A vocal dissenter had been Alan Hirschfield, president of Columbia's parent, Columbia Pictures Industries; the two men seemed formally reconciled last week, and Hirschfield spent the week in Hollywood talking with Begelman about future plans. But the Columbia directors were scheduled to meet again this week, and there was speculation that they might reconsider their decision, particularly since Columbia stock has fallen to 15% from 20% in December, before the affair burst into...