Word: koppelman
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...recently arranged a $15 million loan for Rod Stewart that was secured by the star's future royalties. SPP Hambro is close to cutting a similar deal for slugger Frank Thomas, who has a long-term contract with the Chicago White Sox. Six months ago, former record executive Charles Koppelman formed CAK Universal Credit in partnership with Prudential Securities, and he says he'll close $100 million in entertainer loans--his first deal--by the end of August and that Prudential will bundle them into a bond issue some months later. Snipes Pullman: "Everyone is trying to copycat...
...that most of them consist of a series of sound bites, equally lacking in substance and foundation. The sound bite has the potential to attract attention and elicit support. However, it is inadequate to the task of intellectual persuasion, the missing ingredient of modern public discourse. FRANK S. KOPPELMAN Evanston...
...Bandier, 49, a former real estate lawyer, concentrates on business, while Koppelman, 50, minds the music. He has spent 30 years in the industry, including a stint as a member of the Ivy Three, a pop group that recorded a 1960 hit, Yogi, about the cartoon bear. As a music executive in the 1970s, Koppelman produced such hits as Dolly Parton's Here You Come Again and the Barbra Streisand-Neil Diamond duet You Don't Bring Me Flowers...
...Koppelman says his taste is mainstream, which he defines as "when more people will like it than not." Still, he is often willing to gamble on something different. He eagerly signed a politically conscious black singer- songwriter who was a classmate of his son's at Tufts. The result was an SBK success story: Tracy Chapman, whose hits the firm produced for the Elektra label...
...Koppelman predicts that by the end of the decade SBK will rank with such now established upstart labels as A&M and Geffen. With their sizzling track record, the two partners expect the company to grow rapidly, even in the face of a sluggish economy. "When people feel good they buy records," says Bandier. "When they are sad they do the same thing...