Word: kostelanetz
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Dates: during 1980-1989
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Beyond the accountants' ken, though, there are less clearly observable reasons. "Greed, gre-e-ed, gre-e-e-e-ed," murmurs Boris Kostelanetz, 71, who was born in Leningrad when it was still St. Petersburg and is now the senior partner of Kostelanetz & Ritholz in Manhattan. He savors his own repetition of the word, but he feels that greed is not always or necessarily the motive. Says he: "Greed means you want to keep money and spend it on yourself. For tax evasion there is something else at work. People who don't file tax returns...
...Kostelanetz, who has given tax advice to such notable figures as former Vice President Nelson K Rockefeller and former Pennsylvania Senator Hugh Scott, cites the case of RCA Board Chairman Anthony Conrad. He had spent 30 years rising through the ranks and was earning a salary of $250,000 when it was disclosed in 1976 that he had not filed an income tax return in five years. Strangely enough, Conrad had paid $684,000 in withholding taxes and always managed company affairs with great prudence. On Kostelanetz's advice, Conrad resigned and retired to Maryland. He has since filed...
DIED. Andre Kostelanetz, 78, Russian-born maestro who dedicated 50 years to popularizing orchestral music in America and American music in the world; of a heart attack; while vacationing in Port-au-Prince, Haiti. Though Kostelanetz fled war-ravaged Petrograd, where he had conducted opera, for New York City in 1922, his U.S. career did not bloom until eight years later when he was hired to lead the CBS symphony orchestra on radio's Chesterfield Hour. After making the program a hit, he added to his celebrity by marrying Opera Diva Lily Pons in 1938 (they divorced...