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...Frankfurt ghetto where the fortune started, the paterfamilias, onetime coin dealer Mayer Amschel Rothschild, left a last commandment to his five sons: Maintain absolute unity. In later years the brothers quarreled often but obeyed their father. They wrote to one another voluminously in the privacy of almost indecipherable Judendeutsch (German written in Hebrew characters) and bailed one another out. Hard times for James in Paris brought Nathan's London to the rescue, and so on--meaning that the Rothschilds, a power unto themselves, could usually float above the fates of individual nations and regimes...

Author: /time Magazine | Title: Books: A Power unto Themselves | 12/7/1998 | See Source »

...well as an industrial society. As the century progressed, the service economy began to compete with industry as fortunes were made in soft drinks (Coca-Cola), processed foods (Heinz), insurance (Travelers, AIG) and retail (Sears, Wal-Mart). The information age began in the 1920s, when Walt Disney, Louis B. Mayer and the rest of Hollywood began to build businesses of scale. But it wasn't until the 1950s, with the emergence of television as a mass medium, and the two most recent decades, with the computer's coming of age, that information has replaced manufacturing as the primary source...

Author: /time Magazine | Title: Big Wheels Turning | 12/7/1998 | See Source »

...Quayle would have loved Louis B. Mayer, a man for whom the words family values had real meaning. Motherhood, the Stars and Stripes and God were equal parts of a lifelong strategy that would establish Metro Goldwyn Mayer as the industry's dominant film factory, from the silent era through the talkies revolution. While the other early moguls were simply trying to make the best movies they could, young Mayer was an ideologue intent on using the power of the new medium to exert what he considered the proper moral influence on the American public...

Author: /time Magazine | Title: LOUIS B. MAYER: Lion Of Hollywood | 12/7/1998 | See Source »

...Mayer went West in 1918, just after the first wave of Hollywood pioneers. He had been on the move since his threadbare family left its Cossack-ridden Ukrainian village in the late 1880s and a few years later settled in St. John, New Brunswick. There his father Jacob Mayer struggled as a junkman. Little Louie, half starved, battled anti-Semitic bullies and helped his father--whom he despised as much as he adored his mother. Escaping St. John in his late teens, he moved on to Boston, where he discovered the Nickelodeon, the embryo of the moving-picture business. Quick...

Author: /time Magazine | Title: LOUIS B. MAYER: Lion Of Hollywood | 12/7/1998 | See Source »

...major step up for Mayer was entertainment tycoon Marcus Loew's reaching out to him as commanding officer of a new company merging Metro and Goldwyn, with Mayer soon adding his big M to the mix. He raised the contract system to a state of the art, using it to rule over a stable of stars who were legally bound to the company for years. In L.B.'s studio, with frail, dedicated lieutenant Irving Thalberg at his side, L.B. worked hard to project himself as a father figure to his extended family of stars, directors and producers...

Author: /time Magazine | Title: LOUIS B. MAYER: Lion Of Hollywood | 12/7/1998 | See Source »

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