Word: meshulam
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...from the Oscars: by giving prizes for people who don't win Oscars. In 1950 it instituted a Most Promising Newcomer award. (What the young actors had to promise the members remained vague.) This was the category that, 22 years later, brought scandal on the HFPA when shady businessman Meshulam Riklis invited the gang to Las Vegas to meet his young wife, Pia Zadora, then gracing a turkey called Butterfly (Diving Bell not included), and, presto, she won the prize...
EXPECTING. Pia Zadora, 28, sex-kitten actress (next movie: a sci-fi musical comedy, Voyage of the Rock Aliens); and Meshulam Riklis, 60, her industrialist husband of 6½ years and her biggest fan and promoter: their first child (he has three children by previous marriages); in December...
...become the object of a lively bidding war. McGregor Corp., a men's and boys' clothing maker, is offering $32 a share for Faberge, or $2 more than has so far been bid by anyone else. If the McGregor proposal succeeds, Faberge would become part of Meshulam Riklis's Rapid-American empire, which owns majority control of McGregor. Merger mania has had prospective targets searching for effective defenders (see box), and has inspired a spirited game on Wall Street: guessing which firms might be next. One frequently named takeover candidate is RCA (1983 revenues: $8.98 billion), whose...
...businessmen have a keener sense of the economic winds than Meshulam Riklis. When the art of acquisition was new in the late 1950s and early 1960s, he was one of the canniest practitioners. In time, he parlayed nerve and some fancy forms of financing into control of a string of businesses in such diverse fields as retailing and men's wear, building products and theaters. Now that conglomerates are running into all sorts of head winds, Riklis' own interest seems to be veering from making mergers to simply managing his $2 billion annual sales complex...
...merger magician, Meshulam Riklis, 44, fits into a niche all his own. Starting in Minneapolis as a $50-a-week securities analyst, he stitched together a conglomerate composed of retailing, clothing, textile and theater companies with $1.4 billion a year in sales. Overextended and debt-laden, Riklis' empire almost collapsed five years ago. He rallied by selling off a big chunk of his complex to raise funds. Last week he climaxed his comeback by capturing his richest corporate prize yet: Schenley Industries...