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...perhaps three decades in the bumping, grinding music industry are more than any mogul can stand. During the Guber-Peters deal last year, Yetnikoff began rehabilitation for substance abuse. "I think Walter is just fed up," says music-industry veteran Lynda ("Boom-Boom") Emon, a former mistress of Yetnikoff's who is writing a kiss-and-tell book. "He came to the end of his rope and said, 'What do I need this for? I'm rich...

Author: /time Magazine | Title: A Music King's Shattering Fall | 9/17/1990 | See Source »

...write a wide-scream horror movie. To his delight, he learns that a boyhood friend has been signed to create the most dreadful monster in film history. Searching for inspiration, the buddies visit a cemetery across the street from Maximus Films. Abruptly, the body of a long-buried mogul passes in review. Is it an apparition? What about the hideous beast that begins to haunt the Brown Derby restaurant? And the performer who has played Jesus Christ in movies for 25 years: Is he an actor or an authentic Saviour? Are they all characters in someone else's movie...

Author: /time Magazine | Title: Books: Figments | 8/6/1990 | See Source »

Being a State Department bureaucrat has its occasional unexpected rewards, including a chance recently to rain on Ted Turner's parade. The flamboyant entrepreneur and cable mogul wanted State to issue a visa to Jose Ramon Fernandez, the Cuban Vice President who oversees athletic development and competition, so that the official could accompany Cuba's delegation to the Goodwill Games in Seattle. No dice. A presidential directive bars Cuban Communist Party members from traveling to the U.S. for anything other than official business. The Goodwill Games, which have been plugged so insistently on Turner's TV outlets that some...

Author: /time Magazine | Title: Revenge Of The Bureaucrats | 8/6/1990 | See Source »

...should have done his homework on the ill fortune that befell the builder of the original Taj. The cost of constructing the 17th century Indian marvel, which took 20,000 laborers 22 years to complete, eventually exhausted the royal treasury of the Shahjahan and triggered the decline of the Mogul Empire. Nearly 350 years later, the Taj's modern namesake may have unleashed the grandiose downfall of Manhattan's self-styled King of the Deal...

Author: /time Magazine | Title: Trouble with A Big T | 6/18/1990 | See Source »

...slide in the contemporary market -- the junk bonds, as distinct from the Impressionist blue chips -- is not helped by the fact that some of the biggest buyers of former years, like advertising mogul Charles Saatchi, are now strapped for cash and have turned into sellers...

Author: /time Magazine | Title: Art: Bumps in The Auction Boom | 5/28/1990 | See Source »

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