Word: moguling
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Dates: during 1990-1999
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...probably be as leery as anyone else about the notion of privatizing Social Security? "Maybe," says Michael Steinhardt, the hedge-fund guru who chairs the Progressive Foundation, which will publish the manifesto. Steinhardt is one of about two dozen wealthy Democrats behind the project, a roster that includes entertainment mogul Barry Diller; investment bankers Steve Rattner, Felix Rohatyn and Barrie Wigmore; and entrepreneurs Mitch Hart, who started Electronic Data Systems with Ross Perot, and Sandy Robertson, who assembled much of the California support so vital to Clinton's '92 drive...
...with Baby Bells, advisory roles with banks that own movie studios and a contract to produce commercials for Coca-Cola. He's poised to be the Wasserman of the 21st century. But for now he won't be the Wasserman of MCA, which probably sits well with the old mogul. Last Monday he was said to have told friends, "I'm 82 years old, and this is the happiest day of my life...
...more persistent Hollywood rumors has it that Keanu Reeves is secretly married to mogul David Geffen. After the July issue of Out magazine appears, someone may have to start a new rumor. The Johnny Mnemonic star daringly reveals his heterosexuality in the gay publication and is said to echo Geffen's claim that the two have never...
...investment represents, in effect, a $2 billion bet on Murdoch's savvy and vision. Which is why his failure to develop clear successors among his management team is a growing problem for the 64-year-old executive. The media world is full of former Murdoch lieutenants, including free-lance mogul Barry Diller and Disney motion-pictures chief Joe Roth. After Murdoch is gone, who runs the place? MCI tried addressing that question with a contract clause that gives it the right to acquire Murdoch's News Corp. stock in the event his heirs choose not to sell a substantial stake...
...Senate approved and sent to the President a measure that would end a tax break to companies that sell broadcast and cable outlets to minority owners (though not before allowing one last such deal involving media mogul Rupert Murdoch). The provision is part of a broader tax bill, which President Clinton has agreed to sign...