Word: moguls
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...self-respecting rap neighborhood would be without its mogul. The South has New Orleans' Master P., who only 12 years ago was selling discs out of the back of his car. Today he is one of the most successful independent rappers in the business--the self-proclaimed "ghetto Bill Gates"--with a clothing line, a movie-production company, an acting career in film and on TV (he plays dad to his real-life son on Nickelodeon's Romeo) and 11 albums, the latest of which, Ghetto Bill: The Best Hustler in the Game, came out last week. His theory...
...read a mogul's mind? Somebody saw this most theatrical of Broadway musicals--one that exists uniquely on a stage, with no sets and only one glitzy production number--and decided it could make a hit movie without what is known in Hollywood as a radical rethink. Somebody figured that the sad, frayed lives of show-biz gypsies (always described, never shown) would strike a responsive chord in today's party-time teens. Somebody counted the Oscars and box-office grosses of Gandhi and determined that a British director in his 60s would be just the man to bring this...
...women directors, and of good will by the male bosses who employ them. "I never look at gender or hair color or clothing," avers Steven Spielberg, who chose women to direct three of the 24 episodes for his Amazing Stories. "I look at talent." But every baby mogul knows he must be a businessman first, a booster second. Says Mark Canton, president of production at Warner Bros.: "Nobody hires a woman just because she's a woman. The stakes are too high to be an idealist...
...Harry Chapin, who was killed in 1981, when his auto was hit by a truck. His widow, Sandy Chapin, was suing the trucking company for $25 million in potential earnings; last week the jury in a Brooklyn, N.Y. federal court awarded her $7.2 million. And what does a musical mogul do to relax from the pressures of all that moneymaking? Rogers has taken up photography. In those quiet darkroom hours, he says, "I think better and resolve problems better." His first book, Kenny Rogers' America, a series of black-and-white landscapes, portraits and buildings taken while touring, was published...
...Kirk Kerkorian's MGM Grand bought Wynn's Mirage Resorts for $6.4 billion, Wynn spent 11/2 months with a sketchbook, walking around the 87 hectares he acquired at more than $1 million each when he bought the Desert Inn (which he had torn down). He also hired real estate mogul Irwin Molasky to quietly buy up the adjacent homes. "When I bought this piece of property, I laughed," says Wynn. "I said, 'This is the most valuable piece of property in the western part of America.' I had to [pay] $270 million, and I had it that morning...