Word: moguls
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Edward Debartolo Jr., the heir to a shopping-center fortune who built his own dynasty with the San Francisco 49ers, has never been the sort of mogul to pride himself on wearing tattered flannel or flying coach. A man with a taste for brandy at $180 a shot, DeBartolo, 51, is known for sparing no cost when it comes to getting exactly what he wants. How to turn a losing team into one of the winningest in the NFL? Recruit the best players, whatever the price. How to secure their devotion to the team? Lavish them with trips to Hawaii...
Eisner had other plans. One August morning, he handed Katzenberg a press release that was about to be distributed. It mentioned, in passing, that Katzenberg would be leaving the company. Katzenberg went on to launch DreamWorks in partnership with Steven Spielberg and music mogul David Geffen. Katzenberg was the only one who had to mortgage himself to put up the $33 million seed money. In these circumstances, the lawsuit--for which his attorneys had logged 9,000 expensive hours as of September--has proved to be an especially big pain in the wallet...
...star in it are indeed its finest assets. Dustin Hoffman plays Max Brackett, a hotshot national news reporter who has been demoted to a backwater affiliate station in northern California after a mysterious incident involving celebrity anchor Kevin Hollander (Alan Alda, in a stonier version of the egomaniacal media mogul he played in Crimes and Misdemeanors). The worldly, ambitious Brackett is earger to regain his position at the network. So when he finds himself locked in a museum with unstable gunman Sam Baily (John Travolta at his raunchiest), a class of rowdy schoolchildren and a developing hostage situation...
...billionaires are coming to the rescue. First, media mogul Ted Turner announced last month that he would give the ailing United Nations a $1 billion shot in the arm over the next 10 years. Then last week, American financier George Soros shocked Moscow and the West with a pledge to pump up to $500 million of his personal fortune into needy Russian health and education programs over the next three years...
First he lost a bidding war for Paramount Communications in 1994. Then his effort to take over CBS collapsed at the last minute. But last week Barry Diller, who masterminded the rise of the Fox Network for Rupert Murdoch's News Corp. a decade ago, was no longer a mogul-without-portfolio. Diller, who heads up the unglamorous HSN, whose holdings include the Home Shopping Network and a stake in Ticketmaster, struck a deal for nearly $4.1 billion with Seagram Co. that lays a foundation for his own entertainment empire. Diller, 55, will pay Seagram $1.2 billion in cash plus...