Word: paramount
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...increasingly noisy drumbeats from Washington have created fear that the bilateral relationship is faltering. "There is a great deal of concern about the outright hostility in Washington that exists against Japan," says Sam Nakagama, a Manhattan economist. "Americans don't seem to care about this, but it is paramount in Japan." Trade negotiators reached an agreement last week to allow Japanese universities and government agencies to import U.S. supercomputers. But the two sides have made little progress so far in related talks over satellites and lumber products...
...Morgan dodge the slump? While the firm handled a sizable share of leveraged buyouts and issued $14 billion in junk bonds during the late 1980s, the company chose its deals with care. (Morgan did come up short in one notable fight, however, when it assisted Paramount Communications in its failed $12.2 billion hostile bid for Time Inc. last year on the eve of the company's planned merger with Warner Communications.) Under Chairman S. Parker Gilbert, 56, the stepson of co-founder Harold Stanley, and President Richard Fisher, 53, Morgan hedged its bets by diversifying into many different fields rather...
...proposal. Murphy, who received screen credit as the creator of the story, testified in a written deposition last month that he conceived the idea for the film in the wake of a painful romantic breakup. But Judge Harvey Schneider ruled that the parallels were substantial and that Paramount and Murphy had known about Buchwald's original story, although he stressed that his verdict was in no way meant to "disparage the creative talent" of Murphy...
...Buchwald and his lawyer to find the profit. Joked Buchwald: "We suspect it's in Gloria Swanson's dressing room." Of the $300 million gross, half was kept by theaters showing the film. The rest went for shooting the picture (one cost estimate: $40 million), distribution fees charged by Paramount ($50 million), studio overhead ($5 million), film prints and promotion ($15 million), Murphy's salary ($8 million) and other expenses...
...former merchandising director for Penthouse, Steel rose to production chief at Paramount in 1985. At Columbia she fired a few blanks, notably the $23 million Casualties of War. But she scored major hits with When Harry Met Sally . . . (gross revenues: $92 million) and Ghostbusters II ($112 million), pushing Columbia from last place among the major studios in 1988 to No. 3 last year. Even so, Steel, 43, figured her job was in jeopardy when Sony bought Columbia last September and installed producers Peter Guber and Jon Peters as co-chairmen. She departs with a pay package said to be worth...