https://en.wikipedia.org/wiki/Kirk_Kerkorian
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Kirk Kerkorian
ŐŐšÖÖ ŐŐšÖÖŐžÖŐ„ŐĄŐ¶
Kirk Kerkorian in 1973
Born
Kerkor Kerkorian
June 6, 1917
Fresno, California, U.S.
Died
June 15, 2015 (aged 98)
Beverly Hills, California, U.S.
Resting place
Citizenship
United States
Armenia (honorary)
Years active
1940â2015
Spouses
Hilda Schmidt
â
â(m. 1942; div. 1951)â
Jean Maree Harbour-Hardy
â
â(m. 1954; div. 1984)â
â
â(m. 1999; div. 1999)â
Una Davis
â
â(m. 2014; sep. 2014)â
Children
2
Awards
National Hero of Armenia (2004)[1]
Kerkor "Kirk" Kerkorian (Armenian: ŐŐšÖÖ ŐŐšÖÖŐžÖŐ„ŐĄŐ¶; June 6, 1917 â June 15, 2015) was an American businessman, investor, and philanthropist. He was the president and CEO of Tracinda Corporation, his private holding company based in Beverly Hills, California. Kerkorian was one of the important figures in the shaping of Las Vegas and, with architect Martin Stern Jr.,[2] is described as the "father of the mega-resort".[3] He built the world's largest hotel in Las Vegas three times:[4] the International Hotel (opened in 1969), the original MGM Grand Hotel (1973) and the current MGM Grand (1993).[5] He purchased the Metro-Goldwyn-Mayer movie studio in 1969.
Kerkorian, who was born to Armenian immigrants, provided over $1 billion for charity in Armenia through his Lincy Foundation, which was established in 1989 and particularly focused on helping to rebuild northern Armenia after the 1988 earthquake.[6] Kerkorian also provided money to ensure that a film based on the history of the Armenian genocide would be made. The resulting film, called The Promise,[3] premiered in April 2017 in the United States. In 2000 Time magazine named him the 10th largest donor in the US.[7] Kerkorian was declared an honorary citizen of Armenia.[8] He was bestowed the title of National Hero of Armenia, the highest state award.[1]
Early years
Kirk Kerkorian[9] was born on June 6, 1917, in Fresno, California, to Armenian parents who escaped present-day Turkey via cattle boat during the Armenian Genocide.[10][11] Armenian was his first language and he "didn't learn the English language until he hit the streets."[4] His family moved to Los Angeles following the depression of 1920â21.[4] Dropping out of school in eighth grade, Kerkorian became a fairly skilled amateur boxer under the tutelage of his older brother Nish Kerkorian, fighting under the name "Rifle Right Kerkorian" to win the Pacific amateur welterweight championship. Kirk Kerkorian also had an older sister, Rose Kerkorian.[12]
Business career
Aviation
Sensing the onset of World War II, and not wanting to join the infantry, Kerkorian learned to fly at the Happy Bottom Riding Club in the Mojave Desertâadjacent to the United States Army Air Corps's Muroc Field, now Edwards Air Force Base. In exchange for flying lessons from pioneer aviator Pancho Barnes, he agreed to milk and look after her cattle.
On gaining his commercial pilot's certificate in six months, Kerkorian learned that the British Royal Air Force was ferrying Canadian-built de Havilland Mosquitos over the North Atlantic to Scotland. The Mosquito's fuel tank carried enough fuel for 1,400 miles (2,300 km), while the trip directly was 2,200 miles (3,500 km). Rather than take the safer MontrealâLabradorâGreenlandâIcelandâScotland route (although, going further north could mean the wings icing, and the plane crashing), Kerkorian preferred the direct "Iceland Wave" route, which blew the planes at jet-speed to Europeâbut it was not constant, and could mean ditching. The fee was $1,000 per flight. Although accounts claim the risk was that one in four planes failed to make it,[13] the actual rate was closer to one in forty.[14] In May 1944, Kerkorian and his Wing Commander John de Lacy Wooldridge rode the wave and broke the old crossing record. Wooldridge got to Scotland in six hours, 46 minutes; Kerkorian, in seven hours, nine minutes. In two and a half years with RAF Ferry Command, Kerkorian delivered 33 planes, logged thousands of hours, traveled to four continents and flew his first four-engine plane.
After the war, having saved most of his wages, Kerkorian spent $5,000 on a Cessna. He worked as a general aviation pilot and made his first visit to Las Vegas in 1944.
Main article: Trans International Airlines
Trans International Airlines DC-8 at London Gatwick 1966, the jet Kerkorian bought in 1962 that he later said was "the real breakthrough"
After World War II, Kerkorian and his sister started a partnership to trade aircraft. He made headlines when in 1946, while he was flying a DC-3 from Hawaii to the mainland, his crew issued a mayday when the ferry tank system malfunctioned and the engines quit. Luckily they were able to fix the issue and restart the engines. In 1948, his partnership bought Los Angeles Air Service (LAAS), a so-called irregular air carrier (a carrier started without formal government approval). In the 1950s, LAAS was at least as much a vehicle for aircraft trading as it was an operating airline, going significant periods without operations. Kerkorian developed a reputation as an astute aircraft trader. In 1960, Kerkorian changed the name of LAAS to Trans International Airlines (TIA) and in 1962 bought a Douglas DC-8 jet, putting it immediately to work on a military charter contract. He was the first charter operator to move to jets, which he later said "was the real breakthrough". Thereafter, TIA grew strongly, as did its profitability. In 1962, he also sold TIA to Studebaker, then seeking to diversify, with Kerkorian left in charge. Two years later, he bought TIA back from Studebaker for a similar amount, despite the airline being larger and more profitable. In 1968, he sold TIA to Transamerica Corporation, an insurance company, with his share being $104 million, his first fortune.
Kerkorian then invested in Western Airlines, building up a large stake from 1968 to 1970 and taking control of the board. He remained a major power at Western until 1976, when he sold his remaining stock back to the company. In 1987, MGM funded the launch of MGM Grand Air, an all-premium class airline that flew transcontinental routes.[15]
Las Vegas
Kerkorian on a 2017 Armenian postage stamp
In 1962, Kerkorian bought 80 acres (32 ha) in Las Vegas, across the Las Vegas Strip from the Flamingo for $960,000. This purchase led to the building of Caesars Palace, which rented the land from Kerkorian. The rent and eventual sale of the land to Caesars in 1968 made Kerkorian $9 million ($70 million today).[16]
In 1967, he bought 82 acres (33 ha) of land on Paradise Road in Las Vegas for $5 million and, with architect Martin Stern Jr.,[17] built the International Hotel, which at the time was the largest hotel in the world. The first two performers to appear at the hotel's enormous Showroom Internationale were Barbra Streisand and Elvis Presley. Presley brought in some 4,200 customers (and potential gamblers) every day for 30 days straight, in the process breaking all attendance records in the county's history. Kerkorian's International Leisure also bought the Flamingo Hotel; eventually, both hotels were sold to the Hilton Hotels Corporation and were renamed the Las Vegas Hilton and the Flamingo Hilton, respectively.
After he purchased the Metro-Goldwyn-Mayer movie studio in 1969, Kerkorian (with architect Martin Stern Jr.) opened the original MGM Grand Hotel and Casino, larger than the Empire State Building[18] and the largest hotel in the world at the time it was finished. On November 21, 1980, the original MGM Grand burned in a fire that was one of the worst disasters in Las Vegas history. The Clark County Fire Department reported 84 deaths in the fire; there were 87 deaths total, including three which occurred later as a result of injuries sustained in the fire. After only 8 months the MGM Grand reopened. Almost three months after the MGM fire, the Las Vegas Hilton caught fire, killing eight people.
In 1986, Kerkorian sold the MGM Grand hotels in Las Vegas and Reno for $594 million to Bally Manufacturing. The Las Vegas property was subsequently renamed Bally's. Spun off from Metro-Goldwyn-Mayer, MGM Resorts International owns and operates several properties, including the current MGM Grand, the Bellagio, the New York-New York, Mandalay Bay, Luxor, Excalibur, Park MGM, the Cosmopolitan and the CityCenter complex in Las Vegas.
MGM sold its Treasure Island Hotel and Casino property to billionaire and former New Frontier owner Phil Ruffin for $750 million.[19]
MGM
In 1969, Kerkorian appointed James Thomas Aubrey Jr. as president of MGM.[20] Aubrey downsized the struggling MGM and sold off massive amounts of historical memorabilia, including Dorothy's ruby slippers from the 1939 film The Wizard of Oz, the majority of MGM's backlots in Culver City and overseas operations such as the British MGM studio at Borehamwood. Kerkorian sold MGM's distribution system in 1973, and gradually distanced himself from the daily operation of MGM. He also owned minority interest in Columbia Pictures but his holdings were thwarted by the Justice Department who filed an antitrust suit due to his owning stock in two studios.[21] In 1979, Kerkorian issued a statement claiming that MGM was now primarily a hotel company; however, he also managed to expand the overall film library and production system with the purchase of United Artists (UA) from Transamerica in 1981, becoming MGM/UA Entertainment Company. In March 1986, he sold MGM to Ted Turner.[22] After the purchase was made, Turner sold the UA subsidiary back to Kerkorian.[23][24]
Turner kept ownership of MGM from March 25 to August 26, 1986. He racked up huge debts and Turner simply could not afford to keep MGM under those circumstances. To recoup his investment, Turner sold the production/distribution assets and trademarks of MGM (including its post-April 1986 libraries) to UA while retaining the pre-May 1986 MGM library, Associated Artists Productions (the pre-1950 Warner Bros. Pictures library and Fleischer Studios/Famous Studios Popeye cartoons) and RKO Radio Pictures libraries, as well as Gilligan's Island and its animated spin-offs The New Adventures of Gilligan and Gilligan's Planet.[22][25] The MGM studio complex was sold to Lorimar-Telepictures, which was later acquired by Warner Bros.; in 1990, the lot was sold to Sony Corporation's Columbia Pictures Entertainment in exchange for the half of Warner Bros.' lot that it had rented since 1972. Also in 1990, the MGM film company was purchased by Italian financier Giancarlo Parretti, who then merged the former Cannon with the MGM purchase to create the short-lived MGM-Pathé Communications. Parretti defaulted on the loans he had used to buy MGM, leaving MGM in the hands of the French bank, Crédit Lyonnais. Crédit Lyonnais invested significant sums to revive the moribund company and eventually sold it back to Kerkorian in 1996. Kerkorian soon expanded MGM, purchasing Orion Pictures, The Samuel Goldwyn Company and Motion Picture Corporation of America (MPCA) from John Kluge's Metromedia in 1997, and bought the pre-April 1996 PolyGram Filmed Entertainment library in 1999 from its parent Philips, which was in the process of selling PolyGram to Seagram.
In 2005, Kerkorian sold MGM once more to a consortium led by Sony. He retained a 55% stake in MGM Mirage.[26]
On November 22, 2006, Kerkorian's Tracinda investment corporation offered to buy 15 million shares of MGM Mirage to increase his stake in the gambling giant from 56.3% to 61.7%, if approved.[27]
In May 2009, following the completion of a $1 billion stock offering by MGM Mirage, Kerkorian and Tracinda lost their majority ownership of the gaming company, dropping from 53.8% to 39% and even after pledging to purchase 10% of the new stock offering they now remain minority owners.[28][29]
Auto industry
Kerkorian had an on-again/off-again relationship with the American auto industry. His involvement began in 1995 when with the assistance of retired Chrysler chairman and CEO Lee Iacocca, Kerkorian staged a takeover attempt of the Chrysler Corporation. Chrysler's management treated the takeover as hostile, and after a lengthy battle, Kerkorian canceled his plans and sold his Chrysler stake in 1996. As part of the settlement, Iacocca was placed under a gag order forbidding him from discussing Chrysler in public or print for five years. Two years later, Chrysler management agreed to be acquired by German automaker Daimler-Benz.[30] Kerkorian always drove an American vehicle, including a Ford Taurus and Jeep Cherokee.[31]
Kerkorian once owned 9.9% of General Motors (GM). According to press accounts from June 30, 2006, Kerkorian suggested that Renault acquired a 20% stake in GM to rescue GM from itself. A letter from Tracinda to Rick Wagoner was released to the public,[32] to pressure GM's executive hierarchy,[33] but talks failed.[34] On November 22, 2006, Kerkorian sold 14 million shares of his GM stake (it is speculated that this action was due to GM's rejection of Renault and Nissan's bids for stakes in the company as both of these bids were strongly supported by Kerkorian); the sale resulted in GM's share price falling 4.1% from its November 20 price, although it remained above $30/share.[35] The sale lowered Kerkorian's holding to around 7% of GM. On November 30, 2006, Tracinda said it had agreed to sell another 14 million shares of GM, cutting Kerkorian's stake to half of what it had been earlier that year.[36] By the end of November 2006, he had sold substantially all of his remaining GM shares.[37] After Kerkorian sold, GM lost more than 90% of its value, falling as low as $1/share by May 2009,[38] and filed bankruptcy on June 1, 2009.[39]
On April 5, 2007, Kirk Kerkorian made a $4.58 billion bid for the Chrysler Group, the U.S. arm of Daimler-Chrysler. After Daimler-Chrysler announced they were interested in selling the Chrysler division on February 14, large investors such as Cerberus Capital Management, The Blackstone Group and Magna International each announced intentions to bid on the company. Kerkorian's bid, while not expected, was not surprising given his long involvement in the U.S. automobile industry. During the bidding process, he sought the aid of his close associate Jerome York who was a former CFO at both Chrysler and IBM. On May 14, 2007, 80% of the Chrysler arm of Daimler-Chrysler was sold to Cerberus for $7.4 billion.
Kerkorian began buying Ford Motor Company stock in April 2008, and spent about $1 billion to accumulate a 6% stake in the automaker. By October 2008, the investment had lost two-thirds of its value, and he began selling. Tracinda explained, "In light of current economic and market conditions, it sees unique value in the gaming and hospitality and oil and gas industries and has, therefore, decided to reallocate its resources and to focus on those industries."[40]
On October 21, Tracinda sold the 7.3 million Ford shares at an average price of $2.43, and said it planned to cut further its existing 6.1 percent stake in Ford, for a potential total loss of more than half a billion dollars.[41] Kerkorian sold his remaining stake in Ford on December 29, 2008.[42]
Wealth
Kerkorian's net worth in 2008 was $16 billion according to Forbes magazine, making him the 41st richest person in the world and the richest person in California at that time.[43] By 2011, Kerkorian was among those hardest hit by the stock market recession as his net worth tumbled to $3.2 billion. In 2013, he was listed as the 412th richest person with a net worth of $3.9 billion.[44]
Personal life
Kerkorian was an "intensely private person".[45] He almost never gave interviews and seldom appeared in public. "Kerkorian rarely attended board meetings and never gave speeches. He was shy, but was a tough negotiator. Those who knew him describe him not as a Hughesian hermit, but as a gentle, gracious, normal guy."[4]
Kerkorian was an avid tennis player, played in tournaments, associated with other players like Lornie Kuhle, and routinely played with Alex Yemenidjian, a former MGM executive, and former owner of the Tropicana Las Vegas resort. He had a penchant for expensive clothes (especially custom-made outfits by Italian designer Brioni), but drove relatively inexpensive vehicles, such as a Pontiac Firebird, Jeep Grand Cherokee and a Ford Taurus.[46]
Kerkorian died in Beverly Hills, California, on June 15, 2015, nine days after his 98th birthday.[47][48] He is buried at Inglewood Park Cemetery in Inglewood, California, near Los Angeles.[49]
Gravestone of Kerkorian and his father Ahron
Family
Kerkorian was married four times, first to Hilda Schmidt from 1942 to 1952.[30] His next marriage, to Jean Maree Hardy, lasted from 1954 to 1984. The two had met at the Thunderbird resort in Las Vegas. Hardy, a dancer from England, traveled the world instructing dance troupes. They met and fell in love while she was sent to check opportunities to choreograph a performance in Las Vegas. The marriage produced Kerkorian's two daughters, Tracy and Linda, whose names serve as a portmanteau for Kerkorian's personal holding company, Tracinda Corporation, and his charitable organization, the Lincy Foundation.[30] Although divorced, they remained close friends and confidants.
Kerkorian's short-lived third marriage (1999) was to professional tennis player Lisa Bonder, 48 years his junior, which lasted only one month. The two had signed a prenuptial agreement before marrying. Kerkorian subsequently was involved in a breach of privacy suit filed against him by Steve Bing. Kerkorian claimed Bing was the father of Bonder's daughter, an allegation which was later confirmed by DNA paternity testing. On August 10, 2006, the Los Angeles Times reported that Kerkorian's attorneys were being sued by Bonder because of their connection to former high-profile private investigator Anthony Pellicano, who in 2008 began serving a fifteen-year prison sentence for running a wiretapping scheme. Bonder's attorney alleged that Kerkorian's lawyers hired Pellicano to wiretap telephone calls between him and Kerkorian's ex-wife in order to gain a tactical advantage in the divorce proceedings, an allegation that was later proven true.[50] Pellicano also took a strand of Bing's used dental floss (surreptitiously acquired from rubbish) and used it to prove that it was Bing and not Kerkorian who fathered Bonder's daughter. Attorney Terry Christensen was subsequently convicted of racketeering for hiring Pellicano to tap Bonder's phone, and received a three-year prison sentence that was confirmed on appeal.[51]
Kerkorian's short-lived fourth marriage (2014) was to Una Davis, born in 1966. The marriage lasted only 57 days and divorce proceedings were underway when Kerkorian died on June 15, 2015.[52]
The Lincy Foundation and philanthropic activities
Statue of Kerkorian in Gyumri
Kerkorian was active in philanthropy through his charitable foundation, The Lincy Foundation, named after his daughters, Linda and Tracy. The foundation reportedly donated more than $1 billion,[53] though Kerkorian never allowed anything to be named in his honor. The foundation covered half of the cost of an 80-kilometer highway in Armenia. Over the next decade, Kerkorian financed more than $200 million of infrastructure projects in Armenia, including $60 million to the reconstruction of schools and streets[54] and the renovation of many museums, theaters and concert halls.
The Lincy Foundation was dissolved in 2011 after 22 years of charitable activities[55] after dispensing its last $200 million to University of California, Los Angeles. Half was earmarked for medical research, scholarships and other projects[56] while the other half was earmarked to create the "Dream Fund" for charitable causes around the country.[57]
Estate
Most of the $2 billion estate was left to charity, with a three-person committee left to distribute the funds within three years.[58] In December 2018, the estate settled with his 4th wife for $12.5 million, along with $10 million and $50 million for two philanthropic foundations, advised by his 4th wife.[52]
Awards and recognition
Armenia issued a Kirk Kerkorian stamp in 2017. The city of Gyumri unveiled a statue of Kerkorian in 2018.[59]
Palermo, Dave (1997). "Kirk Kerkorian: The Reticent Billionaire". In Sheehan, Jack (ed.). The Players: The Men who Made Las Vegas. University of Nevada Press. pp. 159â166. ISBN 978-0874173062.
Rempel, William C. (2018). The gambler : how penniless dropout Kirk Kerkorian became the greatest deal maker in capitalist history. New York, NY, USA: HarperCollins. ISBN 9780062456779.
Further reading
Torgerson, Dial (1974). Kerkorian: An American Success Story. Dial Press. ISBN 978-0803744219.
Binkley, Christina (2008). Winner Takes All: Steve Wynn, Kirk Kerkorian, Gary Loveman, and the Race to Own Las Vegas. Hyperion. ISBN 978-1401302368.
George Clooney in ROseanne
https://www.youtube.com/watch?v=33mO5V29eug
https://www.youtube.com/watch?v=GrFZmlW6v-8Â
ROseanne Barr.. Valerie Jarett..
https://www.youtube.com/watch?v=tYGwgYeQXFI
2003
Nov 12, 2003 9:06pm PT
H'wood detectives operate in murky realm
By Jonathan Bing, Gabriel Snyder
https://variety.com/2003/biz/markets-festivals/sleuths-truths-1117895623/
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The grand jury probe of wiretapping activity by Hollywood private investigator Anthony Pellicano is putting a murky corner of the Hollywood legal world under sharp scrutiny.
Litigation is war in Hollywood. And the use of private investigators in civil litigation is common. Los Angeles County has 2,165 licensed P.I.s.
Pellicano came under investigation last year after an FBI raid uncovered computer files in his office indicated that he conducted extensive illegal wiretaps. Pellicano is under contract to publish a novel and write a screenplay for New Millennium Entertainment. Projects are likely to draw upon Pellicanoâs work for star clients like Michael Jackson, Roseanne Barr and Sylvester Stallone, though heâs not expected to name names.
Litigation attorney and private investigators have taken pains to distance themselves from Pellicano and the wiretapping allegations. While investigators are frequently enlisted to locate witnesses and do background research on individuals, lawyers and investigators emphasize that Pellicanoâs alleged illegal activities are not common practice.
âI was surprised at the suggestion that this sort of work is widespread in civil litigation,â said attorney Pierce OâDonnell. âI am not nor have I ever been a Pellicano user,â he added.
âItâs an embarrassment to the industry,â said Clarick George Brown, president of the California Assn. of Private Investigators. âIt doesnât happen frequently.â
Though Pellicanoâs alleged methods are said to be an exception, calling upon investigators is not uncommon in high-profile Hollywood cases. PIs were involved in the paternity suit between Stephen Bing and Kirk Kerkorian, which turned on a piece of Bingâs dental floss taken from his trash.
But in even more mundane, but nevertheless high-stake, Hollywood disputes, private investigators get work. For instance, when Ozzy and Sharon Osbourne were sued last year by a producer who claims he was cut out of their MTV show, they turned to San Francisco-based firm Palladino & Sutherland, which Bill Clinton had hired to investigate Gennifer Flowers, to look into the producerâs background. Because the suit is still pending, an attorney for the Osbournes declined comment.
Producers have also hired private investigators to surveil actors after they claim they are too sick to work â a popular contract negotiation tactic â so that if the situation goes to a lawsuit, there will be evidence of bad faith.
Though illegal wiretaps are beyond the pale in such situations, private detective work can veer into a legal gray area, especially in the area of surveillance â a business thatâs changing rapidly with the introduction of new telecommunications technologies.
âThe problem is you get these smaller mom-and-pop shops, and theyâll do anything for the business,â said New York-based investigator Bo Dietl.
Routine work
The risks of illegal wiretaps are huge. As well as being a felony, conducting a wiretap puts any judgment or settlement at risk of being overturned. After learning his phones had been bugged, a person could go back to court and urge the judge to toss out a settlement on the grounds it had been obtained under fraudulent means or to reopen a case, arguing that the outcome would have been different had there not been an illegal wiretap. And the victim of a tap could also seek damages for invasion of privacy and trespass.
In the face of such risks, litigation attorneys say they require detailed accounting of their private investigatorsâ activities even in the most routine liability and personal injury cases.
Attorney Bert Fields told Daily Variety last week that heâs been questioned by the FBI in connection with the grand jury investigation. According to published reports, producer Bo Zenga has testified before a grand jury that he was the subject of an illegal wiretap in connection with a breach of contract case he pursued against Brillstein-Grey involving profits on âScary Movie.â Fields served as attorney for Brillstein-Grey in that case.
Henry Kupperman, senior managing partner in charge of Kroll Associatesâ L.A. office, which has 50 investigators on staff, says his business has boomed in the last five years, with most of that growth coming out of what the industry calls âlitigation support.â
âWe do quite a lot of work in complex civil litigation and a fair amount in the entertainment industry,â he said. âA lot of times itâs finding witnesses who are not disclosed in the course of litigation. We do not do wiretaps, we donât go after people with baseball bats, and we make it very clear that we do things in a legal and ethical manner.â
Surveillance survey
Investigators point out there are numerous methods of surveilling clients without resorting to wiretaps. âThereâs no such thing as privacy,â said Bobby Buechler, a San Francisco-based investigator who worked for years for CBS, representing the network during the âInsiderâ case against Big Tobacco. But he added, âI donât know any attorney who would come to me and say I want you to break the law. Thereâs a certain type of investigator who would do that.â
âUnscrupulous PIs are like ambulance chasers,â said New York-based investigator Bill Stanton, who has also done work in L.A. âThey will go above and beyond whatâs allowed by the law.â
According to Stanton, wiretaps may be felonious but they are not difficult. âEvery apartment and every house has a phone junction where you can get to every phone line, sometime in the basement, sometimes in the parking lot. Theyâre usually protected by a $5 lock, and if youâre willing to break the law, it can be done very easily,â he said.
(Janet Shprintz contributed to this report.)
https://www.newyorker.com/magazine/2006/07/24/hollywood-ending
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Can a wiretap scandal bring down LA.âs scariest lawyer?
By Ken Auletta
July 17, 2006
Bertram Fields, who has a reputation as the most feared lawyer in Hollywood, does not often do lunch. He prefers to be driven in his Bentley Arnage from his law office, in Century City, to his Cape Cod-style home, in Malibu, where he prepares a salad, takes a twenty-minute nap, and has time to thinkâwhat he calls âwa timeâ (âItâs a Japanese expression meaning peacefulness of spirit,â he explains)âbefore returning to the city. But on a sunny day in April he agreed to meet at Spago, in the heart of Beverly Hills. This was particularly unexpected because, in the past several months, Fields has been the subject of much curiosity in Hollywood, where many believe that he is the central target of federal prosecutors in a wiretapping scandal that has obsessed the city. So, as Fields, a trim seventy-seven-year-old, walked swiftly to an outdoor table, people stared.
In nearly half a century, Fields has represented almost every studio head and some of Hollywoodâs biggest stars, including Tom Cruise, Michael Jackson, Warren Beatty, the Beatles, John Travolta, Madonna, Mike Nichols, and Dustin Hoffman. He has also represented Rupert Murdoch, the chairman of News Corp., and Steven Spielberg, David Geffen, and Jeffrey Katzenberg, the co-founders of DreamWorks SKG. His unwritten calling card says, not wholly accurately, âBert Fields has never lost a court case.â He has played much the same role in L.A. that the late Edward Bennett Williams did in Washington: clients come to him in the belief that, through skill or intimidation, he will make their legal problems vanish.
At Spago, Fields ordered a glass of Chardonnay and a Greek salad with chicken, which he ate very little of. Wolfgang Puck, the chef-owner, lingered at Fieldsâs table as he made the rounds. Half-glasses perched on the tip of his nose, Fields explained his approach to the law: âIf I were a general, I would attack, and keep pressing the attackâto throw the opponent off balance, to change the odds and make a settlement your way much more favorable.â When you attack, he says, âit forces the other side to think, Hey, I may lose this case. Letâs settle it.â But lately Fields has been following the advice of his own attorney, and has barely spoken to the press or gone on the attack.
Fieldsâs connection to what may turn out to be the biggest, and dirtiest, scandal in Hollywoodâs history is Anthony Pellicano, a rough-edged private detective whose involvement with Fields started some twenty years ago, and who is now in jail. Pellicanoâs troubles began where many Mafia tales end: with a dead fish. In this case, the fish appeared, in June of 2002, on the windshield of the Los Angeles Timesreporter Anita Buschâs silver Audi. The windshield was cracked; a rose was in the fishâs mouth, and a cardboard sign saying âStopâ had been placed over the glass. Busch had done a series of investigative stories about the movie industry, focussing on the former superagent Michael Ovitz; she was working on a story alleging that Mob money might have financed a Steven Seagal movie. Over the next few months, Busch told police, her parents felt threatened, her phone was tapped, her computer was hacked into, and someone tried to run her down. F.B.I. investigators later told her they believed that her chief pursuer was Pellicano.
In November, 2002, five months after the fish was found on the windshield, the F.B.I. obtained search warrants for Pellicanoâs office, and in his safe agents discovered explosives, two hand grenades, loaded pistols, and bundles of cash totalling about two hundred thousand dollars. After an investigation by the United States Attorney in Los Angeles, Pellicano pleaded guilty to illegal weapons possession, and in February, 2004, was sentenced to thirty months in prison. But the most significant discovery in Pellicanoâs office was said to be hundreds of hours of encrypted, illegally wiretapped conversations, and in February of this year Pellicano was indicted, along with six associates, on charges that included racketeering, wiretapping, bribery, destroying evidence, and perjury.
The federal indictment, which now lists a hundred and twelve counts, names many of the people who were wiretapped or under surveillance by Pellicano. The indictment doesnât identify any of his clients, but it is known that they included Ovitz; Brad Grey, the head of Paramount; and Ron Meyer, the president of Universal Studios, who, with Ovitz, was a founder of the powerful Creative Artists Agency. It is also known that no one used Pellicano more frequently than Fields and his law firm, and that puzzles even friends and former clients, like Jeffrey Katzenberg, who told me, âI cannot reconcile the Bert I know having anything to do with Pellicano.â
This spring, the U.S. Attorney seemed to be circling Fieldsââthe biggest name in town,â in the words of Laurie L. Levenson, a Loyola Law School professor and a former Assistant U.S. Attorney in Los Angeles. He is, she said, âsort of the giant in the field,â which makes him âmuch moreâ of a target.
Bert Fields has many talents besides the law. He has written two mystery novels, under the pseudonym D. Kincaid; a book about Shakespeare (âPlayersâ), in which he posits the theory that Shakespeare had a secret writing partner, probably the Earl of Oxford; and âRoyal Blood,â a revisionist study of Richard III. He is completing a biography of Elizabeth I. Fields is a rarity among entertainment lawyers because he also litigates, and his pugnacity frightens opponents. One Fields client says, âIf heâs on the other side, heâs a nightmare. Heâs going to make your life miserable. Someone who actually enjoys beating people up, thereâs something wrong with them. But when you hire a litigator you want a prick.â This quality is especially reassuring to clients who, as the producer and writer Norman Lear puts it, have a âneed for adulation.â John Calley, who has run three Hollywood studios, and who produced âThe Da Vinci Codeâ for Sony, says of the helping professionsâthe agents, managers, publicists, and lawyers who work for Hollywoodâs biggest namesâthat âit is in your interest to be able to seem to protect them from anything.â
The indictment of Anthony Pellicano is essentially about the use and misuse of information. The private eye, it states, was hired âfor the purpose of implementing illegal wiretaps,â and he shared the information he got with clients, who gained âa tactical advantage in litigation by learning their opponentsâ plans, strategies, perceived strengths and weaknesses, settlement positions and other confidential information.â Clients also gained âpersonal information of a confidential, embarrassing, or incriminating nature regarding other individuals.â
It is not unreasonable to suggest that seeking this sort of advantage is central to life in L.A. Doug Ellin, the creator and executive producer of HBOâs satirical âEntourage,â says that Hollywood is motivated in large measure by âthe power of knowing things before others do. The best thing you can do as an agent is tell your client something before someone else does.â Peter Bart, the editor-in-chief of Variety, who was once a top executive at Paramount, recalls, âIn 1970, I was suspicious that our phones at Paramount were tapped. I was right.â To this day, studio heads and agents often fail to announce that a secretary is listening to their phone calls and taking notes. âWhat did Mike Ovitz call his agents? Soldiers,â Colin Callender, the president of HBO Films, says. âItâs a war out there.â Or at least itâs thought to be, he says, by too many people.
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In Fieldsâs novels, his alter ego, an attorney named Harry Cain, relies on a disreputable private investigator to retrieve information. In real life, P.I.s locate witnesses, discover discrepancies in a rĂ©sumĂ© or in evidence, do background checks on companies or individuals, and discourage stalkers. âYou want to find out, if someone is suing your client, do they have a record of arrests?â Fields told me in the course of four interviews. âDo they have a record of immoral behavior? Have they been in litigation a lot? Sometimes you say, âI want surveillance on the opponentâfollow him.â â He added, âWithout question, tapping someoneâs phone line is not legitimate and proper.â In his novels, though, the private eye seems to obtain some information from wiretaps.
Fields first hired Pellicano in 1989, at the recommendation of the producer Don Simpson, whom Fields was defending against a sexual-harassment suit brought by a former assistant. Pellicano uncovered information about Simpsonâs accuser, including the fact that she had hired a male stripper for a party. Instead of addressing her charges, Fields questioned her character and credibility, and the revelations helped to get the case dismissed.
By that time, Pellicano was well known in Hollywood. In the early nineteen-eighties, he moved from Chicago to Los Angeles, where the attorney Howard Weitzman hired him to help defend John Z. DeLorean, the auto executive, who was charged with selling cocaine to finance his business. (Pellicanoâs information was used to challenge the accounts of prosecution witnesses; DeLorean was acquitted.) Roseanne Barr paid Pellicano to find a daughter she had put up for adoption, and his clients eventually included Simpson, Sylvester Stallone, Kevin Costner, and James Woods. Fields called on Pellicano again in the early nineteen-nineties, when George Harrison was receiving threatening letters from someone on the East Coast. Fields says that Pellicano found the letter writer within forty-eight hours. âIt stopped,â he told me. âI thought it was extraordinary. It was one of the reasons that I used him after that.â
Fields had been recommended to Michael Jackson by David Geffen and Sandy Gallin, Jacksonâs manager, in 1990, and in 1993, when Jackson faced charges of child molestation, Fields recommended Weitzman and Johnnie Cochran as criminal-defense lawyers. He also brought in Pellicano, who unearthed embarrassing information about the family of the thirteen-year-old accuser; the family and Jackson eventually reached a settlement.
Pellicano became a recurring character in L.A. newspaper stories, and appeared to enjoy the attention. An unsmiling, burly man of medium height with a pasty complexion and slicked-back, thinning gray hair, he wore tailored double-breasted suits, patent-leather shoes, and sunglasses, chewed Chiclets, and volunteered very little. He had more than once brandished a baseball bat, and when callers to his office were placed on hold they heard music from âThe Godfather.â âI always start out by being a gentleman,â he liked to say. âI only use intimidation and fear when I absolutely have to.â One Christmas, Pellicano sent out baseball paperweights with the inscription âSometimes . . . you just have to play hardball.â
Pellicano made Entertainment Weeklyâs 1993 annual Hollywood power list, ranking ninety-sixth out of a hundred. He often appeared as an expert witness, particularly as someone who could decipher tape recordings. In 1996, Steven Gruel, as an Assistant U.S. Attorney, used Pellicano as an independent expert to authenticate F.B.I. evidence. âHe was the best witness I ever had,â says Gruel, who last year went into private practice in San Francisco and today is Pellicanoâs lawyer. Pellicano even interested HBO in a series based on his work as a private investigator. He enlisted the director William Friedkin and the head of the William Morris agency, Jim Wiatt, who persuaded Brad Grey, the executive producer of âThe Sopranos,â to take the idea to HBO, which eventually decided against developing it.
Over the years, Pellicanoâs relationship with Fields became increasingly close. When Pellicano celebrated his fiftieth birthday, in 1994, in Las Vegas, Fields and his wife, the art consultant Barbara Guggenheim, were among the guests. One could imagine that Guggenheim, the daughter of a dress-shop owner in Woodbury, New Jersey, who has a Ph.D. in art history from Columbia, was not entirely comfortable in those surroundings, but she still affectionately refers to âAnthony.â Attending was a matter of loyalty, Fields told me: âHe was a guy who was sort of appealing in the sense that he was struggling to make a living and was very good at his job.â
Pellicano, who has been married five times and has nine children, was driven by family pressures to cultivate new business. Harland W. Braun, a criminaldefense attorney, told me that when Pellicano first came to town he called âand implied that he was connected with the Chicago Mafia.â Braun went on, âHe also acted as if he were connected to law enforcement. Heâd leave a message on the answering machine: âIf you donât call me back, Iâm going to have the Beverly Hills police arrest your client.â â The lawyer Pierce OâDonnell remembers thinking, after Pellicano visited him in his office, âHeâd do whatever he needed to do to satisfy the needs of the lawyer or the client.â
It was no secret that Pellicanoâs past was disreputable (in 1976, he was forced to resign from the Illinois Law Enforcement Commission after reports that he took a thirty-thousand-dollar loan from the son of an Illinois mobster) and that his methods could be rough. In 1993, a front-page story in the Los Angeles Timesexposed Pellicanoâs alleged Mob links in Illinois and the way he sometimes physically intimidated those he investigated; he promised clients that he would âmake their tormentors âremember why theyâre afraid of the dark.â â Other press accounts in the nineties included the suspicion that Pellicano wiretapped on behalf of his clients. Adam Dawson, a Los Angeles private investigator, says that most of the criminal attorneys he works for âwouldnât touchâ Pellicano, because âthey felt uncomfortableâ with him.
When I suggested to Fields that even his friends were puzzled by his association with the detective (I used the word âthugâ), Fields replied slowly, saying, âI never knew him as a thug. I never saw an instance of Anthony hurting anybody or really threatening anybody.â As for the Times story about his Illinois Mob ties, Fields said, âIâm not sure I read it,â and he said that he didnât recall ever seeing a bill from Pellicano or asking for an explanation of his charges. He explained that Pellicano probably called his assistant and âtold her to send the bill to the client.â Of all the investigators he retained, Fields added, Pellicano was the best. âHe came up with stuff that other people didnât. He did that over and over again. He was just better. . . . I donât know how he did it. It certainly wasnât wiretapping.â Fieldsâs law partner Bonnie E. Eskenazi says that Pellicano did not tell her and Fields how he retrieved his often âfantasticâ information. âAnd I didnât tell him how I practice law.â Eskenazi also said, âAnthony reminded me of some of my dadâs friends on Long Island. A lot of my dadâs friends would talk big on the outside but be soft on the inside.â
Fields has been under intense scrutiny in the three years since Pellicanoâs conviction on the weapons charge; he was interviewed by F.B.I. agents in the spring of 2003. Yet Fieldsâs lifeâoutwardly, at leastâdoesnât seem to have changed much. His only child, James, a New York investment banker, says, âHeâs not going to let whatâs going on affect him.â Fields and Guggenheim still get up at 5:30 a.m. and read the newspapers. Fields rarely eats breakfast, but if heâs hungry, Guggenheim says, he sometimes pours a Diet Coke over a bowl of cereal. At the end of the day, they relax with a glass of wine, and he will often prepare an incendiary Mexican dinner.
At the ninety-lawyer firm of Greenberg, Glusker, Fields, Claman & Machtinger, Fieldsâs office occupies a corner on a high floor with panoramic views of Los Angeles. Papers are piled on his desk, and cartons of transcripts litter the floor. Clients, who pay nine hundred dollars an hour, enter through a conference room darkened by closed walnut shutters and a deep-burgundy rug, which convey the sort of intimacy one associates with a psychiatristâs office. Fields is a practiced listener. An air of informality is heightened when, almost like Mr. Rogers, Fields removes his suit jacket and puts on a cardigan. His of-fice dĂ©cor includes an oil painting of George Washington, a woodcut of a Japanese samurai, and a bronze bust of the matador Manolete, who was fatally gored by a bull in 1947. Fields has it as a reminder, he says, that he wants to get âcloser and closer to the horns of the bull. You get a kick out of defying fate.â
Fieldsâs manner is reserved and gentlemanly, but not avuncular; he offers no pats on the back, no jokes, no gossipy digressions. His graying black hair is neatly trimmed and he appears to be extremely fit. âBecause heâs always very calm, you never, ever feel in your professional dealings with him that heâs not in control,â the retired agent Sue Mengers says. âThe first time I hired him, I had never had a lawyer. Everyone was saying, âItâs time you stopped negotiating your own deals.â I was like a pussy. The reason I went to Bert Fields was that so many powerful guys knocked him. If they hated him so much, I figured that was the guy I wanted.â
Fields likes to make surprise attacks. He launched one against Barbara Chase-Riboud in 1997, after she filed a ten-million-dollar lawsuit accusing DreamWorks of using material from âEcho of Lions,â a novel that she published in 1989, for âAmistad,â a movie directed by Steven Spielberg. ChaseRiboud demanded a screen credit and a payment (which she called âreparationâ) and asked that her book be brought back into print. Appearing on CNN with Chase-Riboud, Fields said, âWe have looked at another book she wroteââher 1994 novel âThe Presidentâs Daughter.â âWe found a passage that is identical to an earlier book.â
âSo youâre claiming that Barbara is a plagiarist?â the CNN anchor, Mercedes Woods, asked.
âIâm not using the word.â
âThatâs what youâre claiming,â Woods insisted.
Pierce OâDonnell, whose firm represented Chase-Riboud, and who is a friend of Fields, says, âI took him to task privately afterward. I thought he was a little rough on Barbara.â Fields explains, âYou have to draw a distinction between what I will say to the press and what I would say in court. When Iâm talking to the press, I may be much more dramatic.â A court, on the other hand, âis a temple.â (The two sides settled out of court.)
Fields is known for sending letters hinting at legal action if the recipient does not alter course. When he learned that the New York Postâs Page Six was preparing an item on Spielberg and Tom Cruise, he wrote to the editor:
We have received word that you are planning a report that Steven Spielberg was upset with Tom about Tomâs speaking out about his views on childrenâs use of drugs . . . and that now they are not speaking to each other. . . . Each of these statements is absolutely and demonstrably false. Steven is not upset with Tom. . . . Tom and Steven remain close friends and are looking forward to working together again.
Nevertheless, Page Six reported that Spielberg was furious with Cruise because, during a promotion tour for their movie âWar of the Worlds,â Cruise had been ârantingâ against âthe widespread use of Ritalin to treat unruly children diagnosed with Attention Deficit Disorder.â Spielberg was reportedly upset because he knew children for whom âRitalin does a lot of good,â and because Cruise, who is a Scientologist, âplayed up Scientology more than the movie during press interviews.â
According to two close friends of Spielbergâs, Page Six was accurate, although the item did not note the real source of Spielbergâs anger: after he mentioned to Cruise the name of a doctorâa friendâwho prescribed Ritalin, the doctorâs office was picketed by Scientologists. When I asked Fields if Cruise had revealed the name of Spielbergâs friend to Scientologists, he said only, âI wouldnât have said what I said without checking with Tom. I donât know that I talked to Steven, who Iâve represented.â
In a courtroom, Fields never raises his voice. âA jury doesnât want some guy shouting at them,â he says. âEven when you think the other side is a scumbagâit doesnât win you points.â He has sometimes listened to John Philip Sousa marches before heading to court. âThey get me fired up,â he once told his friend Mel Brooks.
Fieldsâs courtroom tactics were apparent in 1999 in the case he brought against the Walt Disney Company on behalf of Jeffrey Katzenberg. In 1994, Katzenberg was forced out as chairman of Disneyâs movie division, and he later sued Disney for more than two hundred and fifty million dollars in bonuses that he said were due under his contract. Disney did not dispute that Katzenberg was owed somethingâhe had already received severance payments totalling a hundred and seventeen million dollarsâbut Fields argued that Disneyâs chairman, Michael Eisner, had arrived at the lower figure solely because of personal animus toward Katzenberg.
Fields and Eisner had been on opposing sides in court more than once and obviously were not fond of one another. At one point, Eisner had let it be known that Disney would not do business with anyone who retained Fields (the edict was soon rescinded). Fields had publicly boasted that he had represented every studio but Disney; when, in 1998, Eisner hired a new counsel, Fields wrote to Eisner, âI want to congratulate you on the selection of Lou Meisinger as your new General Counsel. Lou is a man of extraordinary skill, intelligence, and judgment. Every once in a while you do something right.â
At the Katzenberg trial, with Eisner on the witness stand, Fields bore in, referring to conversations between Eisner and the co-author of his 1998 autobiography, Tony Schwartz:
Q: Did you tell Mr. Schwartz that you hated Mr. Katzenberg? A: In one conversation when he pushed me on a series of things that Mr. Katzenberg had done, I didâI did say that. Q: You said, âI think I hate the little midgetâ? A: I think youâre getting into an area thatâthatâI just want to say that is illadvised . . . and if you pursue this line of questioning, it will put in the public record those things that I think are not necessary to be in the public record. Q: And did you say to Mr. Schwartz, âI donât care what he thinks, I am not going to pay him any of the moneyâ? A: I would say again, in anger I said that.
Soon after Eisnerâs testimony, the company agreed to pay Katzenberg more than two hundred and fifty million dollarsâat the time, according to Variety, âmore than triple the amount ever given to an individualâ in a Hollywood lawsuit. Katzenberg recounted for me how Fields prepared him for cross-examination: âHeâd say to me, âA great wordsmith, a great interrogator, a really great litigator, can get a witness to say what he wants him to say.â He would do an exercise with me in which he would tell me that he was going to get me to admit to jaywalking yesterdayâsomething I hadnât done. He then proceeded to get me to admit it was at least possible I might have done it. He managed to get Michael Eisner to threaten him from the stand.â
Although Fields encourages the impression that he has never lost a case, the assertion is dubious. He estimates that ninety per cent of his cases are settled before they go to trialââOtherwise, Iâd be in court every dayââbut not all are settled in his clientsâ favor. For instance, he represented Madonna when, in 2004, she and the Maverick Recording Company, which she co-owned, brought a breach-of-contract suit against Warner Music. Fields sought two hundred million dollars and settled for ten million.
An attorney who has been both an ally and an opponent of Fields in court thinks that Fieldsâs aggressiveness âso pumps him up that sometimes he takes noisy public positions that make it hard for him to easily extricate himself without losing face.â In Hollywood, where entertainment lawyers often have clients on both sides of the table, a lawyer typically seeks what is referred to as âa win-win situation.â Susan Estrich, who teaches law at the University of Southern California and is a family friend, says, âHis attitude is you protect your client. Bert doesnât play social games. Heâs not out schmoozing. Thereâs no legal, legitimate, ethical tactic he wonât use to protect you.â Some people, including Fieldsâs friends, believe that this sort of determination is what propelled him to hire Pellicano.
In June, in his first press interview in three years, Pellicano told the Los Angeles Times that Fields was âMr. Straight Arrow. My God, I donât think Iâve even heard him curse in the entire time Iâve known himâlet alone say, âHey, Pellicano, I want you to go out and do this or do that.â â Yet even some of Fieldsâs friends believe that he either knew the private detectiveâs methods or deliberately avoided knowing. Fields used to say of Pellicano, âI got my guy on it,â one prominent friend recalls, adding, âIt appeals to those in show business to talk about a Pellicano as if he had âconnectionsâ or extra-special power.â In Fieldsâs most recent novel, âThe Lawyerâs Tale,â Harry Cain asks his private eye to dig up dirt on an opponent. Harry âdidnât want to commit extortion if he could avoid it,â Fields writes. âBut he had to get a message to [the opponent] that would change his mind.â
Bertram Harris Fields was born on March 31, 1929, the only child of Mildred Arlyn Ruben, a former ballet dancer who read the Wall Street Journal and the Daily Worker, and Maxwell Fields, an eye surgeon in Los Angeles whose patients included Groucho Marx and Mae West. His mother, Fields says, âhad a fierceness in her. She felt strongly about ideas. She was not a person who easily saw the other side of an idea.â His father, who in his early forties abandoned his practice to join the Armyâa decision that Fields still recalls with reverenceâwas âvery articulate, very rational,â Field says, and he believes that he was shaped by that as well as by his motherâs fiery stubbornness.
His parents foughtââHe was not faithful. She knew it,â Fields saysâand, at the age of eight, Bert was sent to live with an aunt in San Francisco for six months. In high school, while his father, still in the service, was based in Las Vegas, he was sent back to Los Angeles to live in a boarding house. âI earned money as a caddy,â Fields remembers. âI pressed my own pants and shirts. I was poor. It made me more independent than I might have been. It made me perhaps yearn for family more. Those were very lonely times.â He enrolled at U.C.L.A. His father wanted him to be a doctor, but he decided to be a lawyer and was accepted at Harvard Law School. After graduation, he married Amy Markson, a college sweetheart, and joined the faculty of Stanford Law School, hoping to avoid military service. In 1953, when he lost his deferment because of the Korean War, he volunteered for the Air Force. For the next two years, he served as a prosecutor and a defender in the Judge Advocates Division. In 1955, the year that James was born, Fields went to work as a litigator for a Beverly Hills law firm, where he was asked to handle the divorce of a fashion model, Lydia Menovich, a five-foot-eight-inch beauty. Friends saw Lydia as an unpretentious Auntie Mame character; when she met Mel Brooks, she badgered him to marry her best friend, Anne Bancroft. Fields fell in love with his client, and they were married in 1960, two years after they met.
Fields did a little acting, appearing in an episode of âDragnetâ when his client Jack Webb cast him as a prosecutor. He became the lawyer for celebrities like Jeanette McDonald and the producer Mike Todd and young performers like Peter Falk and Elaine May. Some of his cases have become part of Hollywood loreâfor instance, Edward G. Robinsonâs divorce, in which there was an impasse over a collection of Impressionist art that Robinson wanted to sell and that his wife wanted to keep. Fields arranged for the Los Angeles County Museum to take the paintings on loan, and to remove them late at night. âWe had the idea that if we could get the paintings out of the house, she would finally relent and allow Eddie to sell the collection,â Fields recalls. In the end, she gave in.
Fields formed an important alliance in this period with Michael Ovitz. âWhen I started C.A.A., in 1974,â Ovitz recalls, âI asked friends of mine who the meanest and nastiest litigators are in L.A.âwho do I have to look out for? Two names came back.â One of them was Fields. Recalling their first meeting, Fields says, âI found him very bright.â After the meeting, Ovitz told Fields, âIâd like to pay you one dollar a year not to sue me.â Over the years, Fields sent clients like Dustin Hoffman to Ovitz, and Ovitz directed clients to Fields. Until 1995, Ovitz says, when he left the agency business to become a Disney executive, âwe probably talked two, three times a week.â
If one case established the Fields âbrandââthe idea, as David Geffen put it, that âyour lawyer will do anything for youââit was the fate of Elaine Mayâs movie âMikey and Nicky,â in the mid-seventies. Paramount insisted that the film was late, and that May was in violation of her contract and had to turn over the movie. Fields countered that Paramount had granted an extension and that May had âfinal cut.â A court ordered May to give up the work print to the studio, but the only extant copy had mysteriously disappeared. May and Fields professed ignorance about its whereabouts.
But certain facts could not be expunged from the record: The day before the print vanished, Fields telephoned May, who was in New York, and urged her to give the editing staff the day off; and he told her to ask no questions and leave town for the day. Then, just about the time that the print went missing, Fields, who was also in New York, got on a plane back to Los Angeles. The studio charged that Fields and May were in contempt of the court order, but any delay meant added expense, and Fields made an offer: If the negative were to reappear, and May was allowed to make her final cut, perhaps the studio would drop the case? As for what actually happened, Fields says, âI will not go into who did what.â May says, âHe was what you always thought Perry Mason was. He did everything, and he did it without pay because I had no money. I paid him, finally, a year later, but he didnât know I would.â
The director Mike Nichols speaks of Fields as if he represented the dispossessed: âHereâs why so many people love Bert. He took the side of Elaine versus a gigantic studio. Unlike a lot of people in Hollywood, he chose Elaine. She had nothing but her talentâand being very cute! He has often been a champion of the weaker. Heâs not in the back pocket of the studios or anyone.â
Fields says that most of the cases and events depicted in his novels are true. In âThe Lawyerâs Tale,â published in 1992, Harry Cainâs wife dies of cancer. LydiaâFieldsâs âsoul mate,â as his son describes herâhad died of lung cancer in 1986. For nearly two years, Fields was consumed by the effort to save her life. Ovitz, who was the chairman of the board of the U.C.L.A. Medical Center, persuaded the dean of the medical school to oversee Lydiaâs treatment. Fields recalls that his friend and client Warren Beatty, a famous hypochondriac and amateur medical expert, became like âanother doctor.â Fields still keeps Lydiaâs ashes and photographs of her at an apartment he has in West Hollywood Hills.
For the next five years, Fields spent much of his free time with Beatty, who was not then married. âWarren did something for Bert none of us with families could do,â Ovitz says. âHe hung out with him.â Ovitz had tried to set up Fields with his close friend Barbara Guggenheim, who had worked as an art consultant for Ovitz and for Hollywood clients like Ray Stark, Candy and Aaron Spelling, and Sylvester Stallone. Fields, who disliked blind dates, didnât call her, but business brought them together in 1989, when Stallone sued Guggenheim, for five million dollars, for urging him to buy a painting by the nineteenthcentury French artist William-Adolphe Bouguereau that he later contended had been damaged and restored. Guggenheim, a slim, tall woman who has silver-gray hair pulled back in a ponytail, had dated a succession of men but never married. She met Fields in New York in January, 1990, and they were married in 1991. Like Lydia, Barbara became her husbandâs sole confidante. âBertâs not close to anyone particularly,â Guggenheim told me. âHeâs always more comfortable talking to me than to men about personal stuff. Heâs not interested in golfing with the boys or taking white-water-rafting trips.â She says that she understands why he still cries when he thinks about his second wife, and why he keeps her ashes. âHe wouldnât have been who he is without her,â she says and adds, with a smile, âHeâs a well-trained husband. Iâm grateful.â The Stallone lawsuit was settled soon after Fields let it be known that the actor would face a brutal cross-examinationâwith the implication that it would embarrass Stallone. âShe didnât pay a dime!â Fields told me.
Fields and Guggenheim have five homesâin L.A., New York, Mexico, and France. Some old friends believe that Fields became more status-conscious after he met Guggenheim. They point to the Bentley Arnage, which cost almost a quarter of a million dollars; to the fact that both have had cosmetic surgery; and to their posing in formal dress on the beach in Malibu for a 1993 profile in Vanity Fair. (Two muscular young men hold a golden frame, and in the center of the frame Bert is dropping to one knee and kissing Barbaraâs hand.) Fieldsâs office contains no trophies from past battles, no autographed pictures from celebrity clients, but his novels burst with self-satisfaction. In âFinal Verdict,â his first novel, a grateful client says about Harry Cain, âHarry, Iâll never forget it, never forget what youâve done for me. Fucking, stinking genius, the greatest fucking genius in the world. You can take your Ed fucking Williams and your Mel fucking Belli and shove âem.â
James Fields, who is a senior managing director at the Blackstone Group in New York, says of his father, âWinning is one of his defining characteristics. He must do the best he can to beat the other guy. Everything is him versus the opposition, a chess match.â Barbara Guggenheim adds, âHe started playing tennis at the age of sixty with me. If you look at tennis as a metaphor for life, he dives for every ball. Iâve taken him to the hospital with injuries.â In âThe Lawyerâs Tale,â Fields describes on different occasions how Harry Cain feels after a victory. He feels âthe incomparable high of winningâ; and again, âthe incomparable high of winningâ; then the desire for âwinning one more timeâ; âthe orgasmic thrill of winningâ; and, finally, the âfeverish hunger to win.â
Three years ago, federal prosecutors informed Bert Fields that he was âa subjectâ of their widening investigation in the Pellicano wiretap case. According to Justice Department guidelines, âa subject [is] a person whose conduct is within the scope of the grand juryâs investigation,â while a âtargetâ is a person about whom prosecutors have gathered âsubstantial evidence linking him/her to the commission of a crime.â Since a subject is only a step removed from a target, and since Fields was the only client of Pellicanoâs to volunteer to reporters that he was a subject, he invited speculative press stories that he was the âbig fishâ prosecutors were pursuing. Soon after Pellicano went to jail, vowing never to coöperate with the government, Fields (joined by Universalâs Ron Meyer) offered to raise money for the education of Pellicanoâs children. âThereâs nothing sinister about that,â Fields told me. âI would think that people who had used his services would want to take care of his kids.â But most of the private detectiveâs former clients declined to participate, and, in the end, Pellicano publicly refused to take money from anyone. A grand jury has been impanelled since February, 2005, but Fields has never been summoned to testify, which could suggest that the prosecution case is weakâor that the prosecutor and the grand jury are just accumulating evidence.
While Pellicano is serving his sentence for weapons possession, federal prosecutors are focussing on who knew about his illegal wiretappingâone of several crimes allegedly committed by Pellicano as part of what the government called a âcriminal enterprise.â The investigation is being led by Assistant U.S. Attorney Daniel A. Saunders, a forty-three-year-old Princeton graduate who once wanted to be an actor. Saunders has restricted information about the inquiry to a handful of associates; he refuses to give interviews, and reporters have told me that the prosecutors are not leaking stories to them. The sole exceptions I could find came earlier this year, when a story saying that Steven Seagal was not a suspect in the threats against Anita Busch was attributed to the U.S. Attorneyâs office, and when it was revealed that Fieldsâs law firm would not face indictment.
âThere are three universes of knowledge about the case,â Henry Weinstein, a Los Angeles Times legal writer, says. âThe first is law enforcementâthe U.S. Attorneyâs office, the F.B.I., and the District Attorneyâs office, which is engaged with the Anita Busch case. Then, there is a parallel universe of all the people who were allegedly wronged by Pellicano.â These people usually view the case through a narrow keyhole, as does âthe third universe of knowledge, the defense lawyers.â The gaps are filled by rumors, which occasionally reveal a factâfor instance, that two C.A.A. agents were interviewed by F.B.I. agents because they had been wiretapped. That, in turn, increased speculation that Ovitz had hired Pellicano to investigate his former firm. The level of rumor about the scandal is extraordinary, even by the standards of a city in which gossip is the currency of social discourse. Thom Mrozek, the press officer for the U.S. Attorneyâs office, says that earlier this year he was receiving between thirty and forty calls and seventy e-mails each day about the case from the press. The New York Times has two reporters assigned to covering it, and the Los Angeles Timeshas three. âI donât think Iâve been to a dinner or a lunch where it hasnât come up,â Arianna Huffington, who writes and edits a popular blog and is a friend of Fields, says.
This is unsurprising, since Hollywood is ultimately talking about itself. It was known, for instance, that Pellicano had been retained to work for Tom Cruise to suppress possible tabloid stories during his divorce from Nicole Kidman; for the comedian Chris Rock in a paternity lawsuit against a Hungarian model; for Mike Myers in a dispute with Universal; and for Michael Jackson. Was it possible, people asked, that celebrities were also a target of the prosecutors? And although the names of such powerful non-celebrities as Fields, Ovitz, and Grey do not appear in the February indictment, Fields represented Grey in contract disputes with the comedian Garry Shandling and the producer Bo Zengaâboth of whom were listed as victims of wiretaps.
Grey told the New York Times in March that he was only âcasually acquaintedâ with Pellicano, but F.B.I. documents seemed to show, according to the Times, that Grey âlearned information about [Zenga and Shandling] directly from Mr. Pellicano.â Greyâs attorney, Ron Olson, told me that anything Pellicano may have learned was given not to Grey personally but to the Fields law firm. âAt no time was Mr. Grey aware of wiretaps or any other illegal activity used by Anthony Pellicano in his investigation,â Olson added.
The first major Pellicano client to be indicted was Terry Christensen, a member of the Hollywood legal establishment. Christensen had worked for the billionaire Kirk Kerkorian for thirty-five years; the charges related to work he did on Kerkorianâs behalf in a battle over child support. The indictment alleged that Christensen paid Pellicano a hundred thousand dollars to bug Kerkorianâs ex-wifeâs telephone, and it quoted from what appeared to be taped conversations between Christensen and Pellicano, during which Pellicano advised the lawyer, âBe very careful about this because there is only one way for me to know this.â The next to be charged was John McTiernan, the director of such blockbusters as âDie Hardâ and âThe Hunt for Red October.â It was alleged that McTiernan, who has since pleaded guilty, lied to F.B.I. agents when asked if he knew that Pellicano had wiretapped a producer. The clear implication was that Pellicano had taped both Christensen and McTiernan. Perhaps, some speculated, he taped all his clients. To date, fourteen people, including two police officers and two telephone-company employees, either have been indicted or have pleaded guilty.
The U.S. Attorneyâs office, with help from intelligence specialists, tried to decrypt tapes that Pellicano had told his lawyers could not be decrypted. In court in March, Assistant U.S. Attorney Saunders predicted âone further superseding indictmentâ by mid-April, which heightened speculation that his office was putting new pressure on Pellicano to talk. Pellicanoâs attorney, Steven Gruel, told me, âHe will not provide the government with that gift. He is not a rat,â and in June Pellicano told the Los Angeles Times, âMy loyalty never dies.â Even if Pellicano did coöperate, his testimony might not prove that his clients were aware of illegal activities. âHeâd be worthless as a witness, unless you had a tape,â the attorney Harland Braun says. âI donât think you could convict anyone based on Pellicanoâs word.â In mid-June, the government admitted that it had not succeeded in its attempts to decrypt all the secret tapes. And though on May 22nd Saunders said, âWe do anticipate bringing additional charges,â he still has not produced another major indictment.
After Fields, the Pellicano client who captured Hollywoodâs attention most intensely was Michael Ovitz. In 1998, a couple of years after his miserable time at Disney, Ovitz launched Artists Management Group, a com-pany that many at C.A.A., his original agency, believed was like a father competing against his children. C.A.A. agents joined his many enemies. The press chronicled the ways in which his new company was failing. According to the New York Times, Ovitz told the F.B.I. that he paid Pellicano seventy-five thousand dollars to investigate two C.A.A. agents and, among others, his former partner Ron Meyer, David Geffen, and the reporters Anita Busch and Bernard Weinraub, then with the New York Times, who were allegedly harming his ability to sell Artists Management Group. When Ovitz appeared before the grand jury in the summer of 2005, he denied knowing about Pellicanoâs illegal activities.
Ovitz works in a one-story concrete buildingâa former film-production studioâthat sits like a bunker on a quiet Santa Monica street. Exposed pipes traverse the high ceiling; a collection of contemporary German art fills the walls. When he worked in Beverly Hills, at the I. M. Pei-designed C.A.A. headquarters that he commissioned, he wore charcoal suits, white shirts, and HermĂšs ties. One day in May, he greeted me wearing a black Nike T-shirt, jeans, and gray sneakers without socks; his chestnut hair nearly touched his shoulders.
Ovitz, who refuses to discuss his current activities in any detail, has about fifteen employees, who manage his art, his business ventures in real estate and finance, and a Japanese restaurant he owns, Hamasaku, in West L.A. He plans to open another restaurant later this year. One of his attorneys, James Ellis, joined us in Ovitzâs office.
âI donât think anybody knew what this guy was doing, because this guy traded in information,â Ovitz said of Pellicano, picking up a basketball and pacing slowly. âThatâs what he did. I used to watch Perry Mason reruns all the time. There was this guy whoâs a private detective, Paul, and he always came in at the last minute and slipped a note to Perry Mason in court at the most critical time. So now I say to myself, âLetâs see here, did Perry Mason ask Paul how he got that information?â Donât think so. âDid Paul get it all legally?â Donât know. âWas it just a blank slip of paper?â Probably. Thatâs more than I ever got. But, whichever it was, it sure seemed to save the day for poor Perry.â
Ovitz said that he couldnât speak for others, but that Pellicano âdidnât produce anything for us to even ask about. The lawyers hired him. We got nothing, zippo.â Ellis added, âWe asked for a refund.â Ellis and Ovitz declined to say what they wanted to learn from Pellicano, or whether Ovitz had hired Pellicano to pursue Anita Busch. As for the stories about Pellicanoâs ties to Illinois mobsters, Ovitz said that he never saw them. âTo meâthis is going to sound really stupidâbut the couple of times I met him he seemed really out of shape. He was just a regular-looking middle-aged man. He didnât look like those imposing guys on âThe Sopranosâ or in âThe Godfather.â â
Press accounts have suggested that Ovitz is being investigated in the wiretap scandal. Ovitz says that the stories about him âare basically not accurate.â The one âarticle that surprised me was the Ron Meyer article,â he said, a reference to a New York Times story saying that Meyer had visited Pellicano in prison and âurged Mr. Pellicano to âdrop a dime onâ Mr. Ovitz.â Nothing, he believes, could have justified his former partner in urging Pellicano to claim that he had done something criminal. Ovitz insisted that he had no idea what his legal situation was; Ellis said that Ovitz was âa potential witness,â but suggested that he was neither a subject, like Fields, nor a target.
Ovitz and his lawyers are aware that he still has enemies in Hollywood. âI think that what Iâve learned at this stage of my life is that if I could do it again Iâd absolutely do it differently,â Ovitz says. âBut being in the agency business and starting a business at age twenty-six and building everything from scratch, I was as tough as I felt I needed to be, and probably tougher than I should have been.â Hatred of Ovitz seems undiminished by time. One major Hollywood figure says, âIf Ovitz gets indicted, there will be parties. It will be the end of a Shakespearean tale.â
In May, at a club in midtown Manhattan, Bert Fields hosted a book party for Kathy Freston, whose husband, Tom, is the C.E.O. of Viacom. At the partyâBarbara Guggenheim and Rupert and Wendi Murdoch were among the co-hostsâone guest murmured about Fields, âIâm amazed he came.â But if Fields is suffering from having been a subject of federal interest since 2003, heâs not letting onâat least, not publicly. Gustavo Cisneros, a friend of Fields who is the chairman of a privately owned media conglomerate, recalls phoning him this spring to inquire how he was. âGustavo, donât be concerned,â Fields responded. It was the last they spoke of the case. Susan Estrich (Guggenheim and Fields are the guardians for her two children) says itâs âa disgrace the way his name has been dragged through the mud.â Estrich, a Democratic activist and occasional television pundit, has gone so far as to wonder whether pressure from conservative Republicans is animating the drive to get Fields and also Hollywood.
Fields is more circumspect. When asked if it frustrates him to be silenced, he says, without hesitation, âOh, yeah. If it were a case that I was trying, Iâd be all over the press, all over everything. Thatâs my style. But I have very good counsel in this case, and Iâm going to follow him.â As for the specifics of the case, Fields wonât go beyond his public comment, which is that he had âno knowledgeâ of wiretapping and would never condone it.
There is a five-year statute of limitations for wiretapping crimes, and for some of the cases in which Fields may be implicated the limit was due to expire in March. At the request of the U.S. Attorney, he has three times consented to extend the deadline. For a prosecutor, it means more time to gather evidence; for a potential target who wants to avoid the ruinous spectre of an indictment, it shows a willingness to coöperate. In early May, Fields believed that the case would either collapse or lead to formal charges by the end of that month. In mid-July, though, he said that he still wasnât sure of his status; his lawyer, John Keker, who had been talking regularly with prosecutors, had not heard from the government since May 3rd.
âThe first time the F.B.I. came to my office was three years ago,â Fields told me. âI talked to the agents voluntarily. I had nothing to hide. For the succeeding three years, Iâve been a subject of their inquiry. Itâs very hard on my wife. When the United States government says to you, âWe think we may have evidence to put your husband in jail for a long, long time,â to a woman who loves her husband thatâs a frightening, horrible concept. How would she not be tortured by that?â
We were in Fieldsâs house in Malibu, sitting in the dining alcove, which also serves as the entrance foyer, and one could see Fieldsâs reflection in a mirror that covers one wall. âI donât pretend itâs easy,â he said, âbut when you saw this lovely woman youâve been married to for twenty-seven yearsââhis voice brokeââslowly die of cancer, nothing after that is hard. This is easy compared to that.â His eyes filled with tears.
When I asked Fields if he had learned anything from this ordeal, his reply seemed somewhat labored. âI have to go back in time to answer that question,â he said. âWhen I was in the service, I prosecuted high-profile military cases. I had the attitude of a prosecutor: I wanted to get these people and convict them because I was convinced that they had betrayed their trust as officers or airmen. I felt imbued with a spirit of defending the country. So I understand what the mentality must be of a young prosecutor, having been one myself. But having now seen what itâs like to be on the other end of that huge force that is the United States government when one is not guilty, it brings a kind of sense of completion to my understanding of the criminal process. By that I mean I saw what it was like to want to convict as a prosecutor, and I see what it is like to myself and my family and my partners to be accused of something I didnât do, and to have to fight the power of the United States government.â
Fields insists that he has no idea where the contents of Pellicanoâs safe will lead, but his firm hired the private detective in six of the cases referred to in the indictmentâmore than any other firm. Fieldsâs firm also encouraged a prominent art collector and hedge-fund manager, Adam D. Sender, to hire Pellicano, and the New York Timesreported on June 26th that Sender listened to illegal wiretaps and is now coöperating with the U.S. Attorney. Fields knows that there will be civil lawsuits against law firms, including his, and that these lawsuits might reopen several cases. There will be a trial, now scheduled for late October, for Pellicano and his co-defendants.
If Fields is charged with a crime, his record suggests that he will fight. To this day, he thinks that Howard Weitzman and Johnnie Cochran made a grave error by reaching an out-of-court settlement in the Michael Jackson case. âI felt he would damage his career irrevocably by paying a huge amount in a settlement,â Fields says. âWhen you try a criminal case,â he adds, âyou have working for you âa reasonable doubt,â which is an enormous weapon.â
Even if Fields is not indicted, people who have followed the case and his career will undoubtedly continue to ask what he knew about Pellicanoâs services and what he should have known, and how, as one prominent Hollywood lawyer said to me, âsmart people could be so stupid.â One Fields client, insisting on anonymity, suggested that Fieldsâs competitiveness is at the root of his legal problems. Referring to the missing Elaine May film, he said, âI can imagine that a guy who steals the negative of a Paramount film and who is a lawyer and an officer of the court can do anything.â
Finally, I asked Fields if he was angry at Pellicano. âSure, Iâm pissed off at him,â he said, and then his tone shifted: âI know the pressures he had. He would call me and say, âCanât you get me any work?â His expenses were enormous. Itâs inexcusable. But I canât be too hard on Anthony Pellicano. This is a guy who did good work for us.â âŠ
Published in the print edition of the July 24, 2006, issue.
Ken Auletta began contributing to The New Yorker in 1977. His books include âHollywood Ending: Harvey Weinstein and the Culture of Silenceâ (2022).
Jeffrey Resner / December 10, 2006 12:00 AM EST  / Saved as PDF : [HP00I7][GDrive] Â
Mentioned - Kirk Kerkorian (born 1917) Â / Â Harvey Weinstein (born 1952)Â /Â Stephen Kevin Bannon (born 1953)Â Â Â Â Â Â Â
[Harvey Weinstein (born 1952)] has a perfect ending in mind for Miramax Films, the company he and his brother Bob were forced to leave behind in 2005 when they departed the Walt Disney Co. after 12 colorful years. In Harveyâs final scene, the two snag back the name from the media giant, which has turned Miramax into a dĂ©classĂ©, financially diminished Mouse brand. Harvey, the brash movie mogul who helped spin the low-budget indie-film trade into a booming business, doesnât need more wealth. And heâs not pushing for another Academy Award. He won the hardware in 1999 for producing Shakespeare in Love, and he has marketed pictures that have scored nearly 60 other Oscars. But Miramax holds special meaning for the brothers primarily because it was named after their mother Miriam and their deceased father Max. Thatâs about as sentimental as Harvey gets. At Disney his brawls with filmmakers and show-biz executives made almost as many headlines as his shrewd, aggressive handling of such quirky hits as The Crying Game, Pulp Fiction and Chicago.
âWeâre different now, and so weâre doing something completely different,â says Harvey. While they would love to reclaim the old name, one thing the Weinsteins donât want back is the old film-business model. âWeâve already done a movie company. Today weâre in the business of providing content and our own distribution pipelines.â
The siblings are heading a new entity called simply the Weinstein Co., which sounds relatively unflashy, although its grand ambitions dwarf anything the pair did at Disney. Movie production and acquisition still form the backbone, but the Weinstein Co. is positioned more as a diversified boutique media company encompassing home video, cable television, Broadway theater, book publishing, video games and, of course, the Internet. With dozens of projects under way, the Weinsteins estimate that theyâll break even next year, turn a profit in 2008 and probably launch an IPO by the decadeâs end.
If so, it will mark the brothersâ third financial bonanza in show business, the first taking place when they sold their struggling indie-movie company to Disney in 1993 for $70 million. After bristling for years under the control-freak management of former Disney CEO Michael Eisner, they ended the bitter final chapter of their Miramax reign on an up note. âAfter we signed our final contracts, we took all the Disney lawyers to a three-hour, raucous, rollicking dinner,â recalls Harvey.
The boys had good reason to celebrate. They got not only an estimated $130 million in goodbye bucks but also fabulous parting gifts: shared distribution rights to completed pictures, brother Bobâs lucrative Dimension Films label, sequel rights to (and split proceeds from) 15 movies, including Scary Movie, Scream and Spy Kids. The Weinsteins had both capital and contentâstarting anew but not a start-up, says Bob.
Investors have thrown money at them. They amassed a $1.2 billion bankroll, including $500 million through a debt sale and the remainder via 32 investors ranging from fellow entrepreneurs like Internet billionaire Mark Cuban and carpet kingpin Julian Saul to hedge funds and financial firms, including Wellington Management and Fidelity Investments. Declares Harvey: âWe now have the ability to buy a company for a billion dollars.â
Yet their indie upbringing taught them to be tight with a dollar and careful about cash flow. A key strategy calls for building a formidable library that can spin off immediate revenues while providing fodder for various platforms. Former MGM owner [Kirk Kerkorian (born 1917)] â who flipped his studio three timesâadvised the Weinsteins to scoop up all the solid content they could get their hands on. The fickle nature of the movie business makes each film a gamble. Hence a large library reduces overall risk.
Summing up their strategy, Mike Medavoy, a veteran producer involved with the Weinsteins on two projects, says, âThey probably learned a few lessons from their time at Disney. No. 1: itâs nice to have a big banker in back of you. No. 2: this business is filled with mistakes, and margins are shrinking, so you have to be more careful than ever before. And No. 3: itâs good to hedge your bets.â
In the evolving media environment, the Weinsteins are multiproduct, multichannel. âOne of the most important things is the ability to do a lot of movies and slot them in various places,â says Harvey. âSome will go directly to TV or video or the Net. Others will go to theaters. Itâs a brave new world.â Plans call for 18 big-screen projects in 2007, with an equal or greater number going direct to video. âThe emphasis on theatrical is to be pickier,â he explains.
Their early slate of theatrical releases has had mixed results. Hits included sequels Clerks II and Scary Movie 4, along with the computer-animated Hoodwinked! Another toon, Doogal, was a dog, as was Mrs. Henderson Presents. âWeâve been hitting singles and doubles, but when you get a lot of those, they turn into runs,â says Harvey.
Over the past year, the brothers seem to have made more big deals than big movies. âOur meetings used to be about acquiring films. Now theyâre about acquiring companies,â Bob recently told Harvey, only half-joking. They got 70% of publicly traded home-video label Genius Products in exchange for licensing the DVD rights to Weinstein moviesâa âpretty radicalâ move, says Genius chairman [Stephen Kevin Bannon (born 1953)]. Genius distributes material from World Wrestling Entertainment, Discovery Kids and ESPN and in November signed an exclusive rental agreement with Blockbuster. Other affiliations include ownership of a small arts and entertainment channel with Hubbard Broadcasting, J.P. Morgan Chase and Perry Capital; a publishing pact with Hachette; a production arrangement with BET founder Robert Johnson; and a new Latin American film fund.
Their most undervalued asset, says Harvey, is a stake in private online company aSmall World.net an invitation-only social-networking site that hopes to attract international movers and shakers: think of it as a MySpace for millionaires, where you could interact with Naomi Campbell instead of Tila Tequila.
Ah, but itâs only money. The real prize lies in the pursuit of power, innovation and, of course, approval from Mom. Miriam Weinstein, 80, is still upset with Disney for not allowing her sons to take back her namesake banner. Maybe if her boys do well this time around, they could just buy Disney instead.