But when she sets her sights on becoming a first-class international flight attendant, Donna throws caution to the wind and takes off in pursuit of her dream.
Rob Lowe himself, now a ubiquitous television star, would have made for a profitable distressed investment if Rob Lowe shares had been floated in the late eighties. Rob Lowe And Co. Buying Miramax Films? “I became very good at mucking stalls of the horses of the stars,” he says.After we drive to Barrack’s nearby ranch for a tour (vineyards, stables, two regulation-size polo fields), Lowe leaves for a night shoot in Big Sur. “Just because you’re good in one thing doesn’t mean you’re good in everything. “I was always groping to convey to these investors how difficult it is to analyze risk. Colony would bail Jackson out of his substantial debt; in return, the firm would assume ownership of Neverland, and Jackson, after a thirteen-year hiatus, would go back to work to generate new revenue.
It’s ze face!”Does Hamilton ever ask Barrack for advice?This, the manicured park with the giant floral clock and movie theater featuring isolation boxes for immunocompromised children—default B-roll for all TV coverage of Jackson—comprises just 32 acres.
In one TMZ appearance, a paparazzo’s telephoto captured Lowe and Barrack, shirtless, checking their BlackBerrys on a yacht in the Mediterranean. Colony hadn’t predicted Jackson would die, of course, but it had wagered correctly that, over time, Michael Jackson the asset would outshine its liabilities (and even Michael Jackson the person).“The beautiful thing about Laird and Gabby is our relationship started out agendaless, and we’re both really careful trying to keep it that way,” Barrack says. His philosophy of life applies to everything.”Barrack says he no longer believes real-estate investing can deliver more than “singles and doubles.” In fact, it has yielded some strikeouts: A $4 billion Colony fund raised in 2007 showed 60 percent losses as of the first quarter of 2010.
“Just because you’re good in one thing doesn’t mean you’re good in everything. In the dance studio, a solitary bulb lights a spot worn down by Jackson’s spinning.
His 275 employees had dwindled to four. “It’s the most inefficient quagmire of opportunities I’ve ever seen, financially.”Barrack built his fortune making deals, and in some ways, Neverland began as just another one—a contrarian bet on a troubled asset, an operating business backed by real estate.
“I told him: ‘Where you are is an insolvable puzzle unless you’re willing to go back to work.
Meanwhile, Barrack says Colony is fielding “hundreds” of inquiries by cash-squeezed artists and celebrities who hope he can do for them what he did for Jackson and Leibovitz. And so when it gets to the one-yard line, inevitably they call me, and then at that point, the real negotiation begins.”“The very first thing Tom said to me was that he wasn’t interested in my real estate or my archive,” Leibovitz says. At Capo, we’re joined by Laird Hamilton, probably the world’s best big-wave surfer, and his wife, Gabrielle Reece, the professional volleyball player. “Film libraries are melting ice cubes. And Tom just can’t believe this. One of the adages in a list of “rules for success” that he sometimes distributes to employees is “befriend the bewildered.” And when you start applying the thought process of a vulture investor to pop culture, suddenly the world can seem dizzy with opportunity.
“It’s so not Tom’s thing,” Lowe says. “I don’t view it as recklessness,” Barrack says.
Barrack had been present on several occasions when Lowe was on the phone negotiating final points of contracts, and was perplexed by the irrationality of Hollywood. Led by the zany John Witney, the new Royalty Airlines flight attendants progress through their training program.In this scene: John Witney (Mike Myers), Donna Jensen (Gwyneth Paltrow), Angela Samona (Stacey Dash), Christine Montgomery (Christina Applegate)To try and secure a better job, Donna works to convince her friends to attend a job fair for flight attendants.In this scene: Donna Jensen (Gwyneth Paltrow), Christine Montgomery (Christina Applegate), Sherry (Kelly Preston)During a day on the lake, Ted meets Donna and is instantly attracted.In this scene: Ted Stewart (Mark Ruffalo), Sherry (Kelly Preston), Christine Montgomery (Christina Applegate), Donna Jensen (Gwyneth Paltrow)No one thought Donna would go very far. Then, suddenly, Disney terminated talks, after the Weinstein-Burkle group dropped their bid from $625 million to $575 million. At Capo, we’re joined by Laird Hamilton, probably the world’s best big-wave surfer, and his wife, Gabrielle Reece, the professional volleyball player.
Barrack wants to have dinner in Santa Monica, so we take a helicopter up the coast. In college at USC, where he played on the rugby team, he went into the finals against Stanford with a broken nose; by the end of the game, he also had a broken left ankle, separated shoulder, and torn right knee.
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