One of the happiest looking of Wall Street wheeler-dealers was Ivan Boesky, a specialist in corporate arbitrage.
No wonder he looked happy. His abilities gained him wealth said to be in the neighborhood of $200 million before he came under active suspicion for insider trading.
Perhaps Boesky's intelligence skills had been honed during his time working for the CIA, but his law degree should have caused him to be more subtle in his timing. Eventually, his big stock buys just prior to takeover announcements attracted the kind of attention insider traders don't want.
He worked out a plea bargain by informing against other corporate rascals, was fined $110, and got only three and a half years. Two years later, he was a free man again.
It is said that he was the primary model for the "Greed is good" character Gordon Gekko played so well by Michael Douglas in the 1987 film "Wall Street."
About this Blog
"In the future everybody will be world-famous for 15 minutes." So said the bleached-out, late lamented artist Andy Warhol. Having lived and worked in New York City, Warhol came to fully grasp the hold celebrity has on us. In this very famous sentence, he meant to point out that in a culture fixated on fame, many people will suddenly flash brightly onto the public screen, then--poof--will just as quickly disappear from public view--like shooting stars. Other individuals derive their celebrity from one stellar accomplishment (one hit song, one iconic role, etc.) that they never again match.
This blog is devoted to the one part of our celebrity culture that no one has written much about: temporary/one-shot celebrities.
The pace of modern life has quickened, and now we hear people speaking of someone's 15 seconds of fame. These "celebrities with a lower-case c" who will appear in this blog sometimes come to us from the world of entertainment, sometimes from the world of news. All are fascinating.
The need of our communications media for a continual stream of new material assures that we will have no end of colorful people who go quickly, where celebrity is concerned, from zero to hero (or villain) and back to zero. Now you see 'em, now you don't. What a crazy world, eh?
Temporary celebrities coming from the world of entertainment include one-hit recording artists; TV and movie icons who, although they might have had a great many accomplishments in their career, are remembered for one big role; standouts of reality TV; sports figures remembered for one remarkable accomplishment; and people whose celebrity came from one big role in a commercial or print ad.
News-based temporary celebrities come in many forms: mass/serial killers, other murderers of special note, sex-crime offenders, disgraced figures of government/military/business/media/religion, spies/traitors, hoaxers, femmes/hommes fatale, heroes, whistle blowers, inventors/innovators, and victims.
Celebrity Blogsburg will consider each category in turn.
This blog is devoted to the one part of our celebrity culture that no one has written much about: temporary/one-shot celebrities.
The pace of modern life has quickened, and now we hear people speaking of someone's 15 seconds of fame. These "celebrities with a lower-case c" who will appear in this blog sometimes come to us from the world of entertainment, sometimes from the world of news. All are fascinating.
The need of our communications media for a continual stream of new material assures that we will have no end of colorful people who go quickly, where celebrity is concerned, from zero to hero (or villain) and back to zero. Now you see 'em, now you don't. What a crazy world, eh?
Temporary celebrities coming from the world of entertainment include one-hit recording artists; TV and movie icons who, although they might have had a great many accomplishments in their career, are remembered for one big role; standouts of reality TV; sports figures remembered for one remarkable accomplishment; and people whose celebrity came from one big role in a commercial or print ad.
News-based temporary celebrities come in many forms: mass/serial killers, other murderers of special note, sex-crime offenders, disgraced figures of government/military/business/media/religion, spies/traitors, hoaxers, femmes/hommes fatale, heroes, whistle blowers, inventors/innovators, and victims.
Celebrity Blogsburg will consider each category in turn.
Monday, September 7, 2009
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