Billionaire Broad a Backstabber?
"If somebody calls me and says I want to be a partner, and the next day tries to stick a knife in my back, tell me again why I would want to do business with him?" so says Sam Zell, the Chicago billionaire who outbid Eli Broad for control over the LA Times.
Adding to the excitement was the struggle between the Left wing billionaires who were battling against each other to buy the Times. Billionaire David Geffen, whose favorite writer is Maureen Dowd, was bidding against billionaires Broad and supermarket king Ron Buckle. All are high profile donors to democrats and were key Clinton supporters.
Besides exposing the fact that the big money in California is generally left of center, it was fun towatch the mud wrestling between Zell and Broad. According to Zell, Broad approached him to buy in as a partner, butin less than 24 hours Broad tried to bid aroundZell with his buddy Burkle.… Read More