Winner Takes All by Christina Binkley

Author:Christina Binkley
Language: eng
Format: epub
Publisher: Hachette Books
Published: 2019-11-05T16:00:00+00:00

Alex Yemenidjian was busy trying to cut a deal with the Showtime network to show Metro-Goldwyn-Mayer’s films and attempting to lure Francis Ford Coppola into a ten-film deal. Kerkorian didn’t want him interrupted. So Wynn’s and Kerkorian’s representatives met at Metro-Goldwyn-Mayer’s offices in Santa Monica to work out the details.

Wynn sent Bobby Baldwin and Stanley Zax, chairman of Zenith National Insurance Company. Zax’s presence as he sat beside Baldwin flummoxed Lanni.

“I don’t know Mr. Zax, because he’s not on the board,” Terry Lanni said, more as a question than a statement, from the head of the table. Zax replied that he was the personal representative of Mr. Wynn. “And that’s the last thing he said in the meeting,” Lanni says.

Zax had once introduced Wynn to Michael Milken. He advised Wynn throughout the dealings with Kerkorian and received a $3-million fee for his efforts, according to people involved—an expenditure that irked Lanni for years afterward.

Baldwin opened with his cool poker player’s mien: “Gentlemen, I want to make this very clear. Under no circumstances will this company be sold for a penny less than twenty-one.”

The MGM Grand team left the room and called Kerkorian. They had hoped to pay $20 a share.

“Well, do you want it or not?” Kerkorian asked. “Do you want to lose it for the extra dollar?”

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