Other Interests
In the 1940s, William Paley and Dr. Leon Levy formed Jaclyn Stable, which owned and raced a string of thoroughbred race horses. Paley formed a modern art collection with as many as 40 major works, and he enjoyed photographing Picasso in Cap d'Antibes. Like Picasso, Paley drove an exotic French Facel Vega Facel II, the fastest four-seater car in the world in the early 1960s.
In 1964, CBS purchased the New York Yankees from the Del Webb Company. Subsequently, the storied baseball team fell into mediocrity, not making the postseason for the next ten years. In 1973, Paley sold the team at its low ebb for $8.7 million to Cleveland shipbuilder George Steinbrenner and a group of investors. In April 2006, Forbes Magazine estimated that the Yankees were worth $1.26 billion.
Read more about this topic: William S. Paley
Famous quotes containing the word interests:
“When one wanted one’s interests looking after whatever the cost, it was not so well for a lawyer to be over honest, else he might not be up to other people’s tricks.”
—George Eliot [Mary Ann (or Marian)
“Friendship can only exist between persons with similar interests and points of view. Man and woman by the conventions of society are born with different interests and different points of view.”
—J. August Strindberg (1849–1912)