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.
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Famous quotes containing the word interests:
“Unless the people can choose their leaders and rulers, and can revoke their choice at intervals long enough to test their measures by results, the government will be a tyranny exercised in the interests of whatever classes or castes or mobs or cliques have this choice.”
—George Bernard Shaw (1856–1950)
“Consider any individual at any period of his life, and you will always find him preoccupied with fresh plans to increase his comfort. Do not talk to him about the interests and rights of the human race; that little private business of his for the moment absorbs all his thoughts, and he hopes that public disturbances can be put off to some other time.”
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