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:
“The chief element in the art of statesmanship under modern conditions is the ability to elucidate the confused and clamorous interests which converge upon the seat of government. It is an ability to penetrate from the naïve self-interest of each group to its permanent and real interest.... Statesmanship ... consists in giving the people not what they want but what they will learn to want.”
—Walter Lippmann (1889–1974)
“You know about a person who deeply interests you more than you can be told. A look, a gesture, an act, which to everybody else is insignificant tells you more about that one than words can.”
—Henry David Thoreau (1817–1862)