European Stars And Stripes (Newspaper) - December 4, 1987, Darmstadt, Hesse The stars and stripes Friday december 4,1987 c urn us by Mig i huh Bohim by is Selling More fun than owning Brandy Rooney lbs has. Sold its records division for in billion 0 the Sony corp. Of Tokyo. Last year lbs sold la Book division its Magazine division and us music publish ins business for a Iota of $1.1 billion. Urence. To i Var a. In a executive officer says his aim is to cd Back so lbs is Only in the broadcasting business where to started years a of course he Money in t bad cipher. Except for William Paley who founded lbs ini92r and a Lew other old timers on he Board of directors the people Selling lbs Don t have a lot of sentimental attachment to any part of he of Gamza Ion because icy weren t in on building it. Lbs ays the Sale is Fco cd for she Slock Holde Stisch owns 24.9 percent of lbs so it s certainly Good for him. There are23.63j,s40 shares of lbs Stock Winall so Tisch must have Aboul 5.88-1,750 of hem. One share w Orch $ 76 i write so his Are Worth about$1 035 716 000, although i would t swear to in be cause i m not used to multiplying numbers in the billions. Whatever the wart figure is it s pretty Good because Tisch bought his shares less than two year Sago for an Avera a Price of something like Szijj so the Slock Cost him 794,441,385 or $241,274,791 1e�than what it is Worth now. This would be a Good time for it to Start Selling off some of he possessions i be collected in i my life. I could consolidate my position raise my Cash holding Sand develop a financial lifestyle that s lean and mean. I Don t have a records division 10 sell but 1 have alot of old 78 and 45-rpm records i d let go for a Picc if Sony i interested. There Are quite a few things around our House thai1 know for certain i would t Meci any res Siance on from my chief executive officer if sold on the open Markulj or it closed Maikut for Iha ii ii we own four cars. None of Ihm is a Pancose and their average age is 8 Yean. Two of them probably ought logo. The japanese Are attracted to antique so maybe i could con them into taking the 1977 Ford Wagon off my hands. The odometer passed the 100 000-mile Mark last Spring and Siar cd Over soil Only reads 19,000 Miles. We have 2,374 Knick Knudts i d sell. I a wait until the Knickknacks Market was at an All Lime High. On we be old Revtt jiving t Don t know what we d do next Bui we d have a Good amount of Cash to do it with i guess the first thing i d do would be to count it which would take a while. After that maybe instead of being a writer. I could gel to be a tycoon. I d belong to inc country club and have a parking share Wilh my name on it in the company parking lot. A Abc i d even have my own limousine with a Driver so i d never have a parking problem. He d just Dou ble Nark with he other executive times. Then i o Loon around for something to Lake Over. That s whal big corporations do with excess Cash. They buy out an other company sell off its parti for Cash and go away Rich. This is the american Way in t in if i Ever get the Chance i think i la ask Tisch whal he does Wilh All the Money he has that is More fun than owning what he sold to gel in. 1c Ali out Media a a rom let s not make if a Federal Case 1 to Fink everyone should make up his own mind about wha inc Iran Contra affair Means without coaching from Capitol Hill i must admit i was not satisfied Wilh he majority and minority reports issued by members of Congress so i have written my own report based on Hundred of hours of watching the hearings on television. Testimony by people who worked in the White House confirms that the object of the erase was to change missiles for goof will. They succeeded Inthis because relations Between Iran and he United Stales have never been belter. It s doubtful if the iwo countries would be peacefully sharing the persian Gulf if some Bright person had t come up with the idea of financing arms for the contras. As far As we know no crimes were committed Dur ing Iran Gate except Foi perjury misuse of govern ment funds obstruction of Justice tax fraud pcs Luction of vital evidence and profiteering on military equipment. But since All of these crime were done to save he Western world from going com Munsil he special prosecutor should pack up and gel the hell Oul of Washington before he hurls somebody. President Reagan did rot know anything about Iran Gale. This is obvious to anyone who saw him on to during the period in was occurring. Evidence at the hearings indicated the president was not Only unaware that John Point crier and Oliver North were involved in a Covert operation he did t know either Man was in Washington. North is the most Isle resting person
