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:
“It’s not greed and ambition that makes wars—it’s goodness. Wars are always fought for the best of reasons, for liberation or manifest destiny, always against tyranny and always in the best interests of humanity. So far this war, we’ve managed to butcher some 10,000,000 people in the interest of humanity. The next war, it seems we’ll have to destroy all of man in order to preserve his damn dignity.”
—Paddy Chayefsky (1923–1981)
“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)