Sam Zell, chairman of Equity Group Investments, announced he is writing a book, called, appropriately enough “Gravedancer, ” according to LAObserved. Does the title imply he was whistling past the graveyard when his takeover of the Tribune ended in bankruptcy? Oh wait, the full title is Gravedancer: The Art of Winning in Turbulent Times. Publishers Marketplace says it is his professional and personal account of his life as an investor and contains, “compelling stories about his biggest deals and ….tips for entrepreneurs who want to follow in his footsteps.”
I wonder if he is going to leave in passages in about his insisting on hiring what LAObserved called, “obsolete and embarrassing radio executives and telling journalists he didn’t respect what they do.” When visiting the LA Times office, he urged the paper to run ads for strip clubs and said, famously, “it is unAmerican not to like pussy.” (Un-American…I wonder if Joe McCarthy would have agreed).
Will you offer us a hand? Every gift, regardless of size, fuels our future.
Your critical contribution enables us to maintain our independence from shareholders or wealthy owners, allowing us to keep up reporting without bias. It means we can continue to make Jewish Business News available to everyone.
You can support us for as little as $1 via PayPal at office@jewishbusinessnews.com.
Thank you.
Currently, as what he calls a one-off, Zell is planning to buy 140 supermarkets Cerberus Capital has to sell to anti-trust regulators. He says he has no plans to go into the supermarket business in earnest, but maybe he will fare better at stocking groceries than he did at the Tribune.
