Maybe if JS had gone into film-making instead of storage, BS might have happily supported those projects instead of FDA's ventures, on the other hand... .. imo.
Charles Bronfman opens up about Seagram's demise: 'It is a disaster'
"May 11, 2018 rbbm.
He is an unusual sort of billionaire. Like some of his peers, his fortune originates in a legendary business empire. But unlike them, he knows what it is like to see that business implode and collapse. Rarer still, he has publicly committed to giving away most of what remains.
He is open to discussing missteps, even painful ones, especially if he feels others will learn from them. There were the early mistakes with his philanthropic foundation (sky-high ambitions, less-than-precise goals). There was the ill-advised third marriage, to an architect, which ended in divorce.
And of course, there is the demise of Seagram Co. Ltd., the liquor giant built by his father Samuel. In the 1990s, Edgar Bronfman Jr., Mr. Bronfman's nephew, led the company into the entertainment industry and eventually, a calamitous acquisition in 2000 by France's Vivendi SA.
For years, the Montreal native said little to nothing publicly about the choices that destroyed Seagram. Now, Mr. Bronfman is more candid. "It was a disaster, it is a disaster, it will be a disaster," he says. "It was a family tragedy."
Charles Bronfman opens up about Seagram's demise: 'It is a disaster'
"May 11, 2018 rbbm.
He is an unusual sort of billionaire. Like some of his peers, his fortune originates in a legendary business empire. But unlike them, he knows what it is like to see that business implode and collapse. Rarer still, he has publicly committed to giving away most of what remains.
He is open to discussing missteps, even painful ones, especially if he feels others will learn from them. There were the early mistakes with his philanthropic foundation (sky-high ambitions, less-than-precise goals). There was the ill-advised third marriage, to an architect, which ended in divorce.
And of course, there is the demise of Seagram Co. Ltd., the liquor giant built by his father Samuel. In the 1990s, Edgar Bronfman Jr., Mr. Bronfman's nephew, led the company into the entertainment industry and eventually, a calamitous acquisition in 2000 by France's Vivendi SA.
For years, the Montreal native said little to nothing publicly about the choices that destroyed Seagram. Now, Mr. Bronfman is more candid. "It was a disaster, it is a disaster, it will be a disaster," he says. "It was a family tragedy."