You Only Sell Thrice By ANDREW ROSS SORKIN as Vegas ALEX YEMENIDJIAN, the chairman and straits executive of Metro-Goldwyn-Mayer, was sitting at his private pool distant his high-roller villa at the Bellagio Hotel and Casino here last Monday. He had ripe struck a $5 billion deal to deal out MGM, the Hollywood studio famous for its roaring-lion mascot and film franchises including James Bond, to Sony and a group of investors after an agonizingly long auction. But he wasn't interested in talking about the deal. He cute to discuss why he never urgencyed to change the fraternity in the first place and why his boss, the rugged billionaire Kirk Kerkorian, who controls MGM and has now bought and sold the studio three times since 1969, did not especially want to give it up, either. "There is a sensing out there that Kirk is a seller if somebody gives him a good price," said Mr. Yemenidjian, cutting a 007-like figure in a double-breasted blue blazer with a yellow(a) silk handker boss protruding from the breast pocket. "That isn't true. I think it bothers him that Hollywood thinks that he treated MGM as an investment toy. Not atomic number 53 time did either Kirk or the board tell me, 'I want you to clean this company up and prepare it for sale.' Not once." Mr. Yemenidjian, 48, has been dour by his reputation as MGM's flipper in chief ever since Mr. Kerkorian installed him as its boss in 1999.
Back then, the company was beaten and battered, written off as a has-been, a debt-laden stepchild of the studio that once produced films like "Gone With the Wind" and "The sense of Oz." And when Mr. Yemenidjian arrived on the scene, he was a virtual unknown in Hollywood. If anything, he was considered Mr. Kerkorian's henchman, an accountant by training whose experience was in deal making, not movie making. Yet within basketball team and a half years, Mr. Yemenidjian (pronounced yem-ma-NEED-jee-an) turned around the business by drastically scaling back the studio's productions, scoring a few unexpected hits...
Back then, the company was beaten and battered, written off as a has-been, a debt-laden stepchild of the studio that once produced films like "Gone With the Wind" and "The sense of Oz." And when Mr. Yemenidjian arrived on the scene, he was a virtual unknown in Hollywood. If anything, he was considered Mr. Kerkorian's henchman, an accountant by training whose experience was in deal making, not movie making. Yet within basketball team and a half years, Mr. Yemenidjian (pronounced yem-ma-NEED-jee-an) turned around the business by drastically scaling back the studio's productions, scoring a few unexpected hits...
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