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Indecent Exposure: A True Story of Hollywood and Wall Street – The Classic David Begelman Scandal of Forgery, Fraud, and Ruthless Corporate Power

Book by David McClintick · 1 quotes · Board Of Directors, Columbia Pictures, Corporate Ethics

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AllBoard Of DirectorsColumbia PicturesCorporate EthicsCorporate GovernanceDavid BegelmanForgerForgeryHerbert AllenNew HollywoodStooges

Indecent Exposure: A True Story of Hollywood and Wall Street – The Classic David Begelman Scandal of Forgery, Fraud, and Ruthless Corporate Power Quotes

“Herbert Allen Jr. had convinced himself that appearances were important. Having calculated incorrectly around the first of the year that the press coverage would (as Ray Stark had put it) “blow over in two weeks,” Herbert and most of Columbia's boardroom directors (the majority who blindly aligned their interests behind Herbert's and Stark's; Resulting in facilitating their David Begelman debacle) eventually had seized upon a new and equally superficial appraisal of their dilemma: We have a PR problem. The solution? Obvious. Hire a public relations firm. Columbia Pictures already employed a capable public relations director, Jean Vagnini, whose work was considered excellent by objective observers outside the company, as well as many inside. The board of directors, however, had lost confidence in Vagnini's ability to handle the continuing media onslaught alone. They also suspected that Vagnini's loyalty, in the continuing animosity between Alan Hirschfield (Columbia's CEO), and the board, was to Hirschfield -- the lone voice of reason throughout the board's mishandling of Begeleman's check forgeries. Since she was young, relatively inexperienced, and female, she was a convenient target for a group of men who did not want to confront the true source of the "PR" problem—themselves and their own actions.”

Corporate GovernanceBoard Of DirectorsForgeryStoogesCorporate EthicsForgerNew HollywoodColumbia PicturesDavid BegelmanHerbert Allen
Book:Indecent Exposure: A True Story of Hollywood and Wall Street – The Classic David Begelman Scandal of Forgery, Fraud, and Ruthless Corporate Power
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