Edgar S Exit Strategy
As the temperature was rising outside the company, things were also getting uncomfortable on the inside for Bronfman, whose family owns 24 percent of Seagram. His Uncle Charles had agreed to his nephew’s Hollywood incursion out of family loyalty, but afterward he sold part of his Seagram stake. His sale was widely seen as a vote of low confidence, although he said it was for financial-planning purposes. NEWSWEEK has learned other relatives have been quietly fretting about the uncertain dividend payments that the hit-driven entertainment industry produces....