hedgies

The One Where The Guy Spends Too Much, His Movies Tank, And He Loses His Fancy Studio Job

mark · 03/08/07 05:29PM

Today's NY Times chronicles the "classic Hollywood tale" (keywords: hubris, quick rise, sudden demise) of First Look Studios' Henry Winterstern, who arrived in town a couple of years ago with nothing but a crazy dream about making it in the showbiz and one of those huge bags of hedge-fund cash that's so popular with the kids these days, dumped the contents of that bag on the floor of a fancy office in the new CAA building, then proceeded to light it on fire, a business plan that earned him a"voluntary" resignation from his job on Friday. And now, the Telling Anecdote indicating that Winterstern's priorities might have been in the wrong place: