Word: superrich
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Dates: during 2000-2009
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...celebrities and the superrich who live in Isleworth, including Tiger Woods, would like to project a common touch. Every Halloween, residents of the gated golf community near Orlando, Fla., decorate their golf carts and drive trick-or-treaters door to door. They share lunches and dinners at the country club, play pickup basketball games and hold community events. "It's pretty normal," says Ravé Mehta, CEO of a software-development firm who lives just outside Isleworth's vine-covered walls but has many friends inside...
...whether more people hell-bent on boosting their stock price will produce a better outcome for the economy as a whole. What Feinberg is likely to find after five months of studying executive comp is that there is no great way to pay people gobs of money. The superrich have relatively less at stake and more reason to gamble than...
...their allies in government, you say to yourself, 'If we only had more media, if we only had more money, if we only had more field organizers, if we only had better ideas and strategies.' That's what produced the book. What if we had a collection of superrich elderly, retired people who are very dismayed at the state of their beloved country, and what if they got together and really poured money in? What would happen? And what would happen is a major power collision with corporate goliaths and their government allies. (See pictures of the summer...
...mention your group of the superrich. How did you come up with that idea, with those characters? First of all, the civil rights movement, contrary to popular impression, was funded in significant part by superrich people. The right-wing movement in this country is funded by people like Richard Scaife, who's put in a quarter of a billion dollars at least. I decided to pick [my characters] because they all brought something to the table: Barry Diller, media; Ted Turner, media; George Soros, the Open Society Institute and institution-building; Peter Lewis, insurance; Joe Jamail and Bill Gates...
...jumping-off point for the story is the government's response to Hurricane Katrina. Was that the genesis of the book idea for you as well? It was one of them, yeah. Another of them was how demoralized they were, these superrich older people that I talked to. I said to them, "How could you be demoralized? You're sitting on 5, 6, 8 billion dollars. For a billion dollars, with field organizers in every congressional district, you can get a single-payer health-care system.' What's a billion dollars to these people...