{"id":2079,"date":"2009-07-27T14:42:00","date_gmt":"2009-07-27T19:42:00","guid":{"rendered":"http:\/\/selectmetrix.com\/blogs\/2009\/07\/it-could-be-worse\/"},"modified":"2009-07-27T14:34:18","modified_gmt":"2009-07-27T19:34:18","slug":"it-could-be-worse","status":"publish","type":"post","link":"https:\/\/selectmetrix.com\/blogs\/2009\/07\/it-could-be-worse\/","title":{"rendered":"It Could Be Worse"},"content":{"rendered":"<p><a href=\"http:\/\/www.forbes.com\/2009\/07\/02\/celebrity-business-bombs-entrepreneurs-management-bombs.html?feed=rss_entrepreneurs_entresales\" target=\"_blank\">This Forbes story<\/a> is probably more therapeutic than anything else \u2013 the gist of it is that celebrities make colossal business mistakes.\u00a0 One thing I have always wondered about, where is the anger towards celebrity pay?\u00a0 I hear of the anger regarding CEO compensation, but never so much as a whisper of discontent regarding celebrity compensation.<\/p>\n<p>At any rate, I had completely forgotten about this stunning blunder:<\/p>\n<blockquote><p>The award for biggest entrepreneurial swing-and-miss might go to actress Kim Basinger. Smoldering in films such as <em>9 1\/2 Weeks<\/em>, <em>Batman<\/em>, <em>L.A. Confidential<\/em> and <em>I Dreamed Of Africa<\/em>, Basinger bombed on a grand scale in 1990 when she sunk $20 million into buying the entire town of Braselton, Ga.<\/p>\n<p>Basinger&#8217;s vision: to turn the small town of 500 residents, 50 miles northeast of Atlanta, into a tourist attraction, with a movie studio and a film festival. In one fell swoop, the blonde bombshell became landlady of Braselton&#8217;s bank, post office, supermarket, a number of retail stores, historic structures, more than two dozen homes and an industrial park&#8211;nearly 1,800 acres in all.<\/p>\n<p>Three years later Basinger filed for Chapter 11 bankruptcy protection after losing an $8.1 million lawsuit to Main Line Pictures for backing out of a verbal agreement to star in the film dud <em>Boxing Helena<\/em>. As for Braselton, she ended up selling it&#8211;for a mere $1 million.<\/p><\/blockquote>\n","protected":false},"excerpt":{"rendered":"<p>This Forbes story is probably more therapeutic than anything else \u2013 the gist of it is that celebrities make colossal business mistakes.\u00a0 One thing I have always wondered about, where is the anger towards celebrity pay?\u00a0 I hear of the anger regarding CEO compensation, but never so much as a whisper of discontent regarding celebrity compensation. At any rate, I had completely forgotten about this stunning blunder: The award for biggest entrepreneurial swing-and-miss might go to actress Kim Basinger. Smoldering in films such as 9 1\/2 Weeks, Batman, L.A. Confidential and I Dreamed Of Africa, Basinger bombed on a grand scale in 1990 when she sunk $20 million into buying&hellip; <a class=\"read-more\" href=\"https:\/\/selectmetrix.com\/blogs\/2009\/07\/it-could-be-worse\/\">Read More<\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"bgseo_title":"","bgseo_description":"","bgseo_robots_index":"","bgseo_robots_follow":"","jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false},"version":2}},"categories":[12,7],"tags":[1372,1374,1373],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p5Oho-xx","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/selectmetrix.com\/blogs\/wp-json\/wp\/v2\/posts\/2079"}],"collection":[{"href":"https:\/\/selectmetrix.com\/blogs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/selectmetrix.com\/blogs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/selectmetrix.com\/blogs\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/selectmetrix.com\/blogs\/wp-json\/wp\/v2\/comments?post=2079"}],"version-history":[{"count":1,"href":"https:\/\/selectmetrix.com\/blogs\/wp-json\/wp\/v2\/posts\/2079\/revisions"}],"predecessor-version":[{"id":2080,"href":"https:\/\/selectmetrix.com\/blogs\/wp-json\/wp\/v2\/posts\/2079\/revisions\/2080"}],"wp:attachment":[{"href":"https:\/\/selectmetrix.com\/blogs\/wp-json\/wp\/v2\/media?parent=2079"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/selectmetrix.com\/blogs\/wp-json\/wp\/v2\/categories?post=2079"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/selectmetrix.com\/blogs\/wp-json\/wp\/v2\/tags?post=2079"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}<!-- WP Super Cache is installed but broken. 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