The Los Angeles Times reports on the 21st annual Allen & Co. conference in Sun Valley, Idaho, which is a "gathering of media moguls and other business leaders."
While regulars at the conference include such personalities as Disney's Michael Eisner, Dreamworks' Jeffrey Katzenberg, Miramax's Harvey Weinstein, Microsoft's Bill Gates, and such media stars as Tom Brokaw and Diane Sawyer, there also was a star of a different galaxy there this year.
From the LAT report:
While regulars at the conference include such personalities as Disney's Michael Eisner, Dreamworks' Jeffrey Katzenberg, Miramax's Harvey Weinstein, Microsoft's Bill Gates, and such media stars as Tom Brokaw and Diane Sawyer, there also was a star of a different galaxy there this year.
From the LAT report:
Wal-Mart Stores Inc. CEO H. Lee Scott stunned many in this high-rolling crowd when he said that he stays at the Days Inn when he travels and often bunks with his chief financial officer to save the company money.
That led Los Angeles money manager Gordon Crawford, a conference regular, to pose the following question to (Viacom Inc. Chairman Sumner) Redstone: "Do you share a room with Mel (Karmazin, his second-in-command) when you travel?"
The 80-year-old chief executive didn't miss a beat, according to those at the session, which was closed to the media: There should be limits to male-to-male interaction, he quipped.
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