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Even with Southern California commercial real estate in the tank, a Beverly Hills office remains out of most people’s reach.
Not to worry.
An ad in the Robb Report, a magazine for the still rich and famous, promises a prestigious Rodeo Drive address for just $15 a month.
Turns out it’s a private postal center called Mail and More in a shopping center suite at Rodeo near Santa Monica Boulevard.
Manager Tony Cox says users of the postal boxes range from celebrities who don’t want to be bothered with package deliveries at home, to people from as far away as Turkey and Australia who like the address and are willing to wait for their mail to be forwarded.
As a bonus, the address comes with a well-known ZIP code: 90210.
An E Ticket of a Year
As previously reported, Walt Disney Chairman Michael D. Eisner, who last month realized a staggering $197.5 million by exercising stock options, won’t appear at the top of upcoming lists of the nation’s top-paid executives. That’s because Eisner exercised them after Disney’s fiscal year closed on Sept. 30.
Here’s another surprise: Eisner wasn’t even Disney’s highest-compensated executive in the 1992 fiscal year.
Disney’s proxy statement mailed last week to shareholders shows Eisner earned $7.5 million in salary and bonuses in the fiscal year, hardly pocket change.
Disney President Frank G. Wells took home $3.8 million.
The big winner?
Richard A. Nunis, chairman of Walt Disney Attractions, which oversees operations at such theme parks as Disneyland and Disney World. He earned $9.1 million, $8.4 million of it coming from gains realized when he exercised stock options.
Speaking of Disney
The company’s last few annual reports have become famous for Eisner’s chatty, stream of consciousness-style statements to shareholders that stretch several pages into the report.
This year’s is no exception. Eisner’s message is more than 3,350 words (nearly nine times this column’s length.)
Briefly. . .
Aviator Charles Lindbergh’s honeymoon yacht is for sale for $270,000. . . . Former astronaut and Palmdale businessman David Scott was ordered by an Arizona judge to pay more than $240,000 to investors in a partnership he organized. . . . Newport Beach is hosting the National Turkey Federation’s annual convention.
