4min chapter

The Alchemy of Money cover image

Kirk Kerkorian and the Lessons of Leverage

The Alchemy of Money

CHAPTER

The Stock of the International Soto Crashes

In the eighties, he decides it's time to cash in. The most valuable piece of the studio is the library of films. He cuts a lot of staff, sell real estate and has a yard sale of all the movie memorabilia. It doesn't become a really good studio, but at least a, at least it's not losing a lot of money. But the real angle for him is he wants to build another one of these big resorts. And he uses the m g m brand, which he calls the three golden letters, to build them g m grand. This is sort of massive, massive hotel on which he opens a toyo great cess. Also is the place

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