39 lines
2.6 KiB
Markdown
39 lines
2.6 KiB
Markdown
---
|
||
category: "Business & Finance"
|
||
tags:
|
||
- Person
|
||
- PROMIS
|
||
summary: "Founder of MCA and longtime political supporter of Ronald Reagan who helped make Reagan a millionaire through inflated property deals."
|
||
born: 1896-04-26
|
||
died: 1981-04-29
|
||
location: "South Bend, Indiana"
|
||
relations:
|
||
- type: founded
|
||
with: "[[Music Corporation of America]]"
|
||
start: 1924
|
||
fn: 2
|
||
- type: head_of
|
||
with: "[[Music Corporation of America]]"
|
||
role: "chairman of the board from 1946, per Moldea"
|
||
start: 1946
|
||
fn: 2
|
||
---
|
||
[[Jules Stein]] was the founder of [[Music Corporation of America|MCA]]. He was a long-time political supporter of [[Ronald Reagan]]. Stein, along with [[Lew Wasserman]], negotiated the sale of Reagan's [[California]] properties at hugely inflated prices, which helped make Reagan a millionaire.[^1]
|
||
|
||
### Music Corporation of America
|
||
|
||
Julius Caesar Stein started MCA in [[Chicago]] in 1924, after practicing medicine as an ophthalmologist. Moldea wrote that Stein gave up his position with a Chicago doctor to found the agency with a college friend, William R. Goodheart, after serving as an assistant to the eye surgeon Harry Gradle, working from a two-room office downtown and booking dance bands.[^2]
|
||
|
||
Stein was one of the original defendants in *Finley v. Music Corporation of America*, a 1946 antitrust case that Moldea wrote produced a jury verdict of $55,500 in treble damages for a San Diego ballroom operator; Judge Paul J. McCormick's June 24, 1946 memorandum (66 F. Supp. 569) held the damages insufficiently certain and assessed costs and fees of $9,092.85. Moldea wrote that McCormick had earlier dismissed the charges against Stein.[^2][^3]
|
||
|
||
Moldea wrote that Stein was succeeded as president in 1946 by Lew Wasserman, and that Stein then became chairman of the board.[^2]
|
||
|
||
Moldea wrote that Stein and Taft Schreiber were among the guiding forces shaping Reagan's political philosophy, in the period after the government's action against MCA.[^2][^4]
|
||
|
||
---
|
||
### Footnotes
|
||
|
||
[^1]: Seymour, Cheri. *The Last Circle: Danny Casolaro’s Investigation into the Octopus and the PROMIS Software Scandal*. First Edition. TrineDay, 2010.
|
||
[^2]: Moldea, Dan E. *Dark Victory: Ronald Reagan, MCA, and the Mob*. New York: Viking, 1986. https://archive.org/details/dark-victory-ronald-reagan-mca-and-the-mob
|
||
[^3]: *Finley v. Music Corporation of America*, 66 F. Supp. 569 (S.D. Cal. June 24, 1946). https://www.courtlistener.com/opinion/1556053/finley-v-music-corporation-of-america/ ; https://static.case.law/f-supp/66/cases/0569-01.json
|
||
[^4]: Moldea, Dan E. "MCA Music & the Mafia," *Regardie's*, June 1988. https://www.moldea.com/MCAMusic.html
|