Seagram's Bronfman looks for a way to spend his oil profits
Surrounded in his office on the fifth floor of the Seagram Building on Manhattan's Park Avenue by Rodin sculptures and a tapestry by Miro, Edgar Bronfman, 51, the wavy-haired chairman of Seagram Co. Ltd., exudes a certain air of contentment. He should. Last year Bronfman sold the Texas Pacific Oil Co., which Seagram had bought in 1963 for $256 million, to the Sun Co., for $2.3 billion. Bronfman's nest egg has since grown to a stunning $3 billion through shrewd asset management, and he...
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