Jules C. Stein
Jules C. Stein | |
---|---|
Music Corporation of America | |
Spouse | Doris Jones Stein (1928–1981; his death) |
Children | 2 daughters, including Jean Stein; 2 stepsons |
Jules C. Stein (April 26, 1896 – April 29, 1981) was an American physician and businessman who co-founded
Early life and education
Stein was born in
Career
In 1924, he contributed $5,000 and along with equal contributions from Fred Hamm and Ernie Young, founded the
In 1937, MCA opened an agency in Hollywood and began to represent such stars as
In 1958, Music Corporation of America was reincorporated as MCA, Inc. which it was known by and took its stock public. Dr. Stein's biggest accomplishment came in 1962 when his company announced it was buying American Decca Records and its subsidiary Universal Pictures; however that same year, a federal antitrust suit was started against MCA. Both parties reached an agreement that MCA dispose of its worldwide talent agency business to go forward with its acquisition. Stein had been sole owner of the organization until 1954, when he voluntarily distributed 53 percent of his interest to key executives and employees, with 10 percent of the stock placed in an innovative MCA profit-sharing trust. Stein served as president of MCA until 1946 when he named Lew Wasserman as his successor as chief executive. He continued as chairman of the board until 1973 and remained a director thereafter.[2]
Philanthropy
Jules Stein and his wife Doris founded the
In 1960, Stein founded the nonprofit organization Research To Prevent Blindness.
In 1942, Stein, John Garfield, and Bette Davis, also founded the Hollywood Canteen. (The Stage Door Canteen was on the US' East Coast).
Personal life
In 1928, he married Doris Babette Openheimer (née Jones) who was also of Jewish descent. She had two sons, Harold and Gerald, with her first husband, Harold Oppenheimer, a Kansas City car dealer whom she married at the age of eighteen;[1] Stein raised her sons as his own. Doris was also a cousin of the actor George Jessel. Stein and Openheimer had two daughters:
- Jean Stein (1934-2017), author and editor, married William vanden Heuvel, a diplomat and lawyer who served in the U.S. Justice Department under Robert F. Kennedy. They had two children: journalist and television personality Katrina vanden Heuvel, editor-publisher of The Nation; and Wendy vanden Heuvel (born 1961), an actress and producer in New York. Jean Stein later married Torsten Wiesel, a co-recipient with David H. Hubel of the 1981 Nobel Prize in Physiology or Medicine.
- Susan Stein Shiva (1936-1983) married Gil Shiva of New York.[3] They had two children: Alexandra Elizabeth Shiva,[4] and Andrew Shiva PHD, who founded the National Currency Foundation.[3][5]
Stein owned Misty Mountain, a Wallace Neff designed house on Angelo Drive. Stein bought the house in 1940; it was sold after his death to Rupert Murdoch.[6] Jean Stein wrote of her upbringing in the house and her parents' parties there in her 2016 memoir West of Eden.[7]
Jules Stein died in
References
- ^ a b c d e f g The Last Mogul: Lew Wasserman, McA, and the Hidden History of Hollywood By Dennis McDougal
- ^ a b c d Kihss, Peter (April 30, 1981). "Jules C. Stein, 85, Founder of MCA, Dies". The New York Times. p. B12.
- ^ a b c New York Times: Weddings "Anya Herz, Andrew Shiva" November 21, 2008
- ^ New York Times: "Mrs. Susan Stein Shiva" January 5, 1983
- ^ National Currency Foundation: Andrew Shiva retrieved April 9, 2013
- ^ Mark David (20 March 2015). "Rupert Murdoch Sells BevHills Estate to Son James". Variety. Retrieved 28 August 2019.
- ISBN 978-1-4735-2235-0.
- "Jules Stein, MD (deceased)". The American Society of Cataract and Refractive Surgery. 2008. Retrieved 2008-01-17.
- "About Jules Stein". Jules Stein Eye Institute. Retrieved 2018-04-10.