Special Report: Peter M. Hoffman on Karmic Winds

Peter M. Hoffman talks with Mike about Karmic Winds: Reflections from the "Smartest Guy in Hollywood", his memoir written largely in pencil during an eight-month prison sentence for a tax-credit case a federal judge had already ruled legal. Hoffman traces his path from Yale tax law into the movie business, tax-engineering Superman for Alex Salkind, working with manager Albert Grossman, and untangling Dolly Parton's publishing split from Porter Wagoner so she could reclaim her catalog outright.

They dig into Carolco, the independent studio Hoffman built with Mario Kassar and Andy Vajna, from the capital-gains maneuver that got Marlon Brando paid on Superman to landing Terminator 2 and Basic Instinct as back-to-back worldwide number-one grossers. Hoffman talks Verhoeven's instincts on Basic Instinct's ending, the collapsed Crusades project, buying Joe Eszterhas's script amid protest, and favorites like The Believer, Stander, and Jacob's Ladder.

Karmic Winds is out now; Hoffman's next project adapts The Master and Margarita.


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