Giancarlo Parretti is an Italian financier.In 1989, he took over Cannon Film Group Inc. from Menahem Golan and Yoram Globus. Almost immediately, he made plans to take over the storied French studio Pathé, and changed Cannon's name to Pathé Communications. However, the French government blocked his bid due to concerns about his background.Undaunted, Parretti bought Metro-Goldwyn-Mayer in 1990 for $1.2 billion, using money borrowed from a Dutch subsidiary of Crédit Lyonnais and contingent on future profits financing the purchase from mogul Kirk Kerkorian. Parretti then merged the former Cannon with the MGM purchase to create the short-lived MGM-Pathé Communications.
Under Parretti's control, MGM released almost no films (one victim being the James Bond franchise), while Parretti enjoyed a Hollywood mogul lifestyle. He fired most of the accounting staff and appointed his 21-year-old daughter to a senior financial post. He used company money for presents to several girlfriends, including a former runner-up for Miss Universe. His reign at MGM became the basis for the film Get Shorty, which was produced by MGM.
In 1991 his ownership dissolved in a flurry of lawsuits and a default to Crédit Lyonnais, and Parretti faced securities fraud charges in the United States and Europe.In March 1999, he was found guilty of misuse of corporate funds and fraud and he was sentenced in absentia to four years in prison and fined 1 million francs by a Paris court.
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Some of their strengths
Giancarlo Parretti has many admirable traits.
Based on spiritual traditions from around the world, they are someone who can be described as Diplomatic, Confident, Emotional, Intelligent, Inquisitive, Imaginative, and Practical.
Intelligent and Inquisitive
According to Mysticism’s Astrology tradition, Giancarlo Parretti is someone who is an intelligent, inquisitive, and imaginative person, who is practical, considerate, kind, and diplomatic in dealings with others. A person who is known for being a good communicator.
Soulful and Intuitive
Based on Daoism’s Ba-Zi or ‘Chinese Zodiac’ tradition, people who know Giancarlo Parretti well know them as someone who can be graceful, romantic, and reserved, like gentle rain.
Imaginative and Sentimental
According to Hinduism’s Jyotisha or ‘Vedic Astrology’ tradition, many would also describe Giancarlo Parretti as someone who is imaginative, sentimental, and in touch with emotions.
A person who has extremely good memory and analytical skills, likes to make sure that everyone gets along, enjoys all kinds of situations and people, has a talent for travel and languages, and who makes lifelong friends.
Social and Intuitive
Based on the Mayan Tzolk’in or ‘Mayan Astrology’ tradition, Giancarlo Parretti is someone who values forming deep friendships and relationships, and who has strong intuition and reasoning skills .
They are also someone who is intuitive, imaginative, and an agent of change, and who is always dreaming of life's great possibilities and partnering with people to try to achieve those possibilities.
Justice-seeking and Peaceful
According to Judaism’s Kabbalah tradition, Giancarlo Parretti tends to be someone who loves peace and is ready to go to any costs to achieve it. Who has a taste for the good things in life, tends to be a good organizer, has a thirst for knowledge, and who tends to have the respect of friends and acquaintances.
Some of Giancarlo Parretti's challenges
While Giancarlo Parretti has many strengths, nobody is perfect. They also have some challenging traits they need to manage.
For example, Giancarlo Parretti can be Stubborn, Hesitant, Narcissistic, Complicated, Brusque, Arrogant, and Status-seeking.
Hesitant and Narcissistic
One of Giancarlo Parretti's key challenges is that they are someone who can be hesitant and narcissistic.
Irritable and Moody
Giancarlo Parretti is someone who can be irritable and moody, have a tendency to experience self-doubt, be too secretive, can take too many risks, and who can have an extreme approach to managing personal finances.
Pleasure-seeking and Indecisive
Finally, Giancarlo Parretti also can put others first too much, and hem-and-haw too much when making a decision.
