Chapter 9: An Alliance of Swine
Excerpt from Kingdom Under Siege: The Wall Street War over Disney, by Taylor Johnson
Ultimately, Jon Boesky would get his bar mitzvah[1]. In addition to an appearance by Miss Piggy, who famously posed with Ivan Boesky in an image that made the cover of
Vanity Fair and became iconic of the mid-eighties[2], the Henson team brought several of the Muppets, in particular their many Muppet pigs, to the event. Jim Henson reprised his role as the dim-witted Link Hogthrob, Jerry Nelson played the bizarre Dr. Strangepork, and Louise Gold returned from London, and the set of
Spitting Image, to play the ingénue Annie Sue. They performed several custom sketches, with Link bringing down the house with the line “Being mostly pork myself I didn’t expect to be this welcome at a bar mitzvah.”
In addition to the appearance, the Muppets team made custom Muppets of the entire Boesky family and gave Ivan one of the Miss Piggy Muppets they’d used in the event. Boesky displayed both the Piggy Muppet and the him-Muppet at his corporate headquarters. Both would be lost, along with a considerable portion of his fortune, to the Federal Government when he was arrested and imprisoned on insider trading charges two years later[3]. The two Muppets are now displayed in the lobby of the Securities and Exchange Commission headquarters in Washington, DC, and make occasional appearances in temporary exhibits at the Smithsonian.
Needless to say, the story of Frank Oz and Ivan Boesky made its way into the media. The “Piggy & Piggy” story spread like wildfire through the press. For the next two years a humorous false-rumor began circling the Hollywood gossip columns that Ivan Boesky and Miss Piggy were having an affair, something that made both Boesky and Oz laugh. Disney “officially” denied the rumors, though Stanley Gold “broke ranks” and told a reporter how “ashamed” he was of Boesky for the “affair”, crudely stating, “as a practicing Jew [Boesky] should know better than to eat pork.” This was typically changed to “be seen with pork” when printed. The rumored affair was a running gag that Henson and Oz had a lot of fun playing with, with Piggy coyly, and unconvincingly, denying everything while a flustered Kermit pretended not to care. Ultimately, they dropped the schtick when young fans started to write worried letters, afraid that Kermit and Piggy were going to break up. Kermit and Piggy even held an ersatz press conference to “dispel the many rumors” surrounding their relationship, said relationship being portrayed in the bizarre, dysfunctional, and ambiguous way it always had been.
And the world moved on. Disney would continue on under a new hybrid management arrangement, the old guard now forced to come to terms with the new reality of outside corporate interests on the board. Holmes à Court would cut his losses and move on, the whole affair being more opportunistic in the end than personal. ACC would even go on to negotiate production and distribution deals with Disney as if nothing had happened.
In the end, the story of Boesky’s “change of heart” has been interpreted as more of a calculated business move on his part than a sign of any real love for the company or an “alliance of swine,” as Tom Brokaw would put it. Simply put, he sold his shares for a substantial profit. Some have called it “greenmail”, though the offer at the time, $97-per-share against a going rate of $92.7-per-share, was not too excessive or even unusual under the circumstances. Disney and the Round Table simply outbid Holmes à Court.
For Boesky, of course, the celebrations would be short lived. Within 2 years he’d be arrested, turn state’s evidence, and serve prison time for his role in a complex insider trading scheme.
As a strange epilogue, while imprisoned in Lompoc Federal Prison Camp, Ivan Boesky got a visit from Frank Oz, with Miss Piggy in tow. The two shared what both would later describe as a funny, heartfelt discussion. Alas, no accounts or recording of this conversation have been released.
For years afterwards Boesky and Oz remained on friendly terms, occasionally meeting for meals or drinks or raising funds together for charitable causes such as the National Holocaust Museum.
An alliance of swine indeed.
- - -
Robert Holmes à Court, meanwhile, licked his wounds and began rethinking his long-term strategy. He was interrupted by his receptionist. There was an important call for him.
Holmes à Court picked up the receiver. An American voice, tinted with a Southern drawl, spoke to him. “Hello, Mr. Holmes à Court, my name is Ted Turner, and I have a proposition for you.”
[1] I honestly have no idea if Jon Boesky had a bar mitzvah in our timeline, but I assume he did. He would have been turning 13 in late ’84 to early ’85 (I don’t know his birthday, just his rough age), so presumably he would have had one. Ivan Boesky became more devout and observant in his later years, but I have no idea of his faith before 1986’s imprisonment and reckoning. Still, traditions are important even to the secular.
[2] In this timeline 1987’s
Wall Street references and satirizes this famous moment when Gordon Gekko is shown being photographed with a puppet gecko.
[3] As happened in our timeline.