Wednesday, August 6, 2008

Ed McMahon's Money Problems: Should We Really Care About Millionaires in Financial Distress?

Michael Russnowby Michael Russnow

For the past couple of months we have been subjected ad nausea to the financial woes of Tonight Show announcer and TV pitchman Ed McMahon, and with all the legitimate concerns of ordinary citizens, who've lost their jobs and/or homes, I have to ask who really gives a damn?

Frankly, I have little sympathy for folks like McMahon, who have been gifted with extraordinary success and, in his case, incredible luck, having been propelled from relative obscurity as a studio announcer to national prominence thanks to the generosity of his colleague Johnny Carson. It was Carson, who'd been offered the Tonight Show, who insisted that his Who Do You Trust announcer move along with him to his long run gig at NBC late-night.

Since that fateful day in 1962, McMahon has become a well-known pitchman and TV Host of Star Search, making millions and millions of dollars in the process. How many of us have shared his good luck and fortune? Obviously very few, but somehow the bulk of us manage to make do, living our lives without the capacity or necessity of going on shows like Larry King Live et al to engender sympathy.

Is his bad luck a legitimate news story? Yes. But the real question is why he has not been lambasted for stupid behavior. Instead, we are told that he was such a generous man, who liked to tip big and had alimony to ex-wives and had to pay for his daughter's legal problems, etc. We are also expected to feel bad that he can't get the price he wanted to sell his multi-million dollar mansion.

http://www.huffingtonpost.com/michael-russnow/ed-mcmahons-money-problem_b_116169.html

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