Waitt, who sports casual clothes and shaggy strawberry-blond hair, is one of myriad monied outsiders buying their way into show business, including Marshall Field heir Frederick (Ted) Field and Federal Express founder Frederick Smith.
When he arrived in Hollywood in the early 1980s, Marshall Field's department store heir Frederick (Ted) Field, now 49, learned a valuable lesson from the natives: Use other peoples' money.
When he arrived in Hollywood in the early 1980s, Frederick (Ted) Field, a Marshall Field department store heir who is now 49, learned from the natives: use other peoples' money.