Transcript
Introduction
In 1984, Oprah was riding high. She was already Chicago's most popular TV talk show personality, and the local ABC affiliate that produced her show was paying her $230,000 a year. Her agent had negotiated a 4-year contract with annual salary increases of $30,000 a year.
She was pleased at first, but then began having second thoughts. “3 separate ABC people stopped me to tell me what a great guy my agent was,” Oprah said. “And that didn't make sense to me.” Oprah's natural skepticism was aroused, and she fired her agent. She replaced him with a Chicago lawyer named Jeffrey Jacobs.
"'I had heard Jeff is a piranha,” Oprah said. "'I like that. Piranha is good.” That key decision turned Oprah from employee to capitalist and vaulted her out of the ranks of the merely well-paid into the Forbes 400. Her show now airs on more than 200 stations in the United States and in 117 foreign countries.