Wasserman managed to forge very strong and strategic alliances within the agency and outside Hollywood. Wasserman was very good friends with Ronald Regan, James Stewart, Henry Fonda and many more. Reagan and Wasserman maintained a very close relationship on and off the scene even though it has been stated their wives were not too fond of each other. Ronald Reagan’s career as an actor had peaked out when Wassermann noticed how powerful a speaker Reagan was. It was then that Wasserman began to plant the seeds of Reagan’s political career, a move that came as a result of an investigation into the business practices of Wasserman and other MCA executives. The investigation cost Wasserman and his partners millions of dollars and was also very humiliating. As a result Wasserman began to position his long time friend Ronald Reagan strategically to build a political career first by helping him become President of Screen Actors Guild SAG, then Governor of California and eventually president in 1980.
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