Guarino: No Porn for Daughter
Kenneth Guarino, currently President-CEO of Capital Video Corporation, was previously Chairman and CEO of South Pointe Enterprises, a seller of adult videotapes, magazines and sex toys. The Wall Street Journal profiled Guarino and South Pointe in 1994:
...Mr. Guarino is a rich man. He lives in a luxurious home on Narragansett Bay, drives a Mercedes, and--federal prosecutors in the Las Vegas case say--has numerous foreign bank accounts.
On a recent morning at the South Pointe warehouse, two dozen stock workers are collecting bar-coded videos and marital aids from a maze of inventory piled on 15-foot-high shelves. "These are your rubber goods," Mr. Guarino says, gesturing to the far corner. "They never go out of fashion."
Later in the day, his wife stops by the corporate offices with their 18-month-old daughter. The little girl wiggles free of her mother and wanders into the wood-paneled board room where her father is.
Would Mr. Guarino ever let his daughter watch his films? Absolutely not, he says. And does he watch them himself?
"Never," he says. "It's like selling doughnuts. After a week or two you aren't going to want to eat any more doughnuts. It's just a business. I like to watch the numbers."
Excerpted from "Porn Broker: A Publicly Held Firm Turns X-Rated Videos Into a Hot Business", The Wall Street Journal, July 11, 1994
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