▁Under ▁his ▁ste ward ship ▁the ▁company ▁went ▁from ▁ear ning ▁$ 2 0 ▁million ▁in ▁ 1 9 7 8 ▁to ▁$ 9 0 ▁million ▁in ▁ 1 9 8 1 . ▁ ▁In ▁June ▁ 1 9 8 1 ▁he ▁joined ▁Un iver al , ▁becoming ▁president ▁the ▁following ▁year . ▁He ▁quit ▁in ▁December ▁ 1 9 8 3 . ▁ ▁In ▁ 1 9 8 3 , ▁he ▁became ▁co - ch air man ▁and ▁chief ▁executive ▁officer ▁of ▁New ▁World ▁Entertainment , ▁Inc ▁until ▁ 1 9 8 9 , ▁when ▁he ▁and ▁producer ▁M ace ▁Ne uf eld ▁co - f ounded ▁the ▁motion ▁picture ▁production ▁company ▁Ne uf eld / Re h me ▁Produ ctions . ▁ ▁It ▁was ▁during ▁this ▁time ▁that ▁he ▁created ▁the ▁pictures ▁for ▁which ▁he ▁is ▁most ▁known , ▁such ▁as ▁Patri ot ▁Games ▁and ▁Fl ight ▁of ▁the ▁In tr uder . ▁▁ ▁Re h me ▁served ▁as ▁a ▁governor ▁of ▁the ▁Academy ▁of ▁Mot ion ▁Picture ▁Arts ▁and ▁Sciences ▁for ▁eight ▁years ▁before ▁becoming ▁President ▁in ▁ 1 9 9 2 , ▁succeed ing ▁Karl ▁Mal den . ▁Prior ▁to ▁that ▁he ▁had ▁been ▁President ▁of ▁the ▁Academy ▁Foundation . ▁He ▁could ▁only ▁serve ▁as ▁Academy ▁President ▁for ▁one ▁year ▁as ▁Academy ▁rules ▁st ip ulated ▁that ▁he ▁could ▁only ▁sit ▁on ▁the ▁board ▁for ▁nine ▁consecutive ▁terms . ▁He ▁rejo ined ▁the ▁board ▁and ▁became ▁President ▁for ▁a ▁second ▁time ▁from ▁ 1 9 9 7 ▁to ▁