Recent Joel Schumacher interview on recent Projection Booth podcast episode on Falling Down (approx 2:11:15).
Schumacher was asked to direct Last Action Hero. He didn't want to do it, but it was a lucrative offer. He said this in reference to how he made the decision to not direct:
I'll tell you who helped me the most was David Geffen, because I called him, and I told him about the situation.
I didn't tell him how much the check was at Warner (Bros.), but i just told him it would be the biggest money I've ever seen. He said "Be careful; sometimes the Devil comes with the biggest paycheck," and I said to him "Well, you oughtta know!"
Joel Schumacher is gay,. and Geffen was not part of the Warner Bros/ Last Action Hero deal. Schumacher, and Geffen are longtime friends. I just listened to the episode, and there have already been implicated in child abuse. I just thought this little anecdote was worth sharing. Interesting choice of language. Geffen co-founded DreamWorks with Spielberg, and Katzenberg btw.