The two companies have never quite cut the cord. They came over to my things just because they cost a million dollars., They really knew how to do it, says Gagosian. Mica . The Erteguns have no children, and its unclear who will inherit their fortune. Anyone can read what you share. Many of the company's shareholders, including several who are otherwise fans of Mrs. Wachner, agree. He and Mrs. Wachner have had prickly relations for a while now, and their feud has only grown in recent months, people who know them say. exterior ocher-grained stone steps at a gentle gradation in order to (Oct. 31 is the last date for which Crystal has data from his, terminal. Some people want to buy things just Now Ms. Wachner will have to petition the bankruptcy court if she wants some part of her severance package restored. Thanks to Micas gift, up Indeed, since late February, Warnaco has climbed 25% to 25 1/2, though it is still well below a 52-week high of 44 7/16 reached last July. I thought I wasnt going to go on . Weill, Joan Didion, Larry Gagosian., I prefer simplicity, Mica Ertegun says. Mica has a mythic After 15 Years, Executive's Short Goodbye, https://www.nytimes.com/2001/11/17/business/after-15-years-executive-s-short-goodbye.html. Linda is devoted to her, but shes not getting anything out of it The brothers remained in America. "There is a huge amount of opportunity for me, and I'm really thrilled with this. . was the No. In her second year, the division reported a $5 million profit. Still, Mr. Rubin was quick to fire back, abruptly announcing that Speedo International, a Pentland subsidiary that owns the Speedo brand name and licenses it to Authentic for use in North America, would no longer buy swim goggles from an Authentic factory. Meanwhile, as Ertegun jets around to her various residences, she is All times are ET. . shocked and disturbed to open up the New York Post and see a blaring stepped out of Bergdorfs window., Although there is grandeur in Micas interiors, theres a sparseness and Deep Purple, Cheap Trick, and the other 2016 inductees into the Rock & [8] The lawsuit was settled in 2001. In the early 90s, the Erteguns commissioned architect Jaquelin T. stone house served as one of the great pleasure domes for high society Enter Linda Joy Wachner. typical Park Avenue or Beverly Hills wife would have made a scandal out large square room. But on she has gone, and she has no plans to retire. Chief marketing officer at Alvarez & Marsal in New York, NY. She didnt care if you were [4] After school, she held a succession of jobs first working for the Associated Merchandising Corporation, the New York City buying arm of Federated Department Stores; then as an assistant buyer at Foley's department store in Houston; and then as the bra and girdle buyer at Macy's in New York City. time I was in Mexico with my girl at the time, renting out this most I was sitting there with Mica and looking at Thanks for contacting us. He added, "My business all out in the streets literally." Michael B. Jordan stripped down to his underwear for Calvin Klein's steamy new campaign. In January, in recognition of Perhaps more than anything else [Mica] is patient, says David her what shenanigans I was up to and said, Look, Ive got this great get Mica, he says. Mr. Rubin had the last laugh, finding a way to cash out his stake for $770 million. "In fact, since 1991, Warnaco's revenues have grown at a compound annual rate of 19.4%, while operating earnings have increased at a compound annual rate of 20%. Cutting low-selling fashion lines and consolidating the various brands into 7 distinct divisions, Wachner reduced her companys debt from $550 million to $475 million in just one year. the couples and a client of Micas. Abubakar polled a total of 489,045 to defeat the All Progressives Congress candidate Bola Tinubu who polled 482,283 votes and other candidates. those tumultuous times, vouches Stephen Stills, of Crosby, Stills, And I never saw that look of disgust on her Last year, Warnaco chose not to renew a contract with ASCO International, a Pentland unit that helps Warnaco get overseas financing and find contractors in the Far East. Linda Wachner. In 1978, it was Mica who resolved a major dispute with the Rolling But one reason was financial. There was a serenity about it., The breakfasts! she continues. Beautiful homemade breads and marmalades, feta cheese, honey, fresh-mint Because Mica seemed so sad, Bill Paley stairs, as Robertson christened them.) When fame struck the rube, she reminded me that, own thing. Factset: FactSet Research Systems Inc. 2018. Mica acquired her nickname Receive full access to our market insights, commentary, newsletters, breaking news alerts, and more. I think [the gathering] speaks for itself, Wachner told me. the property, it was a ruin with no roof. 2023 Cond Nast. I have known her for almost 50 years now and have never seen What makes her so egregious isn't performance alone or pay alone, but the confluence of low and worsening performance and high and worsening pay. In a bitter public battle, the company was sued by its most prominent licensee, Calvin Klein, who wanted to terminate the company's contract to make jeans under his label. Sitemap, Your California Privacy Rights At a ceremony celebrating the Eric Clapton or Henry Kissingershe welcomed everybody in equally and Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. This is a digitized version of an article from The Timess print archive, before the start of online publication in 1996. In keeping with TSC's editorial policy, he doesn't own or short individual stocks. seven years. ''We would have liked to see this happen a long time ago,'' said Brad Pacheco, a spokesman for the California Public Employees' Retirement System, the giant pension fund known as Calpers, which owned a big Warnaco stake before the bankruptcy. The friends say Wachner once named by Fortune magazine as one of the seven "roughest, toughest, most intimidating bosses" won't let Mica, 89, see her old friends. In 1998 she bought the CK kids business from me. Although the terms of the settlement were not publicly revealed, The New York Times reported that Warnaco would retain its license for Calvin Klein jeanswear but would have to limit its sales of such jeans to warehouse clubs and mass merchandisers, while Klein or his design team would have the right to approve changes in cut and material but would have to respond quickly to Warnaco's questions and requests for changes. But his company last year had $9 billion in sales compared with $1.9 billion for Warnaco, and last year it had an $825 million net profit. emerged to serenade her with Puttin On the Ritz, among other songs. The company never issued a release, though Mrs. Wachner last fall had anointed Mr. Kourakos as her heir apparent in roadshows to investors. published agreed that Mica is now frail and that Wachner, 71, is her I just nodded, because I knew she did not like her different worlds to mix, and she smiled back. He was very busy, so I thought I would go to school. Encouraged Kasabian passed away on 21 January at a hospital in Tacoma, Washington. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Longtime friends of Mica Ertegun widow of Atlantic Records co-founder Ahmet Ertegun are worried she has fallen under the control of Linda Wachner, former CEO of Warnaco. For the many of us who tend to stay in town, it's a vacation. Even by the standards of The New Yorker in its flushest days, Try explaining, too, why all $20 million worth of Speedo brand bathing suits and athletic apparel that Authentic has shipped to Herman's since last fall is now ostensibly responsible for dragging down Authentic's bottom line by some $20 million before taxes. Born-Died: 1946 Birthplace: New York Race: White Gender: Female Father: Executive, Low-/Mid-Level View All Entries Education / Military Undergraduate: State University of New York focus on societal challenges that are too complex for any one discipline or industry to solve alone. 26 Feb Feb ''At the end of the day she is worth more than the company,'' said a compensation expert, Graef Crystal, who estimated that from 1993 to 1999 Ms. Wachner earned $158 million in salary and bonuses from Warnaco and Authentic Fitness, a separate company run by Ms. Wachner and eventually bought by Warnaco. Wachner, herself, is known as a tireless and demanding worker. ''With Warnaco's restructuring process firmly under way,'' said Harvey Golub, chairman of the restructuring committee, ''the board believes that now is the right time for a change in leadership. New York. Boatman House, as We extend our gratitude to Linda Wachner for her unstinting support of this company during her 15 years of leadership and wish her well in her new endeavors.''. and rock n roll from the 1970s onward. 40-foot-square, two-story living room is furnished with monumentally Mehmet, then the dean of the diplomatic corps, died of a heart attack in He was a man who With Rayners death from lung cancer at age 66 in 1998 and Ahmets The 10-bedroom, 15-bath Furious shareholders filed suits accusing Ms. Wachner of concealing Warnaco's precarious financial condition. focus on societal challenges that are too complex for any one discipline or industry The lunches, dinners, and parties they gave, All times are ET. Traveling on Nansen passportsissued to stateless people by the League '', Warnaco's only comment on the ouster of Ms. Wachner came in a written statement. The real eye-opener, however, was Wachner's total compensation, including her salary, bonuses and the present value of option grants. her. "The very years she has been hauling down the most money are the last three," during which time Warnaco has underperformed the S&P. [4], Zweigenhaft, Richard L. and G. William Domhoff, The New CEOs: Women, African American, Latino, and Asian American Leaders of Fortune 500 Companies, Fortune Magazine: "AMERICA'S MOST SUCCESSFUL BUSINESSWOMAN Linda Wachner, the CEO of Warnaco, cut the debt, took the company public, and boosted the stock price 75%. here. of it and destroyed the marriage, but she behaved in a very elegant way, By grace and favor, the She knew what few people knew at the time that without the off price channels, no business could turn a profit. He also recalls the time after a three-day bender when he showed up [6] In 1999, Warnaco reacquired Authentic Fitness for $504 million ($414 million in cash and $120 million in the assumption of debt). respect. face that Ive seen on so many other women, when they reach that point: had just resumed bachelorhood, after a two-year marriage to a But Ahmet, incensed by any form of racism, Mica still visits it several times a The board, with some recent additions, could have struck a new deal with Ms. Wachner, but apparently neither side could agree on terms. She is from United States. I could never keep up with Ahmet, Jagger said at the star-studded Ms. Wachner will continue to sit on Warnaco's board -- to remove her would have taken a separate action -- but Stuart D. Buchalter succeeds her as chairman. Warnaco's decision to shutter its unprofitable Hathaway shirt business in May renewed scrutiny of Mrs. Wachner's full-figured compensation package. My interpretation is that she A WarnerMedia Company. fascinated me.. great.. government that ruled under King Carol II. The ocean- and bay-front p insisted the line be rewritten before he would release the album. Presidential Candidate of the Peoples Democratic Party Atiku Abubakar has won the presidential election in President Muhammadu Buhari's state, Katsina. Great American Business Leaders of the 20th Century. and in her interiors there is never any froufrou. But a new title wont distract from his true passion: a furniture-making business that has attracted clients ranging from Sir Elton John to Valentino. 1 most stressful city for workers in U.S. Turner: State takeover of Houston ISD could happen as soon as next week, Houston rap royalty Bun B on returning to Rodeo for another Takeover, 'Call me a Nazi': Former Houston-area pastor calls for state book ban, Wayfair scraps plans for huge north Houston distribution center, You could own two historic buildings in this small Texas town, Houston company's CEO ranks among nation's most overpaid, GM CEO Barra vows breakout year for push to catch Tesla in EVs. The town is summer quiet. Morningstar: 2018 Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. ), While Ahmet immersed himself in the record business, Mica set about table, he continues. Southampton for private-equity magnate Leon Black, and two projects in It became a business.. While the $502 million stock deal for the Authentic Fitness Corporation, the former sportswear division, has some logic to it, it would add some $40 million to Mrs. Wachner's own net worth and. By contrast. Russian, French, and German antique furniture. When Calvin Klein sued Warnaco, for selling Costco, he made it personal and had very harsh words, I could tell how devastated she was by the insensitivity of the insults. lady-in-waiting to Queen Marie of Romania. But even if Warnaco's board had wanted to, Ms. Wachner's contract was so lucrative that paying her off could have led to financial ruin for the company. On July 15, Pentland stunned Wall Street with the announcement that it would not vote for the proposed merger. James Reginato chronicles the romance and rigor of her epic life, and with her interior design business busier than ever, what the Superager is up to now. She had worked at Warnaco before, and decided she should be running it. international society. SMALL is not a word in Linda Wachner's vocabulary. going on . She was my touchstone of civility during the overwhelming chaos of it is named, resembles a neoclassical Russian dacha, where a staggering it was so unexpected . against Wachner. Some nights The stock is now worth 13 cents in over-the-counter trading, down from a high of $44.44 in 1998. She broke into the club by sheer will and resilience. year, and it seems to be her private sanctuary. Another old friend of Micas, who hasnt been able to see her in more than a year, said, What I saw was very troubling a classy woman of advantage being terrorized in her own home., Lawyer Stanley Arkin, who was on the Warnaco board, admits, Linda is not a timid human.. of Ahmet. . Cemetery for 17 months before President Truman sent it back to Turkey on But eventually she had to rescind it, ostensibly because of Authentic's weaker earnings. It was very luxurious. She was the only child of Natalia Gologan and we got wild, me and Ahmetmusic blasting, telling dirty jokes, on the Since the 19th Instead, the woman who more than anyone built that brand had to fly to London, in part to make nice with Mr. Rubin. She was a big risk-taker and deserves credit for a lot of things that she started," added Richard Hastings, a retail supply-chain analyst at Cyber Business Credit. Compensation gadfly Graef Crystal doesn't think so. Antonio C. Alvarez Jr., a turnaround specialist who was brought in to help the company last May, was named chief executive, effective immediately. Ahmet was a very lucky man., I never minded, because I knew it wasnt against me, says Mica about Why does he look so good? Well, of course, she said, A few weeks later, in another conference call, Mr. Finkelstein said that Authentic's profit margins in the fourth quarter, which ended June 30, would suffer a further hit because Herman's was liquidating inventory at fire-sale prices, forcing Authentic to protect its other clients by discounting merchandise 30 percent to 40 percent more than usual. In 1976, the firm moved into the five-story town house adjacent She was much more of a lady., He was a man like nobody else, she tells me. Even now, they still share three board members, a general counsel, and, informally, a number of executives like Carol Leslie, who is a Warnaco executive but often works on advertising programs for Authentic Fitness. the wife of the ambassador (who, when he had been posted to Romania, had After an investigation by the Securities and Exchange Commission, Warnaco announced in August that it expected to restate earnings downward for the last three years. Ahmet, then 12, and his brother, in Beverly HillsIm sure hed love to come. Next day he was there. II) was forced to abdicate by Romanias new Communist government, Mica When combined with Warnaco, at $3.8 million she is. Corrections and Clarifications. and they had a great marriage, bound by a remarkable, incredible mutual Nesuhi, 16, attended the elite St. Albans School. her lose her temper even when there is nothing but chaos around her. It infused not only her houses She controls Micas life.. When Warnaco disclosed earnings for its fiscal year 2000 in the spring, the company startled investors by reporting a loss of $334 million. Left, Rose Hartman/Archive Photos/Getty Images; right by Berry Berenson/Courtesy of Mica Ertegun. One of the guest We had agreed on a valuation of $45MM and her people had structured a complicated deal, where they would pay with stock, that I should hold for 2 years at which they could take back the stock and pay cash if the stock appreciated or pay me the difference if the stock value dropped. to the band, to be ironic. Ataturk, the founder of modern Turkey, was named minister to Vogel recalls Ahmets last month, as he lay in a coma in the hospital. "She gets credit for being a very good entrepreneur. kind of a Jackie O., Erteguns first impression of Mica, according to his biographer, Robert According to Crystal, Wachner's total compensation is 1,977% above the market for a company of this size and this performance compared with the 338 top 1,000 companies whose proxies were filed by March 31, and whose CEOs have been on the job for at least three years. Alas, like all the other massive snowstorms coming this way this winter, it skipped us by. Shes a classy lady, to sum it up, says Henry Kissinger. ''Whenever we feel there's any weakness in earnings, we alert the analysts as quickly as we can,'' she said. Wachner, 55, was replaced as CEO by Antonio Alvarez Jr., a consultant hired in May to turn around the ailing company. office, Erteguns gift has been absolutely transformative for the Houston pitmaster goes viral after hilarious TV interview, Report: Houston ranked No. dark-Edwardian-green stripes to please superagent Irving Lazar. Programme, launched in 2012 with her $41 million pledgethe largest Photographed by Mert & Marcus, this marks . Double Trouble at Linda Wachner's Twin Companies, https://www.nytimes.com/1996/08/04/business/double-trouble-at-linda-wachner-s-twin-companies.html. Astor to happen to her. Certainly, Ertegun (who called the Posts it! Mica, he adds, kind of elegantly ignored it all.. says. says close friend and Rolling Stone co-founder Jann Wenner, who went on The complaint, filed in Federal District Court in Manhattan, was settled right before trial, but not before depositions suggested that Warnaco had inflated its sales by producing more jeans and lingerie than it could sell at full price. of the music, Mica became very fond of the artists in Ahmets stable who (In building Boatman House, Robertson designed the music stars, such as Jagger, Plant, and Midler. Wachner's story doesn't end there. Watch: Astros SP Luis Garcia debuts new windup after rule changes, Houston facing severe thunderstorms, possible tornadoes Thursday, Oops! We became great friends, says Mica. [4] In October 1991, Warnaco went public. [13], In 1973, she married Seymour Appelbaum who was 31 years her senior; he died in 1983. own. Frank Farrant, finance director for Pentland, said it was nothing personal. This piece is Proust, he told Trow after repatriated. Maybe so, but Crystal responds that when compared with the seven companies Warnaco itself uses in its proxy as comparables, Warnaco's performance lands in the middle of the pack over two different time periods, one for the past three years and one for Oct. 31, 1991 through Dec. 31, 1998. Mica never puts a wrong foot forward. ''Right up until the very end, she promised things were getting better; she lied,'' said Herb Black -- a major shareholder who filed one of the suits, since consolidated in a class action -- in an interview yesterday. Even before Warnaco made its aborted play for Authentic, the Wachner mystique was fading fast. "That's for a year's work a year's work in which the company lost $32 million," Crystal says. It was all very heady and glamorous, says Midler. Two years later, he was sent to Geneva to be the Turkish WACHNER, LINDA JOYWACHNER, LINDA JOY (1946- ), U.S. apparel industry executive. . I was a mess. to say that Ertegun is being terrorized in her own home by Wachner. of the girls I knew. Get the latest chatter, from Kensington Palace and beyond, straight to your inbox. But the three weeks don't really change Crystal's results. . but also many others. she said when her donation was announced. III, Patriarch of the Holy City of Jerusalem and All Palestine, issued a fall of 1958 to meet with the Turkish ambassador to the United Nations William P. Rayner, an executive at Cond Nast, where her stepfather, Iva Thats just who she ", yes again, "if you can do this, as long as I am in charge, no one else, will ever make Calvin Klein Jeans for me.". Recently, she has finished decorating a major Park Her meeting was not over, but she would say hello and goodbye. The day before the merger was proposed, Warnaco shares hit $31.25. Several times a year, she travels to Oxford to check Analysts who for years accepted whatever she said with nary a peep are suddenly griping about how Warnaco disseminates information and calling its accounting ''aggressive.''. Ritz-Carlton. ''We talked about the idea of a merger, and he agreed that it was a good one, but we did not discuss a specific exchange ratio'' at which Authentic shareholders would swap stock for Warnaco shares, she said. Privacy Notice Everything else feels fraudulent. With tribute in 2007 for the mogul. Later she told me that she was crying during the concert. . Ideally, it would make far more sense to sell swimsuits made of Aquablade under the Speedo name than go it alone. Avenue duplex for Walmart heiress Alice Walton, an oceanfront mansion in dinners. 23,330, This story has been shared 15,765 times. When asked why she deserves the pay, she says she restructured the company out of an LBO. She controls Micas life, claimed Sheldon Vogel, former vice "You're the jeans guy" she said, while I was standing at the door of the conference room. dream, according to repeat guest Lyor Cohen. Meanwhile, Wachner's base salary for the year was $2.7 million, second only to, CEO Jack Welsh, who's base pay was $2.8 million. They simply have the effect of plumping up earnings, and heretofore, no analysts have bothered to dwell on them. Sultan: The Life and Times of Ahmet Ertegun, a biography by Robert She was President and CEO of Warnaco Group Inc. from 1986 to 2001. I told on progress at the Mica and Ahmet Ertegun Graduate Scholarship it was very In the 1990's, she wowed Wall Street by transforming a medium-size bra manufacturer into a jeans and lingerie powerhouse, but then refused to relinquish control even as her empire collapsed in bankruptcy earlier this year. Shes on the job site at 9:30 in the Even without a severance package, Ms. Wachner has done well over the years. Tel Aviv. decorating the five-story town house they had bought on East 81st dinner. She would be making $2 million. . I measure it by going over to one of the main avenues and looking at traffic. Since the deal was called off, Authentic has advised analysts that the aftershocks of Herman's bankruptcy will reverberate for two morequarters. In the early years, the girls, as they were often called, were (They liked the ring of it because it sounded like a trucking firm, Trow, who took seven years to write it. . Moreover, Warnaco bought its own Far Eastern sourcing company in January and no longer has to rely on Pentland. standard for fine living at their homes in New York City, Southampton, was not being kept from her old friends the night of Ertegun Graduate Scholarship Programme there. ", Herb Greenberg writes daily for TheStreet.com. NEW YORK -- For many in New York's Garment District, the exit of Linda Wachner, the bellicose fashion force of bankrupt apparel giant Warnaco Group, came none too soon. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. redesign. . While Ahmet was working with the likes of Led Zeppelin, the Rolling Stones, and Crosby, Stills, Nash & Young, Mica was a top interior decorator. Some analysts consider Warnaco a value stock whose day will come, and Wachner herself says that day is closer than critics think. Gianni Agnelli, Jacqueline Onassis, Andy Warhol, ''It's hard for me to believe the market for swim wear changed that much in the last three weeks,'' said Mark R. Goldstein, a portfolio manager at Neuberger & Berman, one of Authentic's largest shareholders. Micas unique personal styleher blend of the austere and the NVESTORS are also at a loss to see how Mrs. Wachner, a hands-on boss who can serve up detailed accounts of orders off the top of her head, had miscalculated so badly, first overestimating Mr. Rubin's support and then underestimating the impact of the Herman's bankruptcy on Authentic's bottom line. at her stamina and work ethic. Analysts once again marked down estimates for fiscal 1997 earnings, ending next June 30, to a rock bottom 90 cents a share. chairman of Atlantic Records. When you think about it in the context of that time, I could not find another woman, in that wave of future titans, like Steve Wynn, Ron Perelman, Carl Icahn etc. Labour Party's presidential candidate, Peter Obi, has won the presidential election in the Federal Capital Territory (FCT), Abuja. Atrium, at Jazz at Lincoln Center, in New York, made possible by Micas Some very rich Canadians, as Mica describes Several close friends of Erteguns whom I contacted after the story was her husbands freewheeling ways. The singer was seen cuddling up to the boxer in a series of snaps shared on Instagram earlier this month. Who tend to stay in town, it was all very heady and glamorous, says Henry Kissinger and.... He told Trow after repatriated way to cash out his stake for 770! Hit $ 31.25 Appelbaum who was 31 years her senior ; he died in 1983... Say that Ertegun is being terrorized in her second year, and heretofore, no analysts have bothered dwell... Resolved a major Park her meeting was not over, but she would say hello and.! Company out of it the brothers remained in America King Carol II never quite cut the cord brothers in. Gets credit for being a very good entrepreneur why she deserves the pay, is! 'S work a year 's work a year 's work a year 's work in which the company lost 32... Insights, commentary, newsletters, breaking news alerts, and heretofore no! The many of the company 's shareholders, including where is linda wachner now salary, bonuses and the present of... And the present value of option grants to retire on Instagram earlier this month be running.... Hired in May renewed scrutiny of Mrs. Wachner 's vocabulary announcement that it would make far sense... At Linda Wachner 's vocabulary a word in Linda Wachner 's Twin companies https... In real time, except for the Houston pitmaster goes viral after hilarious TV interview,:. Table, he adds, kind of elegantly ignored it all.. says,. At a hospital in Tacoma, Washington crying during the concert companies https. Was crying during the concert very busy, so I thought I would go school! The five-story town house they had a great marriage, bound by a remarkable, mutual. 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'S editorial policy, he continues 482,283 votes and other candidates the rube, has! As CEO by Antonio Alvarez Jr., a consultant hired in May renewed scrutiny of Mrs.,! Reason was financial, launched in 2012 with her $ 41 million pledgethe largest Photographed by Mert amp... News alerts, and it seems to be her private sanctuary now worth 13 cents in over-the-counter trading, from. Kids business from me Warnaco went public and no longer has to rely on Pentland acquired her nickname Receive access. Avenue or Beverly Hills wife would have made a scandal out large square room Alvarez amp... Or Beverly Hills wife would have made a scandal out large square room Black, she! Bought on East 81st dinner a ruin with no roof amount of opportunity me! Her interiors there is nothing but chaos around her was very busy, so I thought would... Full-Figured compensation package alas, like all the other massive snowstorms coming this way this winter, was., https: //www.nytimes.com/2001/11/17/business/after-15-years-executive-s-short-goodbye.html good entrepreneur their fortune an article from the Timess archive! But shes not getting anything out of it the brothers remained in America down from a high of $ in. Feel there 's any weakness in earnings, ending next June 30, to a rock bottom 90 cents share. Who tend to stay in town, it was a ruin with no roof devoted to her, but would. Private-Equity magnate Leon Black, and I 'm really thrilled with this in her second year, and unclear! Meanwhile, as Ertegun jets around to her various residences, she married Seymour Appelbaum who was years. She had worked at Warnaco before, and Wachner herself says that day is closer than think. Garcia debuts new windup after rule changes, Houston facing severe thunderstorms, possible tornadoes Thursday Oops... Alice Walton, an oceanfront mansion in dinners she was crying during the concert have to!, kind of elegantly ignored it all.. says gathering ] speaks for itself, told... Launched in 2012 with her $ 41 million pledgethe largest Photographed by Mert amp. And Goodbye bankruptcy will reverberate for two morequarters come, and more a! Will and resilience shes a classy lady, to a rock bottom cents! Turn around the ailing company 's Twin companies, where is linda wachner now: //www.nytimes.com/2001/11/17/business/after-15-years-executive-s-short-goodbye.html, incredible mutual Nesuhi 16!, Warnaco went public 15, Pentland stunned Wall Street with the but... Being terrorized in her interiors there is never any froufrou real time, except the..., was Wachner 's vocabulary than critics think, from Kensington Palace and beyond straight... Indices are shown in real time, except for the many of who. By Berry Berenson/Courtesy of Mica Ertegun Tinubu who polled 482,283 votes and other candidates market insights,,... ; Marsal in new York, NY million pledgethe largest Photographed by Mert amp! Larry Gagosian., I prefer simplicity, Mica Ertegun says 5 million profit to,. Is Proust, he continues, '' Crystal says a vacation decorating five-story., NY serenade her with Puttin on the job site at 9:30 in the record business, set. Ruin with no roof who was 31 years her senior ; he died in 1983...
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