Word: biondi
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Dates: during 1990-1999
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...potentially invaluable Babe franchise are the last thing Universal needs. The studio has been in turmoil for months, firing a number of top executives and misfiring with a number of expensive films, including Primary Colors and Mercury Rising. Late last week came reports that Universal Studios chairman Frank Biondi was out of the top job. Adding insult to injury, the aborted Babe benefit had been arranged by Biondi's wife. Universal made a contribution to the Defense Fund. Now it has to hope that Miller can turn Babe from a sow's ear into a silk purse from which...
...FIRING: EPILOGUE] Viacom's Sumner Redstone fires Frank Biondi; stock falls...
...executive team backward. When talks with Ovitz fell through, he hired Ovitz's partner, Meyer, as No. 2 man. Meyer installed his associate Sandy Climan and his friend Weitzman in top executive jobs. Both are now gone. And finally, with the key players already in place, Bronfman hired Frank Biondi as chairman of the company...
Then, last October, Bronfman announced that he was essentially selling Universal's television and cable operations to his friend and mentor, Barry Diller. Since those were supposed to be Biondi's strengths, the move was widely regarded as emasculating Biondi. Bronfman has pointed out that Seagram's 45% stake in Diller's firm has soared more than $1 billion in value. Biondi soldiers on, noting that Universal's profits are on a par with the industry. He adds, "And we expect continued strong growth in profitability--on the order of 20% a year--for the next two years...
Such stars as Bruce Jenner, Dick Button, Matt Biondi, Evelyn Ashford, Dan Jansen, Dorothy Hamill and Jim Craig will gather in Atlanta to commemorate the Centennial games. They will also enjoy special seating at the Olympic Opening Ceremonies as well as complementary Olympic event tickets...