Word: biondi
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Dates: during 1990-1999
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...most dramatic proof of his theory, says Seligman, came at the 1988 Olympic Games in Seoul, South Korea, after U.S. swimmer Matt Biondi turned in two disappointing performances in his first two races. Before the Games, Biondi had been favored to win seven golds--as Mark Spitz had done 16 years earlier. After those first two races, most commentators thought Biondi would be unable to recover from his setback. Not Seligman. He had given some members of the U.S swim team a version of his optimism test before the races; it showed that Biondi possessed an extraordinarily upbeat attitude. Rather...
Others saw him more harshly. Last week, asked why Redstone would have wanted to get rid of Snyder, a source close to Davis compared him to Captain Queeg, saying, "It was a matter of how long before your patience runs out. He got more and more imperialistic." Frank Biondi, the president and CEO of Viacom and the man who fired Snyder, says simply, "Dick Snyder's operating philosophy and Viacom's operating philosophy were just at odds with each other...
...might also be a personal coup for Huizenga, 56, who may yet play a dominant role in the sprawling new company. While Biondi, 49, will remain Viacom's chief executive officer, industry leaders who know Huizenga well say he could swiftly become the real power. "He is lightning quick, a classic trader and a gambler," says an entertainment-industry executive. "He looks at Sumner, who is 70. He eats Biondi instantly. He comes out on top." In a sign of Huizenga's likely clout, Redstone flew to Blockbuster headquarters in Fort Lauderdale, Florida, last week to confer with...
...also spells the almost certain end of the Paramount career of Martin Davis, who has run the corporation since 1983 but was relegated to the role of bystander in the protracted struggle. There will be no room for Davis in the merged company, which will be headed by Redstone, Biondi and Blockbuster chairman H. Wayne Huizenga, who is to become Viacom's vice chairman. Davis will leave with a fat consolation prize, however, when he cashes in his Paramount stock for roughly $120 million...
...same time, Greenhill instructed Levitt to maintain contact with his pal Berrard. The strategy paid off on Christmas Day, when Levitt, calling from New Jersey on his Jeep Cherokee car phone, got Berrard on the line at a golf resort in Arizona. Also hooked up at various times were Biondi, who was in Scottsdale, Arizona, and two other members of the Viacom camp in Houston and Long Island's Hamptons. "Steve," said Levitt, "let's talk...