Word: boss
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...jacket and donned a Men in Black T shirt for his big entrance. "Just a little marketing gimmick," jokes Idei. "But the guests congratulated us." Idei got hoots of approval for Sony Pictures Entertainment's biggest film of the year from the likes of Disney CEO Michael Eisner, Intel boss Andy Grove, Seagram's Edgar Bronfman Jr., Time Warner's Jerry Levin and DreamWorks' Jeffrey Katzenberg, to name...
Idei, 59, is the first Japanese to crack this exclusive club, a symbolism not lost on Howard Stringer, president of Sony's U.S. subsidiary. "He is a player," exults Stringer, the former CBS network boss brought in by Sony to clean up the mess at its U.S. operation. "He is young, dynamic, and he is taken seriously by this crowd. It's in the ether...
...Trust, which is in a vicious proxy contest this week with Hilton Hotels for control of ITT Corp. By topping Hilton's offer with a $10.2 billion bid for ITT, Sternlicht has thrust himself into what had been a very personal battle between Hilton CEO Stephen Bollenbach and ITT boss Rand Araskog--and thus into the public spotlight. Sternlicht is a Wall Street darling. His stock, including dividends, has soared 86% in the past year. But even for a darling, the heat of bright lights is no place to be when your company employs a rare and mysterious tax structure...
...other savings that Starwood can afford to outbid all comers. When Sternlicht was snapping up smaller companies, heavyweights like Bollenbach took note but didn't fuss. Now that Sternlicht is going after bigger quarry, he's on Bollenbach's radar, and the fuss has just begun. The Hilton boss has been lobbying against the paired-share structure. By opting to go after a big name like ITT, Sternlicht has created a personal Catch-22. If the scrutiny he's invited shows that his paired-share status is an unfair edge, lawmakers may impose limits; if it shows relatively little value...
...been trying to find the stolen paintings, "they could have chopped his fingers off one at a time," and Donati wouldn't have given up the goods. Connor thinks it's more likely he was killed in a battle between Boston's warring mob factions than because some crime boss wanted a Rembrandt on his wall...