Word: ceos
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Dates: during 1990-1999
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...Nation." Michael Moore's semi-spoof newsmagazine. Well, can't deny the liberal slant here. Moore, after all, is the guy who filmed a movie blasting the CEO and corporate mentality of GM. And with the show, as one of my co-workers puts it, Moore "wears his politics on his sleeve...
...canceled all engagements until next week, including trips to Norway and the Russian city of Murmansk. RECOVERING. LES PAUL, 80, musician and father of the electric guitar; after collapsing while preparing to travel to a Nashville birthday concert; in Mahwah, New Jersey. OUSTED. G. KIRK RAAB, 59, president and ceo of biotech giant Genentech; following the revelation that he had requested a personal $2 million loan guarantee from Roche Holding Ltd. while negotiating a merger with the firm; in San Francisco. During Raab's five years at Genentech, the company's revenues nearly doubled. But shareholders have been growing restive...
...announced it had acquired the Lotus Development Corp. for more than $3.5 billion as the two companies came to friendly terms less than a week after IBM made a hostile bid for the software firm. Lotus CEO Jim Manzi won guarantees that the company will retain its employee-friendly environment and a large degree of autonomy...
What does $250 million buy these days? Lots of things, but not Michael Ovitz. That wad was not enough for Seagram's CEO Edgar Bronfman Jr. to lure Ovitz from Creative Artists Agency, the talent shop he built into Hollywood's prime power brokerage, to become chairman of MCA, the show-biz conglomerate (movies, music, TV shows, theme parks) that Seagram's purchased last week. Thus ended the hottest nonevent since Comet Kohoutek. Except that this one had bigger stars ready to collide. And the meteor showers may be felt for years...
Michael Ovitz isn't going anywhere. Negotiations for the Creative Artists Agency chairman to head MCA collapsed as Seagram completed its $5.7 billion purchase of 80% of the entertainment giant. Disputes between Ovitz and Seagram ceo Edgar Bronfman Jr. over executive autonomy and a compensation package worth more than $200 million are speculated to have caused the impasse...