Word: chairman
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Dates: during 1990-1999
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Weitzman, a lawyer who represented John DeLorean and, briefly, O.J. Simpson, was an odd hire, considering his absolute lack of corporate experience. Weitzman says he left because the job became too administrative. "Steering a glacier," he says, "is not easy." Platt was ousted because he clashed with studio chairman Casey Silver. It was Silver, not Platt, who approved a slew of underperforming films, such as the Bruce Willis-Richard Gere vehicle The Jackal and the political dud Primary Colors. Silver, whose contract has been renewed, says he can turn the studio around: "We have excellent product in the pipeline...
...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...
...associations that cling to impotence remedies (witness the ads in the back of low-rent men's magazines for spurious Spanish fly, hard-on creams and the like) that drug companies have only recently turned their attention to sexual dysfunction. This would account for the tone adopted by Pfizer chairman and CEO William Steere even as he figuratively licks his chops over the potential market in "aging baby boomers." He is careful to point out that "quality-of-life drugs are gene-based just like those for serious medical conditions. In areas like impotence, aging skin, baldness and obesity...
...impressive talent, hiring writers and editors from such publications as the Wall Street Journal, Business Week and TIME (former chief political correspondent Michael Kramer is Brill's No. 2 editor). Washington Post media critic (and author of Spin Cycle) Howard Kurtz will be a contributor, as will former FCC chairman Reed Hundt and humorist Calvin Trillin. Brill has even hired an in-house ombudsman: former New York Times editor Bill Kovach, head of the Nieman journalism fellowships at Harvard, will critique Content's own articles...
...everyone disparages mergers. Community banks have become a sanctuary for small businesses and customers who can't afford the big banks. David Williams, chairman of Hale County State Bank in Plainview, Texas, has seen his deposits increase and his loan applications rise 30% in the past 18 months as two area banks were gobbled up. Lesson: you can move your account. But beware, your bank will probably charge you for that...