Word: chapman
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...Paula Marshall-Chapman, 47, CEO of the Bama Companies, a $140 million Tulsa, Okla., frozen-dough-and-pie concern that started in her grandmother's kitchen in 1927, the road to success has been studded with familial potholes. When Marshall-Chapman took over from her father in 1984, her two brothers were furious that they would not be involved in running the show. The business was changed from a corporation to a partnership, with Marshall-Chapman named general partner. Her parents Lilah and Paul Marshall took their equity out of the business to live on. The structure of the general...
...father saw me as the most likely person to take over the business," says Marshall-Chapman, and she hasn't done badly at all. Bama employs 750 people and has about a 10% annual growth in revenues. But she acknowledges that "my brothers were shocked that they weren't going to be as involved in the business. If we had all just sat down and discussed everyone's needs and expectations, we might have been able to structure things differently and without such hurt feelings." Marshall-Chapman is in the process of buying out the minority shares...
...Tracy Chapman (tickets go on sale May 5; actual concert date August...
...Napster is the greatest example of aiding and abetting a theft that I have ever seen," says Ron Stone, manager of Bonnie Raitt and Tracy Chapman, among other artists. "Ninety-nine percent of their content is illegal." What really bothers Stone and the rest of the biz is the fact that 100% of their content is free--no money for the labels, artists or managers. "Napster is the nail in the coffin if you're in the business of selling digits on a disc," says music-industry consultant Jim Griffin...
...What is your theme song: "Telling Stories" by Tracy Chapman...