Word: colemans
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...most accounts, Levin is the person for the job. He fixed cosmetics company Revlon in the early 1990s, and most recently was doing the same for outdoor-equipment company Coleman--both efforts on behalf of controlling shareholder Ronald Perelman. Levin's selection is no accident. On March 2, Perelman sold Coleman to Sunbeam in a stock swap, and he is now Sunbeam's second-largest investor, with a 13% stake. The largest is activist money manager Michael Price, who controls 17%. As a measure of how quickly Dunlap's career unraveled, Price only two weeks earlier had publicly, emphatically supported...
...hindsight, there were warnings. A Barron's article in the June 8 edition questioned Dunlap's accounting methods, and a FORTUNE article with the same date suggested that his job was in jeopardy. Another bell ringer might have been massive selling by insiders at Coleman in March, beginning only days after the company agreed to be bought by Sunbeam. The Coleman folks had to sell, or lose, their stock options. But by moving so quickly, they bolstered the view that Dunlap had grossly overpaid. Indeed, nine Coleman insiders, including Levin, cashed out 581,000 shares, according to CDA Investnet--near...
Mission Specialist Catherine G. "Cady" Coleman commented that living in a spacecraft isn't different from living at home, with one major exception...
...like being in your living room, except everything floats around, including you," Coleman said...
SLEEP ALL NIGHT The ability to sleep soundly decreases with age. Sonata, which American Home Product's pharmaceutical unit Wyeth-Ayerst hopes to launch next year, is designed to induce sleep without producing a groggy feeling the next morning. "There is a tremendous issue in sleep disturbance," says consultant Coleman. "So when we get a product that people have utter confidence in, that will be a gold mine for someone...