Word: contraction
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Dates: during 1990-1999
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...venture really began two years ago when Weinstein asked permission from his overseers at Disney, which owns Miramax, to fund a new magazine, a longtime goal of his. Weinstein was already a friend and fan of Brown's, and when he read last month that her contract with the New Yorker was due to expire on July 1, he approached her with an offer. More than a year ago, according to Disney chairman and CEO Michael Eisner, he and Brown--they too are good friends--had begun having general discussions about her joining the company in some capacity. The Miramax...
Then two weeks ago, her mother died of cancer--which she would later say brought "clarity" to her thinking about her future. Still, almost no one inside or outside the New Yorker expected her not to re-up, even as her contract expired. Her teary announcement to her staff members that she was moving on left many of them depressed and uneasy about the magazine's future. One editor offered what may be the ultimate tribute to the solemnity of the moment: "I didn't hear anything snide today." Handicapping the odds on who the next editor might be, while...
...Brown leaves Aug. 1 (to start a new multimedia venture with Miramax). Remnick said his top priority will be "to edit a magazine of hilarity, deep reporting, literary quality and moral seriousness." He wouldn't discuss any specific changes he may have in mind for the magazine, or his contract...
...startling turnabout. Just last February, "Chainsaw Al" was so highly prized by this same board that he was given a rich new employment contract that included options on a staggering 3.75 million shares of stock--one of the 10 biggest options grants ever at any company. Now the precise terms of that contract are in dispute as the board attempts to deny severance to Dunlap and his No. 2, Russell Kersh...
...that firing Dunlap never crossed their minds until the man also known as "Rambo in pinstripes" raised the issue himself. At a fateful meeting on June 9, Dunlap said half a dozen times that he would go away quietly if the board were to buy him out of his contract. That was when the board lost confidence. "I was shocked," recalls board member Howard Kristol, a New York lawyer who represented Dunlap in his initial contract negotiation with Sunbeam. "We felt he had already left...