Word: inc
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Dates: during 1980-1989
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Some former employees say Davis is an authoritarian manager who sometimes has difficulty keeping talented subordinates. Among the top-level Paramount executives who have gone to rival companies: Barry Diller, now chairman of Fox Inc.; Michael Eisner, chief of Walt Disney; and Dawn Steel, head of Columbia Pictures. Davis told FORTUNE in 1984 that he was "thrilled" to have made the magazine's annual list of toughest bosses. FORTUNE quoted a business associate saying, "He exceeds all of the qualifications for the category of s.o.b...
...still tells friends that Goldwyn never got his name straight, referring to him as "Marvin." That slight dogs the Paramount chief to this ( day: he is often confused with Marvin Davis, the Denver oilman who is making a bid for Northwest Airlines. As the struggle for control of Time Inc. heats up, Martin Davis' relative obscurity is likely...
...phone on the desk of Richard Munro, chairman of Time Inc., rang at 6 p.m. last Tuesday. On the line was Martin Davis, chairman of Paramount Communications, a onetime industrial conglomerate that had changed its name from Gulf & Western just the day before. Davis had a stunning message for his fellow chief executive. Although Munro had assurances from Davis that he would not mount a takeover bid for Time, Davis was reneging: he declared that Paramount was launching an offer to acquire Time for $175 a share, or $10.7 billion. Time stock had closed at 126 that...
...debt. "We are not going to sell anything," Davis said. "We are not bust-up artists." He also said he would maintain the editorial independence and integrity of Time's books and magazines. "Not only will we maintain editorial independence," Davis insisted, "we will demand it." Journalists at Time Inc. were concerned because, reassuring as such statements made in the heat of battle may be, they fall well short of the written, legal guarantees that had been cemented into the Warner merger...
While the company, which is half owned by the Time Inc. Magazine Co., is confident the new plan will win approval from the 8,000 schools needed to make its $200 million investment pay off, Whittle still has not redressed his critics' biggest grievance. Says Peggy Charren, president of Action for Children's Television: "The whole thing is still being paid for by selling kids to advertisers. The Trojan horse now has a golden harness...