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...bringing an explosive end to his career as CEO of the Franco-American media giant Vivendi, Jean-Marie Messier managed a rare feat in the world of global business. He combined Gallic intransigence with Yankee arrogance to infuriate shareholders and employees on both sides of the Atlantic. The French hated him for selling out their culture, acting like a foreign mogul and moving to New York City. North Americans hated him for losing money and refusing to concede that his strategy had faltered. Even as the company's stock price descended to new lows, he spoke of running Vivendi...
...situation confronting our telecom operators, who are all deep in debt, means that we're facing similar problems." To the well-known troubles of France Telecom and Deutsche Telekom, add the pains at tech giant Alcatel. Or the fiasco at media and utilities conglomerate Vivendi, which soon after booting Jean-Marie Messier was seen scrambling for emergency funding to service j19 billion in borrowings. Could this spell the end of what the Germans call the Aktienkultur, or equity culture? Just a few short years ago, traditionally risk-averse European savers were piling into stocks at a breathtaking pace, transforming...
...Shoshone Indian brain. In the multicultural theme park called Sacagawea Land, you will be kidnapped as a child by the Hidatsa tribe and sold to Toussaint Charbonneau, the French-Canadian trader who will take you as one of his wives and father two of your children. Your first child, Jean-Baptiste, will be only a few months old as you carry him during your long journey with Lewis and Clark. The two captains will lead the adventure, fighting rivers, animals, weather and diseases for thousands of miles, and you will march right beside them. But you, the aboriginal multitasker, will...
...mail Jean, a MONEY magazine columnist, at moneytalk@moneymail.com
Person of the Week CANCELLED He took Vivendi Universal on a corporate buying spree, trying to transform a staid, provincial French utilities firm into a multinational media giant. But Jean-Marie Messier overreached and Vivendi's stock price collapsed, leading to his dismissal as company chairman last week...