Word: karmazin
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...also be the first to remind you that there's another reason he got here: because he delivers. "Wherever I've been, it was always about the shareholder, never about Mel," says Karmazin, folding his arms together over a mahogany conference table. "When you're a publicly traded company, your responsibility is to shareholders, employees, advertisers. It didn't matter if I was going to enjoy this deal or not. We didn't need this deal. CBS was a great company with terrific cash flow without Viacom." And Viacom, as company CEO Sumner Redstone will tell you, was doing just...
...Karmazin, 56, wearing a navy blue suit, white shirt and red tie, wants you to believe. And when this former radio-advertising salesman who worked his way through Pace College tells you he didn't need to make this $70 billion deal to merge CBS with Viacom, for a moment you actually believe him. It's the way he leans into what he says and his disarming, wide-toothed smile and how hard he works to make you like him. That's how he does it. And in part, that's how he got to this corner-office suite with...
...last week the opportunity to pair the largely fuddy-duddy CBS assets--broadcast television, radio and outdoor advertising--with Viacom's hipper, younger, cable and movie-studio properties--MTV, VH-1, Nickelodeon and Paramount Pictures--was a deal too good for Karmazin not to persuade Redstone to believe in. "Look, we didn't need a studio," Karmazin says, smiling. "But nobody in the world can tell me it's a bad idea to have...
...Chainsaw" Al Dunlap drove Sunbeam's stock up fourfold last year by doing what he had done so well at Scott Paper and other firms: slashing costs. But Sunbeam's share price collapsed when he tried to push the business's growth. Two weeks ago, when CBS tapped Mel Karmazin to be CEO, replacing Michael H. Jordan, CBS stock jumped. But it wasn't so much a bet on Karmazin as a sigh of relief that Jordan was leaving. Under Jordan, CBS has run last among the big networks. But can Karmazin, a shrewd TV and radio-station operator...
...football can increase prime-time ratings by 1 point, "That could throw $50 million to the bottom line for a full season," says Pilson. For the stations, that can mean an additional $100 million a year. That's good enough even for a bottom-line zealot like Mel Karmazin, chairman of the CBS Station Group. Said he: "We know better than anybody else what it's like to have the NFL and what it's like not to have the NFL. And it sure as hell is a whole lot better to have...