Word: levine
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Dates: during 1990-1999
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...board of Time Warner convened on the 29th floor of the company's headquarters in Rockefeller Center, attended not only by the directors but, according to board member Henry Luce III, by "uncountable lawyers and investment bankers" as well. Chairman Gerald Levin, says Luce, "very much was taking the initiative. There were many questions, incredibly difficult technical points." He admits, "It wasn't clear, at least to me, at the beginning of the meeting that the transaction would be approved...
...director asking the tough questions was Donald Perkins, former chairman of the Jewel food store company, who insisted that outside directors hire their own lawyer to help protect them against potential shareholder lawsuits. That irritated Levin, who seemed to feel that the outside directors were exhaustively scrutinizing his presentation of the facts, according to a board member. The biggest issue for Perkins was the uncertain influence of cable king John Malone, whose 21% holding in Turner Broadcasting would be converted via a complex structure to a nearly 9% stake in Time Warner. The discussions went on over three days...
Once the news spread, so did a lot of other people. When the acquisition is complete, Time Warner will regain its rank as the world's largest media company, ahead of the newly combined Walt Disney and Capital Cities/ABC. "This is far and away the dream deal," boasts Levin, who called the merger with Turner "a sublime combination." The deal brings together a vast collection of brand names in Time Warner's movie, music and publishing divisions (including TIME magazine) and Turner's cable and TV news operations...
Rudenstine's earnings surpassed those of only two other Ivy League presidents. And one of those was Yale's Richard C. Levin, who earned a mere...
...Chamber Music's first lecture, Robinson Professor of Music Robert D. Levin '68 joked with his audience that he expected the high turnout was the result of a headline reading "Get an 'A' for No Effort" in the Confidential Guide to Courses's class review...