Word: michaell
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Dates: during 1980-1989
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There are, according to Sotheby's CEO Michael Ainslie, about 500 people alive today who might fork out more than $25 million for a work of art. Au Lapin Agile could go, said rumor, to $60 million. But in the end, publishing magnate Walter Annenberg bought it for $40.7 million, and two or three people clapped. It was the third most expensive work of art ever sold at auction...
...that it had, and has, no ownership of any kind in Irises, only a lien on the painting.) And on checking the insurance, the lawyers found that no premium had been paid and that the English insurers considered themselves not liable for Irises. Asked about this, Sotheby's CEO Michael Ainslie says, "That is news to me. It was certainly in force according to our communication with the insurers...
...frustrated Michael Gartner, president of NBC News, later told the New York Times that the arrangements his affiliates had made with CNN "must be explored sooner or later." But the NBC affiliates rebuffed Gartner's suggestion. "It's too late for the networks to go back to the old way, when / they were the only ones we associated with," said Bob Jordan, news director of NBC affiliate KCRA in Sacramento. "Too many affiliates have other partnerships now and are unwilling to give them...
Senior Vice Presidents: Richard W. Angle Jr., Michael J. Klingensmith...
ASSOCIATE EDITORS: William R. Doerner, William A. Henry III, Marguerite Johnson, Richard Lacayo, John Langone, Michael D. Lemonick, Richard N. Ostling, Sue Raffety, Ariadna Victoria Rainert, J.D. Reed, Jill Smolowe, Susan Tifft, Anastasia Toufexis, Michael Walsh, Richard Zoglin...