Word: moguls
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...only has TWA survived, but the carrier once piloted by mogul Howard Hughes and later by corporate raider Carl Icahn has been enjoying a financial turnaround. Just hours before Flight 800 went down, TWA reported a $25.3 million profit for the second quarter, a fivefold gain over the same period a year ago. And with passenger traffic growing, and its $300 million cash stockpile rising, TWA has been planning to add as many as 40 Boeing 757s and 15 McDonnell Douglas MD80s to modernize the U.S. industry's oldest fleet (average age: nearly 20 years). The airline canceled a party...
...splitting it into two companies. In 1989, as CFO of Holiday Corp., he helped launch a subsidiary that is now the Promus Hotel Corp. (Hampton Inn, Embassy Suites), in the process selling off Holiday Inns to Bass PLC for an outrageous amount of money. He also rescued casino-hotel mogul Donald Trump from ruin. Trump was personally on the hook for $650 million before Bollenbach sprang him, an act that some of the Donald's rivals found unforgivable...
...driven performer, Wachner, 50, rose from a bra-and-girdle buyer at Macy's to head cosmetics giant Max Factor. In 1986 she masterminded a hostile buyout at Warnaco and took the company public in 1991. As a mogul, she helicopters from her Park Avenue headquarters to a mansion in the Hamptons, New York's summer-resort community. As a manager, Wachner once made a FORTUNE roster of "Toughest Bosses" for her low tolerance for underperformers. "You'd better start firing people," the magazine quoted her telling a newly arrived executive, "so they'll understand you're serious...
...allow faster identification of the parasite and are searching for a trout species that is immune to the disease and could provide a substitute for the rainbow. Meanwhile, the Montana-based Whirling Disease Foundation, which is helping to coordinate the fight, has landed a big-name supporter in TV mogul (and part-time Montanan) Ted Turner. For streams like the Colorado and the Madison, where the wild-rainbow population is in free fall, the hope is that it may not be too late...
...ENTERTAINMENT MOGUL...