Word: passee
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If debt was the height of fashion during the Roaring Eighties, it has become, just one month into the 1990s, painfully passe. The securities issued by companies that loaded up on leverage to do deals during the '80s are now taking their lumps on Wall Street as investors shift their...
Like other department-store chains, B. Altman has been hurt by weak retail sales and tough competition from specialty outlets. Several other chains are for sale by their foreign owners: Canada's Campeau is trying to unload Bloomingdale's, while Britain's B.A.T Industries has put Saks Fifth Avenue and...
In 1980 de Passe was put in charge of Motown Productions. Under Gordy's direction, the division had scored a hit in 1972 with Lady Sings the Blues, starring Diana Ross. But some other Gordy efforts, including Mahogany and The Wiz, were box-office disappointments.
De Passe is widely credited with bringing Motown to life by expanding into TV movies and other programs. Wielding a budget that has jumped from $12 million in 1980 to $65 million this year, de Passe is picking up Motown's tempo. Among the latest productions: Bridesmaids, a TV movie...
De Passe, who is married to actor Paul Le Mat (American Graffiti, Melvin and Howard), has had an occasionally stormy working relationship with Gordy. She describes him, only partly in jest, as a special kind of mentor, "a tormentor." Yet Gordy has given de Passe the freedom to run the...