Word: perelman
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Dates: during 1990-1999
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...each weekday morning. Within five minutes -- exactly five minutes -- half a dozen regulars at one of Manhattan's most elite breakfast clubs have assembled in a splendidly appointed room graced with a Roy Lichtenstein. Noshing bagels, they obediently await the less punctual arrival of their host and boss, Ronald Perelman, 51, the petulant billionaire-about-town whose empire includes banks, television stations and Revlon cosmetics-as well as holdings such as Coleman camping gear and Pantry Pride supermarkets that are less likely to get him on the pages of Vanity Fair...
Fred Tepperman, 60, was a member of this club until he was expelled in 1991. As chief financial officer of Perelman's holding company, MacAndrews & Forbes, Tepperman had been instrumental in the hostile 1985 takeover of Revlon that helped make Perelman one of America's richest men, worth more than $4 billion. Tepperman did pretty well too, drawing a salary and bonus totalling more than $2 million. Now he hopes to do even better: in a $25 million lawsuit that spawned lurid headlines as it went to trial last week in White Plains, New York, Tepperman charges wrongful dismissal...
Tepperman's troubles with Perelman started when he began skipping the morning coffee klatches in 1991, after learning that his wife of more than 30 years, Joan, was suffering from Alzheimer's disease. He claims that on some mornings, when Joan would awake confused and crying, he remained at home to bathe and dress her. That excuse cut no ice with the thrice-married Perelman. According to Tepperman's attorney, Perelman offered this advice: "Institutionalize her. And Fred," he allegedly added, "don't look so sad. The bankers will be concerned...
...debate the balanced-budget amendment but to gush and blush, tell the world that he is in love and even sing a few bars of It's a Sin to Tell a Lie. The object of his affection is CLAUDIA COHEN, the multimillionairess ex-wife of Revlon chairman Ron Perelman and the current gossip correspondent for TV's Live with Regis and Kathy Lee. "I feel like the frog who has been kissed by the princess," said D'Amato. "I think of Claudia as my Cinderella." The couple plans to wed once he is divorced from his wife Penelope...
...company almost back to its May level, before CBS got a black eye by losing eight of its affiliate stations to Fox. CBS had also suffered wounds from an earlier affiliate raid by Rupert Murdoch, owner of the News Corp. (which includes the Fox network), and Revlon magnate Ronald Perelman. "CBS had to do something to break out of the doldrums," says Christopher Dixon, media analyst with PaineWebber. "With this move they enter the modern age -- albeit laughing, kicking, struggling and crying. They are now where they need to be to be able to compete in the rapidly developing broadcast...