Word: perelmans
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Fred Jenkins (H) d. Josh Perelman...
Jumping up the scale, Jenkins outconditioned Josh Perelman, 7-6. The 167-pounder started out behind, and though he had little problem escaping Perelman's take-downs, Jenkins couldn't bust through...
There is nothing folksy about Perelman. His favored car is a chauffeur- driven Bentley, and he has never owned a pickup. And if he is indeed the fattest of the fat cats, he didn't exactly start from scratch. He began sitting in on board meetings of Belmont Industries, his family's $300 million Philadelphia conglomerate, at age 11. At 35, Perelman got restless, moved to New York City and started collecting his own companies. Beginning with a chain of jewelry stores, he added MacAndrews & Forbes, a producer of licorice extract, in 1979. Then, with the help of financing provided...
Married to celebrity reporter Claudia Cohen, a contributor to the chatty Live with Regis and Kathie Lee morning show, Perelman appears at his share of gala events but refuses to grant interviews. His only known hobbies are hunting acquisitions and smoking cigars -- made, naturally, by Consolidated Cigars, a company he used to own. Last year he burst into the headlines by leading a $315 million takeover of five ailing Texas thrifts. The Federal Government sweetened the deal by providing $900 million in tax breaks...
Unlike some takeover artists, Perelman has a reputation as a hands-on manager who tends to retain and operate the companies he captures rather than break them up. When Revlon embarked on an advertising campaign featuring portraits of "unforgettable women," Perelman took a personal interest in picking the models. Even for America's richest man, some tasks are just too important to delegate...