Word: redmont
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...Dennis Redmont, professor of international communication at the University of Perugia, says both moguls may be realizing they have misjudged the situation. "They underestimated each other," says Redmont, a former Associated Press bureau chief in Italy. "Murdoch thought he was getting a monopoly on [pay TV], and Berlusconi didn't expect that Sky would grow so quickly." Given that both men are known for their business pragmatism, perhaps it's time for another lunch...
...hopes to become a savvy financier. He is now a member of a partnership that includes eight current and former basketball players. Among Abdul-Jabbar's investor mates are Ralph Sampson of the Houston Rockets and Terry Cummings of the Milwaukee Bucks. Their first investment was the $1 million Redmont Hotel in Birmingham, which they are spending nearly $5 million to remodel. A $22 million Los Angeles health club is under construction. The group is also negotiating to buy the Inn of Laguna in Laguna Beach, Calif. Asking price: $4 million...
...Over the last eighteen months, Mr. Redmont has studiously done nothing to correct the false impression which he, and perhaps others, have created," Silber said...
...Redmont, who is still teaching at BU, issued a memorandum to the faculty two days after Silber's speech, and stated that Silber was misrepresenting why he had left...
...memo stated that Redmont left his post because of "the position I took on the [Afghan] project and related matters of administration...