Word: revlon
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...splashy ads for Todd Oldham Jeans and the Gap. Meanwhile, old-timers like supermodel Nadja Auermann are no longer masking their freckles with cover-up. "Editors want women to look touchable, not ostentatious, not perfect," explains Allure's Linda Wells. "Freckles make you look friendlier." Pippi Longstocking, get your Revlon contract...
Having plopped down a reported $20 million only a year ago, Ronald Perelman, chairman of Revlon and New World Communications Group, and David Pecker, CEO of Hachette Filipacchi Magazines, were understandably interested in what their new property, Premiere magazine, had in store for its 600,000-some circulation. But interest quickly turned to interference that has now led to the resignation of two top editors and near rebellion by the staff...
Resentment began with the listing of Perelman's wife Patricia Duff on the magazine's masthead, and grew when staff members were told to use pictures of Revlon execs in a layout. It exploded last week after Pecker spiked Premiere's California Suite column when he learned of the subject: business deals involving Sylvester Stallone and the Planet Hollywood restaurant chain, which also has venture plans with Perelman...
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...
...part, Perelman is quoted as saying in a sworn statement that "Fred fired himself. He wanted to take more time in Florida to play golf." A former Revlon executive believes the dismissal was the result of a simple personality clash: "When you write your own rules, you have no patience for people who don't say, 'Ronald, you're brilliant.' Tepperman is one of the sweetest guys I ever knew. But he's no hero worshipper...