Word: revlon
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...repossessed, why not computer software? The Silicon Valley firm Logisticon, which has been locked in a dispute with Revlon over a $180,000 bill and licensing rights for custom software, decided that the cosmetics company should not use what it had not paid for. Without letting Revlon know in advance, Logisticon programmers used a telephone connection earlier this month to enter Revlon computers and disable the disputed software. The message got through. For three days, Revlon claims, hundreds of workers sat idle as two warehouses were unable to ship as much as $60 million in goods. "Software companies have...
Among those who took advantage of the year-end sale were some of the savviest business minds in the country: former Treasury Secretary William Simon, former Commerce Secretary Peter Peterson, Revlon chairman Ronald Perelman and financier Robert Bass. Simon was assisted in his low-cost purchase of a $1 billion California thrift by Preston Martin, who served as vice chairman of the Federal Reserve Board from...
...stoke congressional ardor to find scapegoats for the S&L mess. The report will examine transactions during 1988, when private investors, at the government's request, scooped up troubled S&Ls and then received whopping federal subsidies for doing so. In 94 cases, entrepreneurs like Ronald ! Perelman, owner of Revlon, and Texas billionaire Robert Bass wound up reaping, on average, $78 for each dollar they invested. Some who received this windfall have argued that their intervention was cheaper than allowing the bankrupt S& Ls to pile up losses. The House and Senate have scheduled hearings to question whether such generosity...
Audacious in the face of this, the new Ms. has taken the earliest opportunity to blast the advertisers that had long boycotted its pages. Founding editor Gloria Steinem writes that Revlon decided not to advertise with Ms. in 1980 because a cover photo portrayed Soviet feminists without makeup. Not only that, says Steinem, Estee Lauder largely ignored Ms. because the magazine failed to mesh with Lauder's efforts to peddle a "kept-woman mentality." Ms. also presents an apologetic portfolio of ads it did run -- and wishes it hadn...
...Revlon, Avon, Estee Lauder and Benneton haveswitched to these alternative methods in the faceof animal-rights protests...