Word: revlon
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Pension-fund holders should beware if their employer has terminated its retirement plan -- usually to tap excess cash -- and replaced it with an annuity, a kind of insurance policy that pays income to the company's retirees on a regular basis. Revlon got its hands on $100 million in 1986, when it closed out its pension fund and bought an $85 million annuity -- from First Executive. A safety net protects employees in most states, which have agencies that insure private pension funds against default. The Federal Government guarantees many pensions as well. But it is uncertain how much protection this...
...industries -- and brightening them considerably. The blond, blue-eyed ideal is out, diversity is in, and the concept of beauty is growing as wide as the world. The new cast of faces is appearing not only in ads aimed at specific ethnic groups but in mainstream advertising as well. Revlon's Most Unforgettable Woman of 1989, chosen in a search across the U.S., is Mary Xinh Nguyen, a 20-year-old Vietnamese American from California. Such companies as Du Pont, Citibank and Delta Air Lines have populated current ads with a rich variety of blacks, Asians and Hispanics...
...white--my friend Ron, Wilt Chamberlain and Zina Garrison's family were the only Black people I saw in the stands.) Ticket prices are out of control. Most tickets aren't even for sale. Unless you know Mr. Tepper (like my friend's dad did) or Mr. Trump or Revlon or Nissan or Unisys, you can stay home and listen to Mary Carillo yammer...
...time he earned his M.B.A. at Harvard Business School in 1972, Tobias had published the first of his seven books. Among them: Fire and Ice, a biography of Revlon co-founder Charles Revson; The Invisible Bankers, a critique of the insurance industry; and The Only Investment Guide You'll Ever Need, all big sellers. A prolific contributor to New York, Esquire and other magazines, Tobias has also written a computer program, Managing Your Money, which since 1984 has sold more than 250,000 copies...
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...