Word: vivendi
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...would trade a week of airtime for a one-page magazine article. Trio was willing to cede complete control of the network. Even better, it would let me have the week around my birthday, July 19 to 27. For a two-page story, the job would have come with Vivendi stock options. I stuck with a page...
...given charge of the channel, I had to win over Michael Jackson, who, Zalaznick carefully explained, was the Vivendi Universal Television Group chairman and could not get me into Neverland. I wrote Jackson an e-mail about my plans to serve as a curator who would contextualize Trio's role as a pop-culture arbiter and other phrases I remembered from the Matthew Barney exhibit. I didn't mention my real plan: to see if I could get ridiculous garbage on TV. Jackson liked the idea so much that Trio made the My Trio concept a quarterly gimmick, with Quentin...
Indecent Proposal Add this to the already bloated annals of fat-cat pay: a U.S. arbitration panel last week upheld a $23.6 million severance payout for Jean-Marie Messier, the ousted CEO of Vivendi Universal. Jean-René Fourtou, Messier's successor, described the payout as "indecent" and promised to contest the decision. He has little room for maneuver: the payout was written into a U.S. contract agreed to last July by two Vivendi directors, Marc Viénot and Edgar Bronfman Jr., to persuade Messier to depart quickly and quietly. The full board rejected the contract days later, after...
...directors can make binding decisions. The affair is particularly embarrassing for Viénot, a distinguished banker who authored two reports on French corporate governance in the 1990s. He quit the board last fall and isn't commenting. As Vivendi is finding to its cost, even the best French expert can get things wrong. Hmm ... This may be a bit too fair Britain announced plans to ban age discrimination in the workplace by October 2006. In line with an E.U. directive, it will outlaw mandatory retirement ages, end ageist job advertising, and allow Britons the choice of working until they...
Bronfman thinks he has an ace in his close relationship with Vivendi CEO Jean-Rene Fourtou. But whether in Edgar Jr. they can trust elicits a Gallic shrug from shareholders. If he offers the right price for the Universal units, says Colette Neuville of a stock owners' group, "whether Bronfman can run it well is another matter that doesn't concern us." --With reporting by Peter Gumbel/Paris and Jeffrey Ressner and Sonja Steptoe/Los Angeles