Word: wachner
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...call Warnaco boss Linda Wachner, 55, lots of things, and within New York City's viper-lipped rag trade many do--ruthless, cruel, abrasive, self-serving, vulgar. And then there are the people who don't like her. But no one ever accused her of being lazy...
...junior buyer at Foley's Department Stores in Houston in 1968, Wachner would spend her downtime patrolling the streets to spot trends. Early in her career, she revolutionized the lingerie business by merchandising bras on racks rather than hiding them in boxes. In the 15 years since she won Warnaco in a hostile buyout, Wachner has used that aggressive style to remake the dowdy $600 million manufacturer of women's undergarments into a $2.5 billion apparel powerhouse, owner of a stylish collection of brand licenses that includes Calvin Klein, Speedo and Chaps by Ralph Lauren. All that hard work helped...
WHOM YOU'LL SEE Bob Dole, Scott McNealy, Linda Wachner, Harvey Golub, Steve Case, Lou Gerstner, Richard Meier, Dr. Ian Wilmut and Colin Powell...
...driven performer, Wachner, 50, rose from a bra-and-girdle buyer at Macy's to head cosmetics giant Max Factor. In 1986 she masterminded a hostile buyout at Warnaco and took the company public in 1991. As a mogul, she helicopters from her Park Avenue headquarters to a mansion in the Hamptons, New York's summer-resort community. As a manager, Wachner once made a FORTUNE roster of "Toughest Bosses" for her low tolerance for underperformers. "You'd better start firing people," the magazine quoted her telling a newly arrived executive, "so they'll understand you're serious...
...Wachner's mission to Maine last week struck a more compassionate note. She even pledged that Warnaco would retain an equity stake in Hathaway if necessary to help the local investors swing a deal. Workers applauded the news as their last, best hope. But former Governor McKernan has no experience in apparel and rates his chances of keeping the plant going no better than fifty-fifty. Wachner does have experience. That's why she's getting...