Word: yunich
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...next bombshell, according to two directors, came when O'Donnell proposed firing Johnston and installing himself in the top spot. Director David Yunich, retired vice chairman of R.H. Macy, says that O'Donnell's 1 1/2- hour presentation was "incoherent." At one point, Yunich reports, O'Donnell volunteered that he had been "kicked out of" Columbia Business School and thus had a weak grasp of finance. Says Yunich: "We couldn't figure out whether this person had flipped his lid or not." O'Donnell says he was merely passing on Claremont's unsolicited buy-out proposal and had thus done...
...were jittery," said Sue Yunich...
...Macy's president, David L. Yunich, sees it, the newcomer "will generate business on its own, which will benefit all of us." Though plagued by recent troubles, Korvette obviously has high hopes too. Built for $1,500,000 from the shell of the defunct Saks-34th Street, the new store-Korvette's 45th-is meant to be the nine-state chain's biggest revenue earner, with expectations of $35 million in annual sales. The store will stress conveniently arranged, gaily displayed merchandise while playing down the head-on price rivalry that is supposed to characterize discount operations...
...shops were hit hardest of all. Most furniture and liquor stores did only half their normal business; jewelers and camera and hardware stores reported sales declines of as much as 80%. To recover, many Manhattan stores scheduled post-strike sales. "Most businesses," predicted Macy's president, David L. Yunich, "won't be able to recoup their losses...
...President David Yunich...