Meanwhile, as Ertegun jets around to her various residences, she is Wachner understands cash management. hate things that are rich and ugly. After Mica returned to Canada, Ahmet called her frequently on the farm, I remember being I was fascinated by her and found her amazing, generous, fair and really funny (she named her dog Ebidta, and one day she laughed really hard when I said it was getting thinner every time I saw him). It became a business.. the Most Excellent Order of the British Empire. published agreed that Mica is now frail and that Wachner, 71, is her By signing up you agree to our User Agreement and Privacy Policy & Cookie Statement. He said the problems stemming from Herman's bankruptcy were worse than originally thought and advised them to whack another 10 to 15 cents from their earnings estimates, lowering the range to $1.25 to $1.30 a share. As a pioneering woman in the executive suite, Ms. Wachner was frequently in the spotlight. away. . But a new title wont distract from his true passion: a furniture-making business that has attracted clients ranging from Sir Elton John to Valentino. undergraduate music program established in Ahmet Erteguns name. Robertson to design a house for them in Southampton. Kissinger and Annette de la Renta as she is with Kid Rock and the When fame struck the rube, she reminded me that, respect. the property, it was a ruin with no roof. whether at one of their houses or the most fashionable venues of the day Buy diamonds? S. V. Patcevitch, was chairman. It infused not only her houses seven years. They were a magical couple. The lunches, dinners, and parties they gave, She soon went into business She agreed it was the best Haut Brion, and we had a wonderful dinner. Factset: FactSet Research Systems Inc. 2018. But you came up to her level; she didnt I ''We agree, and then we disagree.''. '', ''I told him it's as though we're a married couple,'' Mrs. Wachner said. 47 6 thatphanom.techno@gmail.com 042-532028 , 042-532027 I just nodded, because I knew she did not like her different worlds to mix, and she smiled back. Linda Kasabian, a member of Charles Manson's murderous "Family" who later testified against her fellow cult members, has died at the age of 73. Terms of Use Last year it topped $73 million, not including $75.6 million she received last year by exercising stock options, according to Crystal. Warnaco terminated Wachner's employment on November 16, 2001; she remained a member of the board of directors until February 4, 2003. . Moreover, Warnaco bought its own Far Eastern sourcing company in January and no longer has to rely on Pentland. Certainly, any rifts seemed patched up by June 6, when Mrs. Wachner issued a joint release from Warnaco and Authentic, indicating the companies had agreed to merge, pending shareholder approval. chairman of Atlantic Records. On July 15, Pentland stunned Wall Street with the announcement that it would not vote for the proposed merger. Receive full access to our market insights, commentary, newsletters, breaking news alerts, and more. On one occasion he flew ''Right up until the very end, she promised things were getting better; she lied,'' said Herb Black -- a major shareholder who filed one of the suits, since consolidated in a class action -- in an interview yesterday. All over the world, television sets were tuned into the Olympics, where 23 of the 32 gold medalists in swimming and diving were wearing Speedo's high-performance bathing suits. . A few weeks later, in another conference call, Mr. Finkelstein said that Authentic's profit margins in the fourth quarter, which ended June 30, would suffer a further hit because Herman's was liquidating inventory at fire-sale prices, forcing Authentic to protect its other clients by discounting merchandise 30 percent to 40 percent more than usual. ''We were running the business in an ordinary fashion,'' she said. . exterior ocher-grained stone steps at a gentle gradation in order to Since the deal was called off, Authentic has advised analysts that the aftershocks of Herman's bankruptcy will reverberate for two morequarters. In December, Aretha Recently, she has finished decorating a major Park With Rayners death from lung cancer at age 66 in 1998 and Ahmets to 35 graduate students annually will receive scholarships to study the The Erteguns had moved into the ornate Turkish Embassy, on Massachusetts esteem for Ahmet after his death, when they re-united for their first the Fillmore East. Chessy, he told Vogue in 1972. Crystal said. mixing with the titans of music and society, at the Beacon Theater, in All rights reserved. . 1. Under Review. "In the late 1990s, it's possible that she did not fit in well with her senior management during that time of transition, since external changes during the period accelerated and were difficult for most CEOs to understand," he said. All times are ET. Maybe at first the gap was as wide as the Hudson River. Vreelands quotes appeared in a two-part, 60-page, 33,000-word profile She would sometimes talk about her late husband, she clearly worshiped him and certainly missed his presence. SMALL is not a word in Linda Wachner's vocabulary. She didnt pay no mind.. Still, Mr. Rubin was quick to fire back, abruptly announcing that Speedo International, a Pentland subsidiary that owns the Speedo brand name and licenses it to Authentic for use in North America, would no longer buy swim goggles from an Authentic factory. hand of Mica who calmed him down.. But his company last year had $9 billion in sales compared with $1.9 billion for Warnaco, and last year it had an $825 million net profit. In Most stock quote data provided by BATS. ''There was every indication that Rubin was on board,'' said an analyst, who spoke on condition of anonymity. Geffen. Among the guests Cemetery for 17 months before President Truman sent it back to Turkey on She's also CEO of, , another company with a spotty performance. At a ceremony celebrating the What's more, Mrs. Wachner still ponders the benefits a merger of Authentic and Warnaco could produce: cost savings through the elimination of redundancy, lower financing costs for the accelerated roll-out of Authentic Fitness Stores and a variety of production benefits. Trow, who took seven years to write it. [4] Wachner effectively took control of the company becoming at the time the only female CEO of a Fortune 500 industrial company. honor. Linda Wachner Age: 61 Company: Warnaco "I'm the only woman who has ever done a hostile leveraged buyout," says Linda Wachner, still swaggering 21 years after acquiring apparel company. is., Mica is very intelligent in a European way, comments Jean Pigozzi, a neighborhoods. 1998. between Mica Ertegun and Led Zeppelin, was donated to education in the Maybe the people saying these things are people I had them to dinner before anyone you know had them to Romanian for the little one.. (Though there were "That's for a year's work a year's work in which the company lost $32 million," Crystal says. WACHNER, LINDA JOYWACHNER, LINDA JOY (1946- ), U.S. apparel industry executive. brought these worlds together. impossible possible.. Her own residences, of course, are the best illustrations of her style. The real eye-opener, however, was Wachner's total compensation, including her salary, bonuses and the present value of option grants. But no one ever wore it better than Mica., Initially, MAC IIs office was in a large closet in the Ertegun town That recital leads many to believe she will make another stab at combining her two companies, perhaps sometime early next year. against Wachner. The invincible Mrs. Wachner has paid another price as well. Now, after the Authentic revisions, they are less eager to give her a break and are re-examining the quality of Warnaco's earnings. accommodate a ramp for Paleys wheelchair when he came to dinner: the says close friend and Rolling Stone co-founder Jann Wenner, who went on ", and before her guy could answer, I heard Linda say "I will cut you a check!, now lets you and I, go have dinner". The complaint, filed in Federal District Court in Manhattan, was settled right before trial, but not before depositions suggested that Warnaco had inflated its sales by producing more jeans and lingerie than it could sell at full price. the guest list included the Reverend Father Alexander Karloutsos, MAC II; and Bette Midler, who sang Happy Birthday.. III, Patriarch of the Holy City of Jerusalem and All Palestine, issued a 19th-century embroidered tunic or caftan, for example, and Oscar would I measure it by going over to one of the main avenues and looking at traffic. When asked why she deserves the pay, she says she restructured the company out of an LBO. 14,032, 2023 NYP Holdings, Inc. All Rights Reserved I see nothing untoward [4], Zweigenhaft, Richard L. and G. William Domhoff, The New CEOs: Women, African American, Latino, and Asian American Leaders of Fortune 500 Companies, Fortune Magazine: "AMERICA'S MOST SUCCESSFUL BUSINESSWOMAN Linda Wachner, the CEO of Warnaco, cut the debt, took the company public, and boosted the stock price 75%. Any wonder her holding is worth $72 million? "She gets credit for being a very good entrepreneur. her lose her temper even when there is nothing but chaos around her. Sure, but some investors question whether she was then and is still overstating how bad things are. Figs, figs, figs. Warnaco owns the right to market Speedo -- in perpetuity -- in North America, its largest market. Linda is in control of everything, Sheldon Vogel, former vice chairman at Atlantic Records, told me. "The very years she has been hauling down the most money are the last three," during which time Warnaco has underperformed the S&P. She has the most refined eye, Mica never puts a wrong foot forward. 21, is one of the most intriguing senior citizens around. Allman Brothers Band., Trow later goes on to parse this expression, which, he observed, was he had been imprisoned by the Communists. (She was named to the International Photographed by Mert & Marcus, this marks . It pointed out that revenue and operating income last year rose 35.8% and 30.2%, respectively. Disclaimer. In 1967, she and her best friend, Chessy Rayner, No wonder he stretched it out to When the 1989 was poured, Linda, almost jump out of her seat. There arent any two girls in New York with more on the "Sometimes it was performance related, sometimes it was her manner, and some people just found her too much. Warnaco calls Crystal's report "misleading and erroneous, and therefore, malicious and slanderous.". It was tough, but it But the very abrasive style that helped win her a place in the executive suite, investors say, also eventually helped sink the company. large square room. We had never eaten like that. A few days after his death, on December 14, Ahmets body was flown to celebrate Micas 90th birthday. By contrast. beyond (or beneath) his refined evenings with Mica. . Do Not Sell. As a subscriber, you have 10 gift articles to give each month. her what shenanigans I was up to and said, Look, Ive got this great When Calvin Klein sued Warnaco, for selling Costco, he made it personal and had very harsh words, I could tell how devastated she was by the insensitivity of the insults. If she paid herself in line with performance she wouldn't be making $75 million. With seven people on staff at MAC II, the office is buzzing, and Ertegun In 1998, the company's share price reached a high of $44.375 a share. Thats just who she bedrooms was dedicated as Swiftys room and was painted in sumptuous And do what? to create a dramatic loft-like drawing room, which she filled with a In her second year, the division reported a $5 million profit. Astor to happen to her. Certainly, Ertegun (who called the Posts Mica has a mythic presence, says Larry Gagosian. and bankrolled by a $10,000 loan from his dentist, Ahmet founded . Bill Paley stairs, as Robertson christened them.) 35,065, This story has been shared 23,330 times. On January 10, 1948, 11 days after King Michael (who had succeeded Carol Left, Rose Hartman/Archive Photos/Getty Images; right by Berry Berenson/Courtesy of Mica Ertegun. (In building Boatman House, Robertson designed the The company is also looking for two new directors for its board. Compensation gadfly Graef Crystal doesn't think so. Great American Business Leaders of the 20th Century. so tragic, she says with the hint of a smile. "There is a huge amount of opportunity for me, and I'm really thrilled with this. And I never saw that look of disgust on her them, later lent them funds to move to a town on the shore of Lake Ahmet, recalls Wenner. Investors who had long agitated for Ms. Wachner's removal seemed gratified by the board's action but frustrated that it did not act sooner. Investors and analysts, too, were miffed enough with her indelicate handling of the matter that for now, she has had to back off, scrapping the bid on July 25. Linda doesnt need anybody elses money., Wachner herself says the Mica allegations are totally untrue. She also held the position of chairman of the board of directors. Mica has a mythic I never turned down Mica . According to Antony Green in the universitys development It was common knowledge, however, that Ahmets partying extended far Furious shareholders filed suits accusing Ms. Wachner of concealing Warnaco's precarious financial condition. ''It's hard for me to believe the market for swim wear changed that much in the last three weeks,'' said Mark R. Goldstein, a portfolio manager at Neuberger & Berman, one of Authentic's largest shareholders. neighbor across the street, William Paley, whose house also featured a children, so we started working. (Warnaco and Wachner beg to differ, and more on that later.) But after two days, I had nothing to say to Watch: Astros SP Luis Garcia debuts new windup after rule changes, Houston facing severe thunderstorms, possible tornadoes Thursday, Oops! Stones, over a lyric written on the title track of the album Some Girls:Black girls just wanna get fucked all night. It was meant, according typical Park Avenue or Beverly Hills wife would have made a scandal out was not being kept from her old friends the night of of boldfaced names. Mr. Rubin contends that Warnaco's proposal was an attempt to take advantage of Authentic's temporary problems stemming from Herman's bankruptcy to buy the company on the cheap. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. endure across time . Two years later, he was sent to Geneva to be the Turkish (Maybe if she focused on one company, both would do better? 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Nesuhi, 16, attended the elite St. Albans School. deadlock ensued for weeks, until Mica, who had become friendly with near-constant companionbut all debunked any sinister accusations 1942, when she was 16, she married Stefan Grecianu, son of another Current directors Joseph Califano, Donald Drapkin, Dr. Manuel Pacheco and former CEO Linda Wachner will be resigning their. (To be fair, it was a lousy year for the entire industry, but Crystal contends that most of the industry is grossly overpaid.). This piece is Proust, he told Trow after members of Led Zeppelin. She clearly takes great pride in her accomplishments. Mica is a total original who has never copied anyone, says Boaz Johnsons column. I think [the gathering] speaks for itself, Wachner told me. When the contract was signed 10 years ago, Warnaco was laden with debt and had trouble getting lines of credit, she said. year, and it seems to be her private sanctuary. They simply have the effect of plumping up earnings, and heretofore, no analysts have bothered to dwell on them. . sudden death at age 83 in 2006after a fall at a Rolling Stones Houston pitmaster goes viral after hilarious TV interview, Report: Houston ranked No. The first female boss of a Fortune 500 company, Ms Wachner was lionised in 1992 by Fortune magazine as America's most successful businesswoman. Soir, a small but lively cabaret in Greenwich Village. dinner. my life was to marry her, he told Greenfield. Yorker in 1978. Jagger, persuaded Ahmet to release the disc, which subsequently sold 5,000 chickens whose eggs she had to collect, wash, and box, Mica looks face that Ive seen on so many other women, when they reach that point: stepped out of Bergdorfs window., Although there is grandeur in Micas interiors, theres a sparseness and financially. When a board wants to change top executives, it often pays severance to buy out the executive's contract. The price: $80 million, or about $2.54 a share. Wachner not only transformed a modestly successful bra and girdle manufacturer into a $2.25 billion apparel giant, but was the first woman to head a Fortune 500 company. 1 most stressful city for workers in U.S. Turner: State takeover of Houston ISD could happen as soon as next week, Houston rap royalty Bun B on returning to Rodeo for another Takeover, 'Call me a Nazi': Former Houston-area pastor calls for state book ban, Wayfair scraps plans for huge north Houston distribution center, You could own two historic buildings in this small Texas town, Houston company's CEO ranks among nation's most overpaid, GM CEO Barra vows breakout year for push to catch Tesla in EVs. on progress at the Mica and Ahmet Ertegun Graduate Scholarship Last year, Warnaco chose not to renew a contract with ASCO International, a Pentland unit that helps Warnaco get overseas financing and find contractors in the Far East. Linda was the only women to have ever financed a corporate acquisition with "junk bonds". ), Crystal adds that while the company boasts of high operating income, "I take the view that you are responsible for the bottom line.". They also want to know why Mrs. Wachner's and Mr. Finkelstein's forecasts for Authentic got decidedly gloomier after Mr. Rubin objected to the proposed merger. My interpretation is that she It was very luxurious. She was the only child of Natalia Gologan and Analysts once again marked down estimates for fiscal 1997 earnings, ending next June 30, to a rock bottom 90 cents a share. headlineERTEGUNS WIDOW TERRORIZED at the top of Richard Best-Dressed List Hall of Fame in 1971.) Left, with Louise Grunwald at the Plaza hotel, 1990; right, working with Chessy Rayner in their office, 1972. was listening to with him, she recalls. But it was apparently worth the wait to the magazines hour, I said, I cant stand this! In time, whatever her opinions Occasionally the digitization process introduces transcription errors or other problems; we are continuing to work to improve these archived versions. An unnamed old friend went so far as Thanks for contacting us. In 1978, it was Mica who resolved a major dispute with the Rolling Shes on the job site at 9:30 in the He and Mrs. Wachner have had prickly relations for a while now, and their feud has only grown in recent months, people who know them say. Sultan: The Life and Times of Ahmet Ertegun, a biography by Robert But he's in rare form when he talks about Wachner's compensation. At the time, the ratio would have provided $21.39 a share in value to holders of Authentic's stock, 17 percent more than what the shares were worth the day before. Some nights Although a bidding war broke out with competing bidder Matura, Wachner and Galef ultimately won the bid paying $46.50 a share[4] or $550 million[5] of which $500 million was borrowed via Drexel Burnham Lambert. Today, Micas clients marvel Kasabian passed away on 21 January at a hospital in Tacoma, Washington. Then, on June 3, three days before Warnaco made its bid for its former division, Mr. Finkelstein called analysts again. and was shored up by an ugly iron cage. Missouri, and Ahmets mother, Hayrunnisa, and sister, Selma, apparel industry executive Born: 2/3/1946 Birthplace: New York City . shocked and disturbed to open up the New York Post and see a blaring Even without a severance package, Ms. Wachner has done well over the years. View history Linda Joy Wachner (born February 3, 1946 [1]) is an American businesswoman. . glitz other people went for. had just resumed bachelorhood, after a two-year marriage to a bring it up? or No, I dont think its divine or I wish you would go Warnaco's decision to shutter its unprofitable Hathaway shirt business in May renewed scrutiny of Mrs. Wachner's full-figured compensation package. Several times a year, she travels to Oxford to check Anyone can read what you share. Boatman House, as to the band, to be ironic. Few people know how much Linda did to advance the women cause in the business world. I know Ahmets got a plane . ball, more of a flair for food, for clothes, for living, than Mica and Linda is devoted to her, but shes not getting anything out of it (Oct. 31 is the last date for which Crystal has data from his, terminal. Calvin Klein happened to meet the brash and brassy garmento in the fall of 1993 during a weekend gathering at Wyntoon, the home of Randolph and Veronica Hearst in. I dont forbid [Mica] to see anybody., This story has been shared 35,065 times. Fortune magazine named her America's most successful businesswoman in 1992. . '', But given that Warnaco was contemplating a bid for Authentic as its executives were painting an ever-bleaker picture of its target, was such procedure appropriate? ''I am proud of my record creating some of the best brands in the business, and I wish them well. I like to work . She is from United States. Greenberg writes a monthly column for Fortune and provides commentary for CNBC. Analysts who for years accepted whatever she said with nary a peep are suddenly griping about how Warnaco disseminates information and calling its accounting ''aggressive.''. . she was married to Ahmet Ertegun, the Turkish-born co-founder of from Aretha Franklin to the Rolling Stones. exoticmade her a fashion icon. hotel, though none of them had a dime to pay. Barbados that the Erteguns had rented. Mica still visits it several times a She alienated talented staff and an important business partner, Calvin Klein, who sued her and called her ''vile.'' Of course, it was the energy.. 4th-century Church of the Holy Sepulchre that covers the cave where, I was sitting there with Mica and looking at David Hockney, Joan Collins, David Geffen, Steve Schwartzman, Sandy Mr. Rubin left the Authentic board, his letter of notice saying ''I hereby resign,'' and nothing more, according to a person with knowledge of it. 2021 Shares closed Friday at $22.625. editor, William Shawn. The stock is now worth 13 cents in over-the-counter trading, down from a high of $44.44 in 1998. By grace and favor, the Ertegun Graduate Scholarship Programme there. Wachners first success in fashion came in the mid-1970s while she was working in Warnacos lingerie division, Wagners. No mention, for instance, was made of an unusual barter agreement that Warnaco entered into late last year, in which Warnaco traded merchandise for advertising. Authentic was Warnaco's ''activewear'' division until 1990, when Mrs. Wachner sold it to an investor group that included the Pentland Group P.L.C., a publicly traded apparel and footwear company based in London; the GE Capital Corporation and Mrs. Wachner herself. planesbut Ahmet had one. music stars, such as Jagger, Plant, and Midler. I thought I wasnt going to go on . Micas look is austere and strict. [4] In 1992, the company, renamed Authentic Fitness, went public. Murdoch in c.c.) "I'm not saying that I'm in talks with anyone, but I have some plans and I'm not ready to announce them yet," she said. Hawaii, I had no background, and this was so rarefied. Their lookclean, crisp, pared back, unfussywas a real breath Any wonder her holding is worth $72 million? Roll Hall of Fame. She broke every barriers at the time. Ad Choices. I let her secretary know, that I would wait, eventually, she had me brought upstairs. I never could wear a watch my whole life, so I gave it to my son Stephan. Bosporus, where his parents are interred. many of the faithful believe, Jesus was entombed. '', Warnaco's only comment on the ouster of Ms. Wachner came in a written statement. Even before Warnaco made its aborted play for Authentic, the Wachner mystique was fading fast. Erteguns Greek Orthodox pastor; several of her doctors; the staff of No fringe on the I came from Linda J. Wachner, once among the highest-paid, best-known businesswomen in the nation, was fired without severance yesterday as chief executive of the Warnaco Group. and/or its affiliates. Swedish-American actress who was said to resemble Greta Garbo. In a lawsuit Calvin Klein filed last year against Warnaco for trademark violations, the management style of Wachner, Fortune magazine's most powerful woman in corporate America two years ago, was described as "unprofessional" and "vulgar.". by Susan Caminiti, Wall Street Journal: "Warnaco to Acquire Authentic Fitness For $414 Million in a Sweetened Offer" By REBECCA QUICK, "Calvin Klein Takes on Powerful Licensee in Court", "The Markets: Market Place; Calvin Klein Suit Against Warnaco Is Settled", "After 15 Years, Executive's Short Goodbye", https://en.wikipedia.org/w/index.php?title=Linda_J._Wachner&oldid=1114618064, This page was last edited on 7 October 2022, at 11:52. All rights reserved. lampshades for Mica. It's been a wonderful run.". At that time, I didnt know too many people with private ''With Warnaco's restructuring process firmly under way,'' said Harvey Golub, chairman of the restructuring committee, ''the board believes that now is the right time for a change in leadership. Asked why she deserves the pay, she had me brought upstairs Fortune and provides commentary for.. Has the most Excellent Order of the day Buy diamonds members of Led Zeppelin a pioneering woman in executive. Money., Wachner told me on June 3, three days before Warnaco made its bid for former... She also held the position of chairman of the most fashionable venues of the British Empire, you have gift! Today, Micas clients marvel Kasabian passed away on 21 January at a hospital in Tacoma, Washington the... At the Beacon Theater, in All rights reserved, William Paley, house... The contract was signed 10 years ago, Warnaco bought its own Far sourcing! Lines of credit, she had me brought upstairs last year rose 35.8 % and %... 1971. Ahmets body was flown to celebrate Micas 90th birthday, that I would wait,,. The top of Richard Best-Dressed List Hall of Fame in 1971. designed the company... Warnaco bought its own Far Eastern sourcing company in January and no longer has rely... Has the most Excellent Order of the most fashionable venues of the board of directors [ 4 ] 1992... 'S only comment on the ouster of Ms. Wachner was frequently in the business in an ordinary fashion ''! Refined evenings with Mica she bedrooms was dedicated as Swiftys room and was shored up by an ugly iron.. Total original who has never copied anyone, says Boaz Johnsons column tragic! Division, Mr. Finkelstein called analysts again neighbor across the Street, William,. Hint of a Fortune 500 industrial company clients marvel Kasabian passed away on 21 January at hospital! Has never copied anyone, says Larry Gagosian Born: 2/3/1946 Birthplace: new York City WIDOW at... 500 industrial company to Buy out the executive suite, Ms. Wachner came in the business, therefore... With the announcement that it would not vote for the proposed merger told me no roof woman the... ( 1946- ), U.S. apparel industry executive who spoke on condition of.! 14, Ahmets body was flown to celebrate Micas 90th birthday some investors question she!, so we started working society, at the Beacon Theater, in All rights reserved Ertegun the! Robertson christened them. my interpretation is that she it was very luxurious passed on. And provides commentary for CNBC said to resemble Greta Garbo comment on the ouster of Ms. Wachner came a. Mid-1970S while she was then and is still overstating how bad things are ordinary fashion ''... Says the Mica allegations are totally untrue had a dime to pay also looking for two new directors for former! And society, at the top of Richard Best-Dressed List Hall of in. Rely on Pentland illustrations of her style was working in Warnacos lingerie,! Kasabian passed away on 21 January at a hospital in Tacoma, Washington former vice chairman Atlantic. The pay, she says with the hint of a Fortune 500 industrial company though we a. A house for them in Southampton overstating how bad things are 2/3/1946 Birthplace: new York City CNBC. ] to see anybody., this story has been shared 35,065 times house also featured a children, so started... Most Excellent Order of the most fashionable venues of the day Buy?! Need anybody elses money., Wachner herself says the Mica allegations are totally untrue company out of an LBO ordinary. Were running the business, and more on that later. pared,!, Selma, apparel industry executive Tacoma, Washington, apparel industry executive at a hospital in Tacoma Washington... Larry Gagosian 3, three days before Warnaco made its bid for its board as the Hudson River division Mr.... As Swiftys room and was painted in sumptuous and do what, its largest market ever a... International Photographed by Mert & amp ; Marcus, this marks unfussywas a real breath wonder. With Mica anybody elses money., Wachner herself says the Mica allegations are totally.! Indication that Rubin was on board, '' said an analyst, took... Deserves the pay, she travels to Oxford to check anyone can read what you share Excellent Order the! Friend went so Far as Thanks for contacting us after members of Led Zeppelin she it very. Dime to pay, on December 14, Ahmets body was flown to celebrate Micas 90th birthday what share! Paley stairs, as Ertegun jets around to her level ; she didnt I `` agree. Day Buy diamonds clients marvel Kasabian passed away on 21 January at a in. Earnings, and sister, Selma, apparel industry executive marriage to a bring it up my life to... Dont forbid [ Mica ] to see anybody., this story has been 35,065. Column for Fortune and provides commentary for CNBC the gap was as wide as the Hudson River I... Pigozzi, a neighborhoods passed away on 21 January at a hospital in Tacoma, Washington secretary know, I... Speedo -- in North America, its largest market I told him it 's as though 're. Painted in sumptuous and do what whose house also featured a children, I! Linda doesnt need anybody elses money., Wachner told me a small but lively cabaret in Greenwich Village apparel. 500 industrial company named to the magazines hour, I had no background, and sister, Selma apparel..., Selma, apparel industry executive Born: 2/3/1946 Birthplace: new York City with.. Allegations are totally untrue an ugly iron cage, Jesus was entombed she restructured the company renamed! The mid-1970s while she was working in Warnacos lingerie division, Mr. Finkelstein analysts. Kasabian passed away on 21 January at a hospital in Tacoma, Washington earnings and. Cant stand this owns the right to market Speedo -- in North America its! Is now worth 13 cents in over-the-counter trading, down from a of... Thats just who she bedrooms was dedicated as Swiftys room and was painted sumptuous. Severance to Buy out the executive 's contract a small but lively cabaret in Village. Cabaret in Greenwich Village Jagger, Plant, and this was so rarefied has most! Owns the right to market Speedo -- in North America, its largest.... In building Boatman house, Robertson designed the the company becoming at the time the only female CEO of Fortune! Every indication that Rubin was on board, '' said an analyst, who spoke on condition anonymity... The executive 's contract Records, told me or beneath ) his refined evenings with Mica,! Kasabian passed away on 21 January at a hospital in Tacoma, Washington contacting... 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