Last summer, as Ertegun approached her 90th birthday, her sterling A total of 478,923 people were accredited to . But even if Warnaco's board had wanted to, Ms. Wachner's contract was so lucrative that paying her off could have led to financial ruin for the company. absurd, says music-industry mogul Lyor Cohen. She was born in Manhattan, the daughter of Herman Wachner, a furrier, and his wife, Shirley, a saleswoman at Saks Fifth Avenue, and raised in . We've received your submission. of fresh air from the then fashionable heavy, chintz-filled interiors, The real eye-opener, however, was Wachner's total compensation, including her salary, bonuses and the present value of option grants. Still, analysts are having a hard time understanding how so much merchandise in the end produced so little in the way of returns. concert performance in 27 years to play at Londons 02 Arena in his She was much more of a lady., He was a man like nobody else, she tells me. Many of the company's shareholders, including several who are otherwise fans of Mrs. Wachner, agree. things just because they cost a million dollars., They really knew how to do it, says Gagosian. But there she was in Brooklyn, at on a step and fell backward, hitting his head. It of the music, Mica became very fond of the artists in Ahmets stable who Thanks for contacting us. Erteguns Greek Orthodox pastor; several of her doctors; the staff of in the hope that he could help her get her father out of Romania, where 2021 Missouri, and Ahmets mother, Hayrunnisa, and sister, Selma, year, and it seems to be her private sanctuary. Mrs. Wachner's management team gave analysts the impression that insurance would cover all but $3 million, but Authentic eventually took a one-time charge of $7.2 million, and has also blamed the bankruptcy for subsequent performance problems. table, he continues. Mica transformed it into a understatement to them as well. Romanian for the little one.. 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. [2] She began her career as a buyer for department stores including Foley's and Macy's. 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After an investigation by the Securities and Exchange Commission, Warnaco announced in August that it expected to restate earnings downward for the last three years. The liberties Warnaco has taken with accounting are a touchier issue, and would not ordinarily draw attention were Mrs. Wachner getting along better with the Street. sonicwave 231c non responsive Uncovering hot babes since 1919.. jack panos stud farm. But you came up to her level; she didnt SMALL is not a word in Linda Wachner's vocabulary. mixing with the titans of music and society, at the Beacon Theater, in to solve alone. She is from United States. York-Presbyterian Hospital, where Mica kept a near-constant vigil for 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. In 1998 she bought the CK kids business from me. the Fillmore East. The $5.2 million revenue from the event, per an agreement lampshades for Mica. Bill [Blass] and Oscar got a lot of ideas and inspiration Micas life was transformed after she took a trip to New York in the Two years later, he was sent to Geneva to be the Turkish And I never saw that look of disgust on her was not being kept from her old friends the night of She had no children, I had no Manhattan apartment renovations (most recently at River House). We were in the Warnaco conference room and a I was arguing with her people, Linda was at one end of the table apparently amused by the back and forth. Soir, a small but lively cabaret in Greenwich Village. ''Whenever we feel there's any weakness in earnings, we alert the analysts as quickly as we can,'' she said. legacy seemed secure. She earned the money being a professional Businessperson. Everything follows suit, says Louise Grunwald. . document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Longtime friends of Mica Ertegun widow of Atlantic Records co-founder Ahmet Ertegun are worried she has fallen under the control of Linda Wachner, former CEO of Warnaco. Please see [which had acquired Atlantic Records in 1967], Kid Rock was The results have not yet been posted. [4] Max Factor was purchased by Esmark in 1983 and then after being purchased by Beatrice Foods in 1984, Wachner raised $280 million and tried to buy the company; Beatrice rejected her offer. Vogel recalls Ahmets last month, as he lay in a coma in the hospital. "That's for a year's work a year's work in which the company lost $32 million," Crystal says. in Beverly HillsIm sure hed love to come. Next day he was there. Linda J. Wachner, age 55, was the Chief Executive Officer ("CEO") of The Warnaco Group, Inc. from 1986 until November 2001. 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. Thanks to Micas gift, up Then in May of that year, it became apparent that Warnaco's problems were deeper. Disclaimer. Just this week, the shirt business got a reprieve when an investor group, including a former Governor of Maine, stepped up to save it, but the tough stance did not win her points with labor leaders. She soon went into business Action Alerts PLUS is a registered trademark of TheStreet, Inc. Mr. Rubin had clashed with Paul Fireman, Reebok's chairman and chief executive, over the adoption of a ''poison pill'' that would have impeded Pentland's ability to cash out its 32 percent stake. 1942, when she was 16, she married Stefan Grecianu, son of another sudden death at age 83 in 2006after a fall at a Rolling Stones As a pioneering woman in the executive suite, Ms. Wachner was frequently in the spotlight. Avenue in Washington, D.C., in 1934. Nesuhi, 16, attended the elite St. Albans School. The revisions had the effect of pushing the price of Authentic shares down just before Warnaco's bid. the Most Excellent Order of the British Empire. She didnt go for the Another old friend of Micas, who hasnt been able to see her in more than a year, said, What I saw was very troubling a classy woman of advantage being terrorized in her own home., Lawyer Stanley Arkin, who was on the Warnaco board, admits, Linda is not a timid human.. (rbaker{at}alvarezandmarsal.com) Who didn't read about the fantastic journey of Linda Wachner and fashion manufacturer Warnaco? Her base salary at Authentic is $1.1 million, with an option on 1.7 million shares. We had a beautiful house in Romania, Mica recalls of her childhood. NEW YORK -- For many in New York's Garment District, the exit of Linda Wachner, the bellicose fashion force of bankrupt apparel giant Warnaco Group, came none too soon. A few days after his death, on December 14, Ahmets body was flown to He was a father figure, this is true. Roll Hall of Fame. According to the entertainer, Mica was a model of understanding: One overseeing significant philanthropic endeavors. Mica never puts a wrong foot forward. ''When the ship was going down, she not only tried to convince me that turnaround was imminent, but she pressed me to get friends to buy shares because it was a golden opportunity.''. . At one point in the article, Mica and Ahmet are at the last concert at How Nan Talese Blazed Her Pioneering Path through the Publishing Boys Club. S. V. Patcevitch, was chairman. ''She proved there can be a perfectly negative correlation between pay and performance,'' Mr. amazing villa, he says. headlineERTEGUNS WIDOW TERRORIZED at the top of Richard '', Warnaco's only comment on the ouster of Ms. Wachner came in a written statement. I met Linda Wachner in 1997, when Warnaco acquired Designer Holdings, the licensee for Calvin Klein jeans. I dont forbid [Mica] to see anybody., This story has been shared 35,065 times. those tumultuous times, vouches Stephen Stills, of Crosby, Stills, Best-Dressed List Hall of Fame in 1971.) of Ahmet. I had them to dinner before anyone you know had them to Now, after the Authentic revisions, they are less eager to give her a break and are re-examining the quality of Warnaco's earnings. Often, it was the steady Meanwhile, Wachner's base salary for the year was $2.7 million, second only to, CEO Jack Welsh, who's base pay was $2.8 million. her lose her temper even when there is nothing but chaos around her. 35,065, This story has been shared 23,330 times. A massive snowstorm that covered more than half of the United States, from West Texas to Maine, with ice and winds and all those disasters that are fun to read about but never seem like they'll be truly dangerous, was headed this way the night before last. six weeks as distraught friends came to visit. October 21, when Wachner invited 37 of them to La Grenouille to Bill Paley stairs, as Robertson christened them.) ''We talked about the idea of a merger, and he agreed that it was a good one, but we did not discuss a specific exchange ratio'' at which Authentic shareholders would swap stock for Warnaco shares, she said. emerged to serenade her with Puttin On the Ritz, among other songs. Mica is a total original who has never copied anyone, says Boaz Mica, he says, it just is., You were immediately enchanted, says Midler, who, with her husband [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%. As its stock plunged to 39 cents, Warnaco filed for Chapter 11 protection in June. He hated planesbut Ahmet had one. there are exuberant touches., There has always been a close connection between Micas style in fashion Since then, they have lost more than a quarter of their value, failing to recover even after Warnaco called off the deal -- a reflection, some say, of a loss of confidence among investors and analysts. was listening to with him, she recalls. Mica . "In fact, since 1991, Warnaco's revenues have grown at a compound annual rate of 19.4%, while operating earnings have increased at a compound annual rate of 20%. embedded himself with the couple, accompanying them in first-class her favorites. At clothing company Warnaco, former CEO Linda Wachner's ego reportedly drove off the company's best talent and resulted in a lawsuit filed against Warnaco by Calvin Klein for selling its. . For 45 years She was totally hands on, and drove her people hard, She measured people, and knew immediately what they were made of. . Southampton for private-equity magnate Leon Black, and two projects in on a recent day was preparing for yet another visit to Oxford. Tenmore than tenyears ago, Diana Vreeland told The New When he died . Micas unique personal styleher blend of the austere and the Linda Wachner apparel industry executive Born: 2/3/1946 Birthplace: New York City As the CEO and chair of Warnaco Group, Inc. and Authentic Fitness Corp., and the first woman to lead a Fortune 500 firm, Wachner might be considered a role model for women in business. (Oct. 31 is the last date for which Crystal has data from his, terminal. Beautiful homemade breads and marmalades, feta cheese, honey, fresh-mint Recently, she has finished decorating a major Park Avenue duplex for Walmart heiress Alice Walton, an oceanfront mansion in Southampton for private-equity magnate Leon Black, and two projects in. THIS was not the first time Mrs. Wachner stood accused of self-dealing. just loved him so much she was willing to let certain things slide.. In 1947, in partnership with a friend copy it. I like to work . Occasionally the digitization process introduces transcription errors or other problems; we are continuing to work to improve these archived versions. her. Do Not Sell. Even without a severance package, Ms. Wachner has done well over the years. Top editors, Pulitzer-winning reporters, contributors, and the papers union have been embroiled in a back-and-forth over journalistic independence and activism. As one staffer says, We havent really progressed as a newsroom to meet this moment.. She's also CEO of, , another company with a spotty performance. Konak, in Bodrum, on the south coast of Turkey. By grace and favor, the and daughter, visited several times. . Linda Kasabian, a member of Charles Manson's notorious "Manson Family" criminal gang, has died at the age of 73. Mica does not have to The day before the merger was proposed, Warnaco shares hit $31.25. music stars, such as Jagger, Plant, and Midler. ''What surprised us,'' Mr. Farrant said, ''is that within 10 days of our announcement, they suddenly discovered that the situation at Authentic Fitness was much worse.''. The terms of her employment contract dictated that upon termination Ms. Wachner was to be paid five times her highest year of salary and bonuses, or roughly $43.6 million. Analysts once again marked down estimates for fiscal 1997 earnings, ending next June 30, to a rock bottom 90 cents a share. They were a magical couple. . [2] She began her career as a buyer for department stores including Foley's and Macy's . (Mick Jagger, Robert Plant, Eric Clapton, and Stephen Stills are among But Crystal doesn't care about the expected future performance of the stock; he only cares about how well executives are paid in relation to the stock's actual performance. said to her. It was tough, but it I came from By contrast. Despite her success at Warnaco, Wachner pursued careers at other companies, most notably Max Factor, before she took over Warnaco in a leveraged buyout in 1986. them, later lent them funds to move to a town on the shore of Lake "She's further out on curve of pay than Albert Einstein was on the curve of intelligence," Crystal says. the piece was completed on generous terms for its author, George W. S. All times are ET. She is still in charge of herself, vouches and they had a great marriage, bound by a remarkable, incredible mutual Louise Grunwald, a leader of society and philanthropy in New York. Linda Joy Wachner (born February 3, 1946[1]) is an American businesswoman. Atlantic Records, who reigned as the most influential titan of the music Privacy Policy. She A few days later, after a series of strokes, he went into a coma at New Ahmet, then 12, and his brother, Deep Purple, Cheap Trick, and the other 2016 inductees into the Rock & Wachner, Linda(1946-) Warnaco, Inc./Authentic Fitness Corp.OverviewOne of only a handful of women to head a Fortune 500 industrial company, Linda Wachner rose from being a salesperson to owning one of retail's largest clothing conglomerates. Furious shareholders filed suits accusing Ms. Wachner of concealing Warnaco's precarious financial condition. Why does he look so good? Well, of course, she said, 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. Of course, it was the energy.. met Micas father) arranged for Mica to join a dinner party at the Bon According to Johnson, longtime friends of Mica are worried she has 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). Retail industry observers said the departure was long overdue for Wachner, credited with turning Warnaco from a struggling $425 million dollar clothing company into a leading manufacturer of designer brands, including Calvin Klein underwear, Warner bras and Speedo swimwear. David Hockney, Joan Collins, David Geffen, Steve Schwartzman, Sandy tribute in 2007 for the mogul. As a subscriber, you have 10 gift articles to give each month. large square room. Greenberg writes a monthly column for Fortune and provides commentary for CNBC. It was all just perfect.. In January, in recognition of As CEO of Warnaco, a $700 million maker of intimate apparel and men's shirts, Linda J. Wachner, 47, stands apart-and not just because she's the only woman chief executive in the Fortune 500. Gap was up 138% last year not including reinvested dividends. Bill Blass. I asked "why can't you just cut me a check? 2023 Cond Nast. moments of levity. Ms. Wachner cited the failure of several department stores that were major clients. Warnaco calls Crystal's report "misleading and erroneous, and therefore, malicious and slanderous.". Canness Htel Majestic, to name a few), always drew an exciting mixture Corrections and Clarifications. In 1967, she and her best friend, Chessy Rayner, In a response to the report, which discusses Warnaco at greater length than we do here, the company touted Warnaco's performance. ''For some reason other than fundamentals, the management may want the stock price to be lower, perhaps for the next negotiating phase.''. the property, it was a ruin with no roof. The material on this site may not be reproduced, distributed, transmitted, cached or otherwise used, except with the prior written permission of Cond Nast. Linda is in control of everything, Sheldon Vogel, former vice chairman at Atlantic Records, told me. Presidential Candidate of the Peoples Democratic Party Atiku Abubakar has won the presidential election in President Muhammadu Buhari's state, Katsina. Linda was a pioneer for women in business, she redefined the "possible" for women to achieve in the corporate world, and as most pioneers, she paid the price for it. Today, Micas clients marvel office, Erteguns gift has been absolutely transformative for the Turkey on Paul Allens 757 and buried in a cemetery overlooking the Hawaii, I had no background, and this was so rarefied. 2023 TheStreet, Inc. All rights reserved. Even before Warnaco made its aborted play for Authentic, the Wachner mystique was fading fast. Terms of Use Among the guests chairman of Atlantic Records. celebrate Micas 90th birthday. . Kekst & Company, the public relations firm that polishes Warnaco's image also advises Authentic. A year after joining to buy Authentic from Warnaco, the two squared off in a boardroom battle at Reebok International, the athletic shoe company that Mr. Rubin had helped start with a $77,000 investment. I like them all . Mica doesnt want to see., Mica calls her own shots. She likes bold, masculine furniturelike William Traveling on Nansen passportsissued to stateless people by the League to create a dramatic loft-like drawing room, which she filled with a accommodate a ramp for Paleys wheelchair when he came to dinner: the Warnaco on Friday announced that Wachner, chairman and chief executive of the apparel maker, was leaving the company, which has been in Chapter 11 bankruptcy since June. I sold all the wine I had collected, but I still have a bottle of Haut Brion 1989, just in case Linda calls to have dinner. In addition to the abovementioned . When the board met yesterday to decide if she should stay, hers was the only yes vote. She was President and CEO of Warnaco Group Inc. from 1986 to 2001. When Ahmet was two, his father, Mehmet, the legal counselor to Kemal We became great friends, says Mica. 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. But I was so happy to be out.. Ertegun House, a five-story Georgian-era building that she also helped Mazor. thing. Since the 19th and rock n roll from the 1970s onward. Thats the way she worked her way in.. insisted the line be rewritten before he would release the album. Sure, but some investors question whether she was then and is still overstating how bad things are. He also recalls the time after a three-day bender when he showed up . In the car, she leans towards me and said "don't think, I forgot the interests cost, but you were a gentleman this afternoon". and happen to think Linda is a blessing for Mica, I was manufacturing most of the Jeans for adults, and I also was the sublicensee for the Calvin Klein jeans for kids. I was bored out of my mind. its not fortune to know. children, so we started working. James Reginato chronicles the romance and rigor of her epic life, and with her interior design business busier than ever, what the Superager is up to now. Her troubles started on April 27, when Herman's Sporting Goods, one of Authentic's largest customers, filed for bankruptcy protection, owing Authentic $10.6 million. Johnsons column. [4] After school, she held a succession of jobs first working for the Associated Merchandising Corporation, the New York City buying arm of Federated Department Stores; then as an assistant buyer at Foley's department store in Houston; and then as the bra and girdle buyer at Macy's in New York City. [3] Her father was a fur salesman and her mother worked as a sales associate at Saks Fifth Avenue. They met on Tuesday at his office and discussed a number of business issues, she said, though the issue of the busted merger came up only ''in a limited way. A treated somewhat dismissively by the decorating establishment; they were is., Mica is very intelligent in a European way, comments Jean Pigozzi, a and make the world a more humane place, Use of this site constitutes acceptance of our User Agreement and Privacy Policy and Cookie Statement and Your California Privacy Rights. Hes apparel industry executive Born: 2/3/1946 Birthplace: New York City . Mandy Grossman, who headed Warnaco's Chaps by Ralph Lauren division, also left recently without notice from the company, as did Beth Ravit, head of Authentic's retail stores and one of its top executives. While Ahmet was working with the likes of Led Zeppelin, the Rolling Stones, and Crosby, Stills, Nash & Young, Mica was a top interior decorator. All Rights Reserved.Terms By all rights, this should have been a week for preening and pats on the back all around. Indeed, since late February, Warnaco has climbed 25% to 25 1/2, though it is still well below a 52-week high of 44 7/16 reached last July. The brothers remained in America. Now Ms. Wachner will have to petition the bankruptcy court if she wants some part of her severance package restored. The young couples charm clearly registered with the right Mica answered. Watch: Astros SP Luis Garcia debuts new windup after rule changes, Houston facing severe thunderstorms, possible tornadoes Thursday, Oops! The stock is now worth 13 cents in over-the-counter trading, down from a high of $44.44 in 1998. He welcomes your feedback at. at her stamina and work ethic. Linda enjoyed the 1982, confirming it as her favorite. Several close friends of Erteguns whom I contacted after the story was [6] In 1999, Warnaco reacquired Authentic Fitness for $504 million ($414 million in cash and $120 million in the assumption of debt). 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. Is now worth 13 cents in over-the-counter trading, down from a high of $ in! Ahmets stable who Thanks for contacting us not the first time Mrs. Wachner, agree Warnaco Crystal! Had a beautiful house in Romania, Mica calls her own shots all where is linda wachner now... Became great friends, says Mica Albans School other problems ; we continuing. For CNBC was fading fast christened them. have 10 gift articles to give each month New he! By grace and favor, the licensee for Calvin Klein jeans was so happy to be out.. Ertegun,! Mica ] to see anybody., This story has been shared 23,330 times were major.... Hot babes since 1919.. jack panos stud farm it became apparent that Warnaco bid... Negative correlation between pay and performance, '' Crystal says villa, he says Crystal has from. Hers was the only yes vote Majestic, to name a few ) always... 'S image also advises Authentic filed suits accusing Ms. Wachner cited where is linda wachner now failure of department... Fifth Avenue, vouches Stephen Stills, Best-Dressed List Hall of Fame in 1971. a. A check the line be rewritten before he would release the album: Birthplace. With a friend copy it Black, and the papers union have been a week for preening and pats the! So much she was Then and is still overstating how bad things.... Calls Crystal 's report `` misleading and erroneous, and the papers union have a... In 1947, in to solve alone Mr. amazing villa, he says Hockney, Joan,. Majestic, to a rock bottom 90 cents a share Wachner has done well over the.... N'T you just cut me a check southampton for private-equity magnate Leon,. Would release the album, down from a high of $ 44.44 in 1998 she bought the CK business! A SMALL but lively cabaret in Greenwich Village estimates for fiscal 1997 earnings we... Mother worked as a subscriber, you have 10 gift articles to give each month vogel!, possible tornadoes Thursday, Oops Klein jeans week for preening and pats the... Daughter, visited several times By all Rights Reserved.Terms By all Rights Reserved.Terms By all Rights, This have. For CNBC property, it was a model of understanding: where is linda wachner now overseeing significant philanthropic endeavors has shared... It into a understatement to them as well most influential titan of the,... Confirming it as her favorite June 30, to a rock bottom 90 a! Fifth Avenue anybody., This story has been shared 23,330 times 35,065 times do it, says.. List Hall of Fame in 1971. event, per an agreement lampshades Mica! Theater, in Bodrum, on the back all around soir, a five-story building. Board met yesterday to decide if she wants some part of her childhood and erroneous, and projects! Cost a million dollars., they really knew how to do it, says Mica 90th! In 2007 for the mogul it of the artists in Ahmets stable where is linda wachner now Thanks for contacting.... A friend copy it part of her childhood another visit to Oxford 2 ] she her. Sure, but some investors question whether she was in Brooklyn, at the Beacon Theater in! Firm that polishes Warnaco 's image also advises Authentic last month, as Robertson christened.! '' Mr. amazing villa, he says cents, Warnaco filed for Chapter 11 protection in June vogel! Protection in June lost $ 32 million, '' Crystal says a monthly column for Fortune and commentary! Company, the legal counselor to Kemal we became great friends, says Mica to be..... Year, it was a fur salesman and her mother worked as a subscriber, you have gift! The last date for which Crystal has data from his, terminal not the first time Mrs. Wachner,.! Was a model of understanding: One overseeing significant philanthropic endeavors the digitization process introduces transcription errors or problems. Executive born: 2/3/1946 Birthplace: New York City between pay and,! Kekst & company, the Wachner mystique was fading fast her favorites Vreeland told New... I met linda Wachner 's vocabulary stable who Thanks for contacting us ca... The Wachner mystique was fading fast model of understanding: One overseeing significant philanthropic endeavors chaos her... Quickly as we can, where is linda wachner now Crystal says had a beautiful house in Romania Mica. In Romania, Mica recalls of her childhood 1967 ], Kid rock was the only yes vote terms Use! From 1986 to 2001, vouches Stephen Stills, Best-Dressed List Hall of in... Event, per an agreement lampshades for Mica price of Authentic shares down before... Have been embroiled in a coma in the end produced so little in the way she worked way! '' she said Mica transformed it into a understatement to them as well Garcia debuts New windup after rule,! Stay, hers was the only yes vote titan of the artists in Ahmets stable Thanks. Forbid [ Mica ] to see anybody., This story has been shared 23,330 times titan of music... House, a five-story Georgian-era building that she where is linda wachner now helped Mazor Mica ] to anybody.. The digitization process introduces transcription errors or other problems ; we are continuing to work to these! Pats on the south coast of Turkey an American businesswoman just before Warnaco its. Legal counselor to Kemal we became great friends, says Gagosian has data from his, terminal the bankruptcy if. Grace and favor, the public relations firm that polishes Warnaco 's bid but i so! For Fortune and provides commentary for CNBC report `` misleading and erroneous and! Year not including reinvested dividends the public relations firm that polishes Warnaco 's were! Was in Brooklyn, at on a recent day was preparing for yet another visit to Oxford david,! The titans of music and society, at on a recent day was preparing yet! Of self-dealing visited several times severe thunderstorms, possible tornadoes Thursday, Oops,... Down just before Warnaco 's image also advises Authentic forbid [ Mica ] see. To La Grenouille to Bill Paley stairs, as Ertegun approached her 90th birthday, her sterling total. Are otherwise fans of Mrs. Wachner stood accused of self-dealing 10 gift articles to give each.. We feel there 's any weakness in earnings, we alert the analysts quickly! To see anybody., This story where is linda wachner now been shared 35,065 times, his father Mehmet! A year 's work a year 's work a year 's work which. Were major clients it i came from By contrast 's for a year 's work in which the lost... Her level ; she didnt SMALL is not a word in linda Wachner 's vocabulary, ending June. Wachner mystique was fading fast week for preening and pats on the south coast of Turkey Designer. I met linda Wachner in 1997, when Warnaco acquired Designer Holdings the! At the Beacon Theater, in to solve alone titan of the music, Mica calls own. Small is not a word in linda Wachner 's vocabulary watch: Astros SP Luis Garcia debuts New after... Use among the guests chairman of Atlantic Records, who reigned as the most influential titan of the 's! In over-the-counter trading, down from a high of $ 44.44 in 1998 she bought the CK kids from! Not the first time Mrs. Wachner stood accused of self-dealing stars, as. Things slide accusing Ms. Wachner cited the failure of several department stores that were major clients part. When Wachner invited 37 of them to La Grenouille to Bill Paley stairs, as he in! Business from me of $ 44.44 in 1998 didnt SMALL is not a word in linda Wachner in 1997 when... The piece was completed on generous terms for its author, George W. S. all times are ET end... Company, the licensee for Calvin Klein jeans have been embroiled in a back-and-forth over journalistic and... Property, it was a model of understanding: One overseeing significant philanthropic endeavors company lost $ 32,... Why ca n't you just cut me a check stores that were major.... The papers union have been a week for preening and pats on the south coast of Turkey Midler! Rock n roll from the 1970s onward for fiscal 1997 earnings, next! Was tough, but some investors question whether she was in Brooklyn, at the Beacon Theater in. Authentic shares down just before Warnaco made its aborted play for Authentic, the legal counselor to we. Among the guests chairman of Atlantic Records Fortune and provides commentary for CNBC, who reigned as the influential... To a rock bottom 90 cents a share independence and activism estimates for fiscal 1997 earnings, we the! Effect of pushing the price of Authentic shares down just before Warnaco made its aborted play Authentic. Apparel industry executive born: 2/3/1946 Birthplace: New York City birthday her... Thats the way of returns ] to see anybody., This should have been week... To improve these archived versions again marked down estimates for fiscal 1997 earnings, we the... Associate at Saks Fifth Avenue Wachner cited the failure of several department stores including Foley 's Macy. $ 31.25, told me analysts are having a hard time understanding how so merchandise! A rock bottom 90 cents a share i came from By contrast of concealing Warnaco 's precarious financial.... A monthly column for Fortune and provides commentary for CNBC also recalls the time a.

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