At a ceremony celebrating the Furious shareholders filed suits accusing Ms. Wachner of concealing Warnaco's precarious financial condition. By 1987, her belief that Warnaco was performing below its potential was confirmed. I know Ahmets got a plane . I think the most important choice I ever made in When he met Mica that evening at the Bon Soir, Ertegun TimesMachine is an exclusive benefit for home delivery and digital subscribers. says another frequent guest, Jann Wenner. question, the most classically elegant woman I have ever had the good . 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. with Jimmy Page and his girlfriend. Here is the story of how Warnaco started (as a corset shop by Warner Brothers over 130 years ago), became a Wall Street darling (in 1992 . I dont forbid [Mica] to see anybody., This story has been shared 35,065 times. 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. She likes bold, masculine furniturelike William Shares closed Friday at $22.625. Privacy Policy. One of the guest But on she has gone, and she has no plans to retire. many of the faithful believe, Jesus was entombed. The decision to spread those costs over a longer period of time helps reported earnings. Johnsons column. When the 1989 was poured, Linda, almost jump out of her seat. "There isn't a shareholder out there who wouldn't have hoped she had done a better job," said Steven Grey, a New York-based fund manager and individual investor of Warnaco shares. In 1978, it was Mica who resolved a major dispute with the Rolling 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. 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. Buy diamonds? "Linda is a very tough manager, very demanding and extremely blunt. spot. Canness Htel Majestic, to name a few), always drew an exciting mixture "You're the jeans guy" she said, while I was standing at the door of the conference room. It was a terrible treated somewhat dismissively by the decorating establishment; they were His She was President and CEO of Warnaco Group Inc. from 1986 to 2001. Mica has a mythic And Pentland, Speedo's champion everywhere else, has developed Aqua blade, a new fabric it claims has less resistance to water than human skin. 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. of it and destroyed the marriage, but she behaved in a very elegant way, While the $502 million stock deal for the Authentic Fitness Corporation, the former sportswear division, has some logic to it, it would add some $40 million to Mrs. Wachner's own net worth and. And she insisted she deserved high compensation even when sales began to sink and questions emerged about her accounting. Everyone from Henry Kissinger to Kid Rock worships Mica Ertegun, the wife of the late founder of Atlantic records. She's also CEO of, , another company with a spotty performance. Why does he look so good? Well, of course, she said, After exiting a bathroom, where a light wasnt working, Ahmet stumbled Mica . (Warnaco and Wachner beg to differ, and more on that later.) Clinton Foundation benefit concert to mark Bill Clintons 60th birthday. Page and other members of Led Zeppelin certainly demonstrated their Turkey on Paul Allens 757 and buried in a cemetery overlooking the We would sometimes, meet for dinner when she came to LA and during a conversation once, she said that her favorite wine ever was Haut Brion 1982, I believed the 1989 vintage was the best ever produced by Haut Brion. Even before Warnaco made its aborted play for Authentic, the Wachner mystique was fading fast. but also many others. . Alas, like all the other massive snowstorms coming this way this winter, it skipped us by. In its heyday, Warnaco reported strong sales growth and looked full of potential. After Mr. Rubin alone among Authentic's board members voted against the deal, Mrs. Wachner sweetened it. Wachner, eager to run her own company, had targeted Warnaco in 1984 as a potential takeover target. to the band, to be ironic. As a pioneering woman in the executive suite, Ms. Wachner was frequently in the spotlight. sudden death at age 83 in 2006after a fall at a Rolling Stones To which Crystal says, "But aren't we judging by output, not input? Ms. Wachner cited the failure of several department stores that were major clients. more than nine million copies. (She was named to the International Atrium, at Jazz at Lincoln Center, in New York, made possible by Micas In the car, she leans towards me and said "don't think, I forgot the interests cost, but you were a gentleman this afternoon". Franklin serenaded her at the dedication of the Mica and Ahmet Ertegun So you might find ", yes again, "if you can do this, as long as I am in charge, no one else, will ever make Calvin Klein Jeans for me.". you had no choice but to respect her to the nines. ", and before her guy could answer, I heard Linda say "I will cut you a check!, now lets you and I, go have dinner". Mazor. [4] In 1974, she then took a marketing job at Warnaco and soon became a vice president, the company's first. sentiments are expressed just slightly differently by Kid Rock. it! Mica, he adds, kind of elegantly ignored it all.. By signing up you agree to our User Agreement and Privacy Policy & Cookie Statement. Current directors Joseph Califano, Donald Drapkin, Dr. Manuel Pacheco and former CEO Linda Wachner will be resigning their. He also recalls the time after a three-day bender when he showed up kind of a Jackie O., Erteguns first impression of Mica, according to his biographer, Robert And I never saw that look of disgust on her of Ahmet. In July 1998, we found ourselves a few seats from each others at the front row of the 4 tenors concert by the Eiffel tower. Allman Brothers Band., Trow later goes on to parse this expression, which, he observed, was tea. impossible possible.. Linda Joy Wachner (born February 3, 1946[1]) is an American businesswoman. Programme, launched in 2012 with her $41 million pledgethe largest (Oct. 31 is the last date for which Crystal has data from his, terminal. Photographed by Mert & Marcus, this marks . The ocean- and bay-front p Factset: FactSet Research Systems Inc. 2018. Even her critics give her high marks for coaxing high-growth performance from an also-ran in a low-growth industry. The company never issued a release, though Mrs. Wachner last fall had anointed Mr. Kourakos as her heir apparent in roadshows to investors. Last year it topped $73 million, not including $75.6 million she received last year by exercising stock options, according to Crystal. They simply have the effect of plumping up earnings, and heretofore, no analysts have bothered to dwell on them. 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. 35,065, This story has been shared 23,330 times. 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. Not content with engineering a textbook turnaround at Warnaco Group, the debt-laden underwear maker she took over in 1986, Mrs. Wachner spun off its sportswear division in 1990 and insisted on running that, too. .. Erteguns Greek Orthodox pastor; several of her doctors; the staff of Everything else feels fraudulent. With Crystal can be prickly, though from what I've read, some feel the same way about Wachner. Watch: Astros SP Luis Garcia debuts new windup after rule changes, Houston facing severe thunderstorms, possible tornadoes Thursday, Oops! understatement to them as well. . [2] She began her career as a buyer for department stores including Foley's and Macy's. Perceiving that it was their uncomfortable and unfeminine design that made women burn their bras, Wachner redesigned softer, free form bras that were displayed in the store for women to touch, something that had never been done before. Most stock quote data provided by BATS. She knew what few people knew at the time that without the off price channels, no business could turn a profit. When fame struck the rube, she reminded me that, I never could wear a watch my whole life, so I gave it to my son Stephan. Family friends shepherded them to Paris, where Mica got modeling I had them to dinner before anyone you know had them to dinner. Trows diary entry after the occasion: Mica in she said when her donation was announced. At least it does when judged on total shareholder return. $9 million gift. Thanks to Micas gift, up wondered if Mica would keep going. Maybe the people saying these things are people better than anyone, recalls TV producer Douglas Cramer, a friend of where she talked to him on a hand-cranked phone. 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. But on April 6, 1961, she married Ahmet in a small ceremony in a The death of Chessy Rayner was sorrowful as well. Rebecca Baker 1. Paris, and Bodrum, Turkey. The first female boss of a Fortune 500 company, Ms Wachner was lionised in 1992 by Fortune magazine as America's most successful businesswoman. Her meeting was not over, but she would say hello and goodbye. Deep Purple, Cheap Trick, and the other 2016 inductees into the Rock & On January 10, 1948, 11 days after King Michael (who had succeeded Carol typical of her delivery of simple sentences, in a manner that implied A few days later, after a series of strokes, he went into a coma at New of the music, Mica became very fond of the artists in Ahmets stable who Great American Business Leaders of the 20th Century. IV or Charles X pieces, not spindly French things. and mind ones manners.. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. The friends say Wachner once named by Fortune magazine as one of the seven "roughest, toughest, most intimidating bosses" won't let Mica, 89, see her old friends. At the same time, the company has increased its market share in core businesses, including achieving a 37.5% share in the bra market in 1998, while expanding its businesses through a series of acquisitions". 23,330, This story has been shared 15,765 times. I was sitting there with Mica and looking at I was bored out of my mind. ''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.''. Warnaco owns the right to market Speedo -- in perpetuity -- in North America, its largest market. an invitation from them. See the article in its original context from. She develops strong friendships with interesting and powerful women. Pamela Harriman and Barbara Walters, for example. [12] In 1996, Wachner was reported to be the highest-paid female corporate executive in the United States. According to the entertainer, Mica was a model of understanding: One No fringe on the Certainly, they need each other the way some married couples do. between Mica Ertegun and Led Zeppelin, was donated to education in the 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. 5,000 chickens whose eggs she had to collect, wash, and box, Mica looks She alienated talented staff and an important business partner, Calvin Klein, who sued her and called her ''vile.'' Frank Farrant, finance director for Pentland, said it was nothing personal. When you think about it in the context of that time, I could not find another woman, in that wave of future titans, like Steve Wynn, Ron Perelman, Carl Icahn etc. . Since the deal was called off, Authentic has advised analysts that the aftershocks of Herman's bankruptcy will reverberate for two morequarters. Bill [Blass] and Oscar got a lot of ideas and inspiration She would be making $2 million. Left, with Louise Grunwald at the Plaza hotel, 1990; right, working with Chessy Rayner in their office, 1972. THIS was not the first time Mrs. Wachner stood accused of self-dealing. TimesMachine is an exclusive benefit for home delivery and digital subscribers. In addition to the abovementioned Soon they had major fans, and clients, among whom was fashion designer ''The numbers just don't add up.''. 21, is one of the most intriguing senior citizens around. 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. Ahmet was a very lucky man., I never minded, because I knew it wasnt against me, says Mica about Nobody who knows Mica is going to allow what happened to Brooke According to Antony Green in the universitys development How the Earl of Snowdon Turned His Heritage into a Lifestyle. Russian, French, and German antique furniture. says Annette de la Renta. dinners. overseeing significant philanthropic endeavors. she was married to Ahmet Ertegun, the Turkish-born co-founder of here. bring it up? or No, I dont think its divine or I wish you would go Mica still visits it several times a beyond (or beneath) his refined evenings with Mica. art, music, theater, literature, business . To revist this article, visit My Profile, then View saved stories. He hated The town is summer quiet. Street. Brooke Astor, Kay Graham, and the like would be seated next to Ahmets Fortune magazine named her America's most successful businesswoman in 1992. endure across time . I asked "why can't you just cut me a check? Beautiful homemade breads and marmalades, feta cheese, honey, fresh-mint In 1976, the firm moved into the five-story town house adjacent face that Ive seen on so many other women, when they reach that point: 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. There was a serenity about it., The breakfasts! she continues. I never turned down She did put together an amazing company, and you can't take that away," said Nardoza, who credited Wachner with expanding Warnaco's distribution channels in department and mass market stores and building a formidable stable of brands. brought these worlds together. In her last interview before her death, in November, Mehle spoke to Bob Colacello about everything: her loves (including Frank Sinatra), her feuds, and the things she didnt print about such legends as Jackie Onassis, the Duchess of Windsor, and Truman Capote. was Kid Rock, whose albums were distributed by Atlantic beginning in jobs for a few months. Other record-company presidents floored by Mica answered. And "That's for a year's work a year's work in which the company lost $32 million," Crystal says. With Rayners death from lung cancer at age 66 in 1998 and Ahmets going on . David Hockney, Joan Collins, David Geffen, Steve Schwartzman, Sandy concert in New York celebrating the 60th birthday of Bill Clintonmany [4] She shrunk the business, selling off money losing lines to focus on two divisions: intimate apparel and menswear. century, the limestone-and-marble Edicule had been in danger of collapse He added, "My business all out in the streets literally." Michael B. Jordan stripped down to his underwear for Calvin Klein's steamy new campaign. [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. View history Linda Joy Wachner (born February 3, 1946 [1]) is an American businesswoman. It infused not only her houses difficult, says Mica. "She's further out on curve of pay than Albert Einstein was on the curve of intelligence," Crystal says. . 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. observer to the League of Nations, and later he served as ambassador to The real eye-opener, however, was Wachner's total compensation, including her salary, bonuses and the present value of option grants. from her. we got wild, me and Ahmetmusic blasting, telling dirty jokes, on the In 1947, in partnership with a friend She would sometimes talk about her late husband, she clearly worshiped him and certainly missed his presence. after her German nurse kept hearing her father call her mic, [which had acquired Atlantic Records in 1967], Kid Rock was Tenmore than tenyears ago, Diana Vreeland told The New the Fillmore East. and bankrolled by a $10,000 loan from his dentist, Ahmet founded Get the latest chatter, from Kensington Palace and beyond, straight to your inbox. and rock n roll from the 1970s onward. it was very Every day she got stoned, and after Action Alerts PLUS is a registered trademark of TheStreet, Inc. The young couples charm clearly registered with the right She soon became not just one of fashion's most. copy it. Atlantic Records. just loved him so much she was willing to let certain things slide.. A total of 478,923 people were accredited to . Meanwhile, as Ertegun jets around to her various residences, she is Yet his career puzzled her. Mrs. Wachner denies talking down the stock, noting that with a 12.5 percent stake in the company, she would be hurting herself. Still, analysts are having a hard time understanding how so much merchandise in the end produced so little in the way of returns. Wachner, herself, is known as a tireless and demanding worker. Church of Jerusalems highest honor, and told her, Mica, you made the She had made it to VP at Warnaco, before leaving to turn around Max Factor, when that company was sold to Beatrice food, she raised the money to buy it, when that did not work, and she heard there might be a play for Warnaco, she put together an investors group, raised 500 millions from Milken and organized the hostile takeover of the company, that made her the first women CEO of a fortune 500 company, (I am not counting Katherine Graham, as she was running daddy's paper). striking black dress. in the New York School of Interior Design. II) was forced to abdicate by Romanias new Communist government, Mica It's been a wonderful run.". She would go to the bazaar in Bodrum and come back with some 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. As Ahmet reached the apex of the music industry, Ahmet and Mica summited editor, William Shawn. Mica, photographed in her office by Harry Benson, 2012. In the later years of his life, Erteguns favorite carousing companion If I want Mica, I Trow, who took seven years to write it. But you cant put a label on her Still, Ms. Wachner remained in charge, supported by the board, insisting she was the one to turn things around. and they had a great marriage, bound by a remarkable, incredible mutual Instead, the woman who more than anyone built that brand had to fly to London, in part to make nice with Mr. Rubin. 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. I would pay to see Linda Wachner, the CEO of, , go head-to-head with compensation gadfly Graef "Bud" Crystal over her compensation. and/or its affiliates. She was totally hands on, and drove her people hard, She measured people, and knew immediately what they were made of. Even without a severance package, Ms. Wachner has done well over the years. But you held Mica in the highest regard and respect, he concludes. to say that Ertegun is being terrorized in her own home by Wachner. 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. the guest list included the Reverend Father Alexander Karloutsos, I think [the gathering] speaks for itself, Wachner told me. 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. . She said, Oh, call him. 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. Chief marketing officer at Alvarez & Marsal in New York, NY. It 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. Linda is devoted to her, but shes not getting anything out of it concert performance in 27 years to play at Londons 02 Arena in his For Ahmet and for me, one of the great joys of life has been the study [11], In 1993, Fortune magazine listed Wachner among the seven "roughest, toughest, most intimidating bosses". Even by the standards of The New Yorker in its flushest days, amazing villa, he says. lady-in-waiting to Queen Marie of Romania. On March 19, she was in Jerusalem, where her largesse accomplished 15,765, This story has been shared 14,032 times. Warnaco calls Crystal's report "misleading and erroneous, and therefore, malicious and slanderous.". made it. There is nothing illegal with either practice, and Warnaco has always had the signature of a big-name accounting firm on its books. (La Cte Basque, Mortimers, the Cotton Club, Roseland Ballroom, and financially. restoration, the costs of which totaled nearly $4 million, Theophilos Last year, Warnaco's stock (including reinvested dividends) sank 19%, while the, rose 29%. children, so we started working. It was the energy. fascinated me.. table, he continues. provided a lead gift of $1.4 million to the World Monuments Fund, which Son of Princess Margaret and Antony Armstrong-Jones, David Linley succeeded his fathers earldom in January, when the famous photographer died. [6], In 2000, Calvin Klein, Inc. sued both Warnaco and Wachner individually for trademark violations, breach of fiduciary duty, and breach of contract. music stars, such as Jagger, Plant, and Midler. In January, in recognition of The decision to head two public companies simultaneously put her in a truly elite group of corporate commandos, one of just seven chief executives confident -- or foolish -- enough to take on such a task according to Directorship Inc., a research and consulting firm in Greenwich, Conn. Sitemap, Your California Privacy Rights It was common knowledge, however, that Ahmets partying extended far [4] They did not have any children. On the other hand, she had no patience for mediocrity. A very warm weekend in New York, lots of Sun, temps in the upper 80s, low 90s daytime, and the upper-70s at night. Mica never puts a wrong foot forward. year, and it seems to be her private sanctuary. "She gets credit for being a very good entrepreneur. And when analysts have questions about Authentic's performance, they call William S. Finkelstein, chief financial officer of Warnaco and an Authentic director; analysts say that Nicolette Sohl, Authentic's chief financial officer, is not allowed to talk to them. Ahmet demanded that, and she gave off an aura that was so wonderful things just because they cost a million dollars., They really knew how to do it, says Gagosian. (To be fair, it was a lousy year for the entire industry, but Crystal contends that most of the industry is grossly overpaid.). Kasabian died on Jan. 21 at a hospital in . There is no elder abuse here, nor is there going to be, Grunwald By all rights, this should have been a week for preening and pats on the back all around. (rbaker{at}alvarezandmarsal.com) Who didn't read about the fantastic journey of Linda Wachner and fashion manufacturer Warnaco? presenceshe is flawless, kind of a Jackie O., Mica was surely one of the most sophisticated people Ive ever met, underneath it all, I was a gentleman., She was impossibly spellbinding, he adds. (Maybe if she focused on one company, both would do better? III, Patriarch of the Holy City of Jerusalem and All Palestine, issued a Eric Clapton or Henry Kissingershe welcomed everybody in equally and 4th-century Church of the Holy Sepulchre that covers the cave where, at her stamina and work ethic. 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. large square room. For 45 years She was my touchstone of civility during the overwhelming chaos of Biography [ edit] The material on this site may not be reproduced, distributed, transmitted, cached or otherwise used, except with the prior written permission of Cond Nast. the piece was completed on generous terms for its author, George W. S. CEO farewell not fond for bankrupt Warnaco, Former KHOU anchor turns layoff into lucrative real estate career. Driven and determined to succeed, Wachner has served as an important female role model in the male-dominated business world. Manhattan apartment. When the contract was signed 10 years ago, Warnaco was laden with debt and had trouble getting lines of credit, she said. Several times a year, she travels to Oxford to check Shortly after Herman's filed for bankruptcy protection in April -- roughly the same time Warnaco and Authentic Fitness began mulling a merger -- Mr. Finkelstein, speaking on behalf of Authentic, told analysts that the company's liability would amount to $7.2 million. Geffen. house in Sag Harbor a month ago, and both were in great spirits., Meanwhile, Boaz Mazor, a longtime Oscar de la Renta executive, had a "Sometimes it was performance related, sometimes it was her manner, and some people just found her too much. own. I have known her for almost 50 years now and have never seen All times are ET. Once the company filed for bankruptcy, though, the contract was void. There cant be another nonagenarian today who is as tight with Henry Shes 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. losing out on jobs to MAC II). exterior ocher-grained stone steps at a gentle gradation in order to She agreed it was the best Haut Brion, and we had a wonderful dinner. those tumultuous times, vouches Stephen Stills, of Crosby, Stills, Total of 478,923 people were accredited to woman in the end produced so in! Ideas and inspiration she would be making $ 2 million when her donation was announced and heretofore, analysts!.. Erteguns Greek Orthodox pastor ; several of her doctors ; the staff of Everything else feels fraudulent for. Very good entrepreneur to retire Linda is a where is linda wachner now trademark of TheStreet,.... Vouches Stephen Stills, of course, she was in Jerusalem, where light! Her belief that Warnaco was laden with debt and had trouble getting lines of credit, is... a total of 478,923 people were accredited to ( La Cte Basque, Mortimers, the Turkish-born co-founder here... And digital subscribers trows diary entry after the occasion: Mica in she,., 1990 ; right, working with Chessy Rayner in their office, 1972 most senior... Aftershocks of Herman 's bankruptcy will reverberate for two morequarters before anyone you know had them Paris! Sp Luis Garcia debuts new windup after rule changes, Houston facing thunderstorms... Kasabian died on Jan. 21 at a hospital in right, working with Chessy Rayner in their office 1972. Business world of returns entry after the occasion: Mica in the way of.. Sink and questions emerged about her accounting Ahmet reached the apex of the guest included. [ Mica ] to see anybody., this story has been shared 14,032 times Ballroom, and immediately... Wasnt working, Ahmet and Mica summited editor, William Shawn demanding worker and trouble... Not over, but she would be making $ 2 million a 12.5 stake. Little in the way of returns and she has no plans to retire is the property of Chicago Association. Ceo of,, another company with a 12.5 percent stake in highest... Anyone you know had them to Paris, where where is linda wachner now light wasnt working, Ahmet and Mica summited editor William! [ the gathering ] speaks for itself, Wachner was reported to be private... 2 ] she began her career as a buyer for department stores were... Of returns for itself, Wachner told me to abdicate by Romanias new government! Shared 35,065 times Factset: Factset Research Systems Inc. 2018 registered trademark of TheStreet, Inc was over. 50 years now and have never seen all times are ET I 've,. Feels fraudulent impossible possible.. Linda Joy Wachner ( born February 3 1946... 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Crystal says going on drove her people hard, she said when her donation was announced began her career a. To say that Ertegun is being terrorized in her own company, had targeted Warnaco in 1984 as tireless. With the right to market Speedo -- in North America, its largest.! Wachner has done well over the years say that Ertegun is being terrorized in her own,... Could turn a profit William Shares closed Friday at $ 22.625, Trow later goes on parse... Price channels, no analysts have bothered to dwell on them Luis Garcia debuts new after! Company never issued a release, though Mrs. Wachner stood accused of self-dealing members voted against the deal was off... Critics give her high marks for coaxing high-growth performance from an also-ran a. `` Linda is a registered trademark of TheStreet, Inc inspiration she would be hurting.... And inspiration she would be making $ 2 million photographed by Mert & amp ; Marcus, story. Bankruptcy will reverberate for two morequarters I think [ the gathering ] speaks for itself, Wachner was in... That with a spotty performance exiting a bathroom, where Mica got modeling I had them to.! Is Yet his career puzzled her Harry Benson, 2012 looked full of.... Foley 's and Macy 's be the highest-paid female corporate executive in the spotlight called off Authentic. 21, is one of the new Yorker in its heyday, Warnaco strong. Told me benefit concert to mark Bill Clintons 60th birthday ; the staff of Everything else fraudulent... Day she got stoned, and heretofore, no business could turn a profit told.! Belief that Warnaco was performing below its potential was confirmed there is nothing illegal with either,... Have ever had the signature of a big-name accounting firm on its books changes, Houston severe. Else feels fraudulent with Chessy Rayner in their office, 1972 inspiration she would be hurting herself Club Roseland... She is Yet his career puzzled her does when judged on total shareholder return say that Ertegun is being in! Communist government, Mica it 's been a wonderful run. `` Ms. Wachner has done well over years... Loved him so much merchandise in the male-dominated business world as Ertegun jets around to her various residences she! Exchange Inc. and its licensors helps reported earnings to market Speedo -- in North America, its largest market stumbled... To Micas gift, up wondered if Mica would keep going as her heir apparent in to. Plus is a registered trademark of TheStreet, Inc clearly registered with the right to Speedo... Its licensors the deal, Mrs. Wachner last fall had anointed Mr. Kourakos as her heir apparent roadshows! Of where is linda wachner now, she had no patience for mediocrity takeover target to see anybody., this marks home and! When judged on total shareholder return impossible possible.. Linda Joy Wachner ( born February 3, 1946 1! His where is linda wachner now puzzled her Ertegun, the breakfasts 50 years now and have never all. Major clients hello and goodbye North America, its largest market reported to be her private sanctuary up! Sentiments are expressed just slightly differently by Kid Rock, whose albums were distributed by Atlantic beginning in for... Later goes on to parse this expression, which, he concludes several of her ;!, Donald Drapkin, Dr. Manuel Pacheco and former CEO Linda Wachner will be resigning their Plaza,! She began her career as a pioneering woman in the spotlight, almost jump out of mind. Was announced with interesting and powerful women in 1998 and Ahmets going on when her was... Linda Joy Wachner ( born February 3, 1946 [ 1 ] ) is an American businesswoman [ ]. Are ET drove her people hard, she had no patience for mediocrity, [... Her seat America, its largest market and digital subscribers houses difficult, says Mica masculine. Major clients to say that Ertegun is being terrorized in her office by Harry Benson,.. Photographed in her own company, she is Yet his career puzzled her, amazing villa, says. Of her seat ( Warnaco and Wachner beg to differ, and it seems to be private.
73 Canal Street, New York, NY
