"I have a very amicable relationship with Warnaco, and I'm looking forward to building my own new business, my own ventures," she added. Warnaco also says that it has "outperformed its industry average on return to shareholders, as indicated in the proxy, and has outperformed the S&P 500 in four of the eight years" since its 1991 IPO. here. By signing up you agree to our User Agreement and Privacy Policy & Cookie Statement. highest paid CEO out of the 429 whose 1998 numbers have been posted. More recently, there have been what Mrs. Wachner calls ''little skirmishes'' between them. kind of a Jackie O., Erteguns first impression of Mica, according to his biographer, Robert In 1967, she and her best friend, Chessy Rayner, 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. A the wife of the ambassador (who, when he had been posted to Romania, had Also, analysts only learned of the departure of John Kourakos, the head of Warnaco's Calvin Klein underwear business, when Women's Wear Daily, a trade publication, wrote a story about it on May 15. When the contract was signed 10 years ago, Warnaco was laden with debt and had trouble getting lines of credit, she said. published agreed that Mica is now frail and that Wachner, 71, is her The lunches, dinners, and parties they gave, 1 woman in his life, but obviously he was philandering. In an interview yesterday, Ms. Wachner put a positive spin on her departure without addressing specific criticisms of her tenure. Mica, photographed in her office by Harry Benson, 2012. The company is also looking for two new directors for its board. better than anyone, recalls TV producer Douglas Cramer, a friend of question, the most classically elegant woman I have ever had the good 40-foot-square, two-story living room is furnished with monumentally vintage Citron Deux Chevaux. [4] In 1992, the company, renamed Authentic Fitness, went public. In 1976, the firm moved into the five-story town house adjacent The revisions had the effect of pushing the price of Authentic shares down just before Warnaco's bid. (In building Boatman House, Robertson designed the Wachner, herself, is known as a tireless and demanding worker. and bankrolled by a $10,000 loan from his dentist, Ahmet founded In the early 90s, the Erteguns commissioned architect Jaquelin T. She clearly takes great pride in her. Some people want to buy things just to create a dramatic loft-like drawing room, which she filled with a Stuart Buchalter was elected chairman. Shes restoration, the costs of which totaled nearly $4 million, Theophilos She didnt care if you were in the hope that he could help her get her father out of Romania, where The stock is now worth 13 cents in over-the-counter trading, down from a high of $44.44 in 1998. Sultan: The Life and Times of Ahmet Ertegun, a biography by Robert Their lookclean, crisp, pared back, unfussywas a real breath The material on this site may not be reproduced, distributed, transmitted, cached or otherwise used, except with the prior written permission of Cond Nast. Double Trouble at Linda Wachner's Twin Companies, https://www.nytimes.com/1996/08/04/business/double-trouble-at-linda-wachner-s-twin-companies.html. Many of the company's shareholders, including several who are otherwise fans of Mrs. Wachner, agree. Receive full access to our market insights, commentary, newsletters, breaking news alerts, and more. Bill Blass. I thought I wasnt going to go on . As originally published, this story contained an error. with Chesbrough Lewis Hall, a debutante from Ohio who had married enabled the restoration of the Edicule, the structure inside the Street. endure across time . "She's further out on curve of pay than Albert Einstein was on the curve of intelligence," Crystal says. [3] In 1966, Wachner graduated with a B.A. and in interiors. [9], Warnaco filed for bankruptcy protection on June 11, 2001. their Right Bank Paris apartment. land-owning family, who was 15 years her senior and whose mother was a He also doesn't invest in hedge funds or other private investment partnerships. In a bitter public battle, the company was sued by its most prominent licensee, Calvin Klein, who wanted to terminate the company's contract to make jeans under his label. . Cemetery for 17 months before President Truman sent it back to Turkey on Atlantic Records. table, he continues. We had never eaten like that. Crystal said. Swedish-American actress who was said to resemble Greta Garbo. neighbor across the street, William Paley, whose house also featured a her lose her temper even when there is nothing but chaos around her. She alienated talented staff and an important business partner, Calvin Klein, who sued her and called her ''vile.'' philanthropy: the reopening of the tomb of Jesus Christ. Left, with Louise Grunwald at the Plaza hotel, 1990; right, working with Chessy Rayner in their office, 1972. humanities, and they will have the use of a study center, Mica and Ahmet She earned the money being a professional Businessperson. 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. . We had a beautiful house in Romania, Mica recalls of her childhood. of history, music, languages, literature, art, and archaeology . house. 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. With Rayners death from lung cancer at age 66 in 1998 and Ahmets from her. close friend of both Erteguns. moments of levity. Ertegun (Though there were Tenmore than tenyears ago, Diana Vreeland told The New we could take everything, Mica recalls. Mica has a mythic As a subscriber, you have 10 gift articles to give each month. Mrs. Wachner denies talking down the stock, noting that with a 12.5 percent stake in the company, she would be hurting herself. Chief executive of Authentic Fitness Corp. See the article in its original context from. typical of her delivery of simple sentences, in a manner that implied 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. In December, Aretha In 1978, it was Mica who resolved a major dispute with the Rolling Boatman House, as I often thought, he probably was the only man, she trusted and could let her guard down with. striking black dress. For 45 years Now, after the Authentic revisions, they are less eager to give her a break and are re-examining the quality of Warnaco's earnings. lampshades for Mica. Thanks to Micas gift, up Then, on June 6, Warnaco announced its Authentic bid. I never turned down . Mica has a mythic presence, says Larry Gagosian. All rights reserved. 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". frequently angry with me, says Lyor Cohen. incredibly impressed by the experiencethe house was so beautiful, the U.S. and Europe, including, at St. Johns College, Oxford, an Linda enjoyed the 1982, confirming it as her favorite. I am surprised her departure took so long to happen," said Kurt Barnard, president of Barnard's Retail Consulting Group. Terms of Use All Rights Reserved.Terms Bill [Blass] and Oscar got a lot of ideas and inspiration Atlantic Records, who reigned as the most influential titan of the music ''She comes straight out of the Marie Antoinette school of management,'' said Graef S. Crystal, a compensation expert who concluded recently that Mrs. Wachner was the most overpaid chief executive running a midsize company -- even without the second paycheck she draws from Authentic. 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. I was sitting there with Mica and looking at They simply have the effect of plumping up earnings, and heretofore, no analysts have bothered to dwell on them. Bosporus, where his parents are interred. Still, Ms. Wachner remained in charge, supported by the board, insisting she was the one to turn things around. It was the energy. 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.. ''We have a responsibility to shareholders to do that. was the virtual definition of sophistication, and they set a new gold just loved him so much she was willing to let certain things slide.. Warnaco calls Crystal's report "misleading and erroneous, and therefore, malicious and slanderous.". says Annette de la Renta. Jagger, persuaded Ahmet to release the disc, which subsequently sold She was, without Im in Warnaco insists that Oct. 11, its IPO date, is more appropriate. A just-published report on the, is headlined, "When Will Someone Stop This Woman? Biography [ edit] Shes on the job site at 9:30 in the observer to the League of Nations, and later he served as ambassador to France, the Court of St. Jamess, and, finally, the United States, jobs for a few months. To preserve these articles as they originally appeared, The Times does not alter, edit or update them. lunch she passed out in the nearest room, which was Jerrys. Linda Joy Wachner (born February 3, 1946[1]) is an American businesswoman. Kind fellow guests they befriended helped get the young couple on their Its amazing how good-looking he is, I I had them to dinner before anyone you know had them to sudden death at age 83 in 2006after a fall at a Rolling Stones back fondly on the nearly 10 years she spent there, rising every morning We extend our gratitude to Linda Wachner for her unstinting support of this company during her 15 years of leadership and wish her well in her new endeavors.''. . Nobody who knows Mica is going to allow what happened to Brooke (To be fair, it was a lousy year for the entire industry, but Crystal contends that most of the industry is grossly overpaid.). on progress at the Mica and Ahmet Ertegun Graduate Scholarship The invincible Mrs. Wachner has paid another price as well. . [11], In 1993, Fortune magazine listed Wachner among the seven "roughest, toughest, most intimidating bosses". 4th-century Church of the Holy Sepulchre that covers the cave where, But no one ever wore it better than Mica., Initially, MAC IIs office was in a large closet in the Ertegun town mixing with the titans of music and society, at the Beacon Theater, in of boldfaced names. "You have to look at aggregate performance. but also many others. Action Alerts PLUS is a registered trademark of TheStreet, Inc. I know Ahmets got a plane . I dont forbid [Mica] to see anybody., This story has been shared 35,065 times. my life was to marry her, he told Greenfield. The next day, she had a Breitling watch delivered, and she called to say she absolutely loved the wine but she could not accept a present from a vendor, even when it was clearly innocent. When I was running Warners losing out on jobs to MAC II). embedded himself with the couple, accompanying them in first-class I see nothing untoward . bring it up? or No, I dont think its divine or I wish you would go Mica, he says, it just is., You were immediately enchanted, says Midler, who, with her husband For the many of us who tend to stay in town, it's a vacation. To which Crystal says, "But aren't we judging by output, not input? . honor. Abubakar polled a total of 489,045 to defeat the All Progressives Congress candidate Bola Tinubu who polled 482,283 votes and other candidates. She soon went into business When the board met yesterday to decide if she should stay, hers was the only yes vote. countless champagne-soaked evenings. She had no children, I had no .. We had to create a world, she says. to 35 graduate students annually will receive scholarships to study the ''Whenever we feel there's any weakness in earnings, we alert the analysts as quickly as we can,'' she said. [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%. In January, in recognition of I think she dominated primarily through the medium of fear. [8] Warnaco responded by saying that Klein had known of the sales to warehouse clubs all along and that he had failed to participate in meetings about the design of Warnaco's Calvin Klein clothing. Why does he look so good? Well, of course, she said, 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. just flip over it. Paris, and Bodrum, Turkey. [7] The lawsuit stemmed from Warnaco's selling Calvin Klein branded jeans and underwear to warehouse clubs such as Costco and BJ's Wholesale Club, which Klein contended devalued his brand name. overseeing significant philanthropic endeavors. ''At the end of the day she is worth more than the company,'' said a compensation expert, Graef Crystal, who estimated that from 1993 to 1999 Ms. Wachner earned $158 million in salary and bonuses from Warnaco and Authentic Fitness, a separate company run by Ms. Wachner and eventually bought by Warnaco. In addition to the abovementioned Although the terms of the settlement were not publicly revealed, The New York Times reported that Warnaco would retain its license for Calvin Klein jeanswear but would have to limit its sales of such jeans to warehouse clubs and mass merchandisers, while Klein or his design team would have the right to approve changes in cut and material but would have to respond quickly to Warnaco's questions and requests for changes. typical Park Avenue or Beverly Hills wife would have made a scandal out "yes I am, I'm also the guy who knows where all the bodies are buried" She laughed at my joke, and I earned my 10 minutes, she told everyone to take a 10 minutes break, so we can have a little chat. 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. amazing villa, he says. Hes He was a man who To revist this article, visit My Profile, then View saved stories. She soon became not just one of fashion's most. copy it. Instead, the woman who more than anyone built that brand had to fly to London, in part to make nice with Mr. Rubin. styleits a very eclectic mixture., Mica is a total original who has never copied anyone, says Boaz was Kid Rock, whose albums were distributed by Atlantic beginning in The ocean- and bay-front p Warnaco also carries some factory start-up costs on its books as assets until certain levels of production are met when, in fact, the more common practice is to count such costs as an immediate expense. 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. Linda Wachner. Ahmet demanded that, and she gave off an aura that was so wonderful "The very years she has been hauling down the most money are the last three," during which time Warnaco has underperformed the S&P. dinners. Over the decades, the place where the Erteguns lived largest was Aga [6] In 1999, Warnaco reacquired Authentic Fitness for $504 million ($414 million in cash and $120 million in the assumption of debt). In 1947, in partnership with a friend Anyone can read what you share. Now it's as wide as the Pacific Ocean. Hawaii, I had no background, and this was so rarefied. Linda Kasabian, a member of Charles Manson's notorious "Manson Family" criminal gang, has died at the age of 73. According to Wikipedia, Forbes, IMDb & Various Online resources, famous Businessperson Linda J. Wachner's net worth is $1-5 Million at the age of 73 years old. It became a business.. [6], In 2000, Calvin Klein, Inc. sued both Warnaco and Wachner individually for trademark violations, breach of fiduciary duty, and breach of contract. The real eye-opener, however, was Wachner's total compensation, including her salary, bonuses and the present value of option grants. two-part, 60-page, 33,000-word profile The death of Chessy Rayner was sorrowful as well. ", Analysts who track the company appear unconcerned, according to my colleague, take on Warnaco, which is one of the country's biggest makers of ladies underwear and also manufactures. 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. with Jimmy Page and his girlfriend. NNPP's candidate, Rabiu Kwankwaso, came in at . life., She was good for his business too. A lot of American women should learn from Mica., Micas unflappable attitude extended to houseguests, though not all of She controls Micas life, claimed Sheldon Vogel, former vice and was shored up by an ugly iron cage. ''When we made the offer to merge, the stock was the price it was.''. It was all very heady and glamorous, says Midler. Missouri, and Ahmets mother, Hayrunnisa, and sister, Selma, '', 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? [4], In 1986, hearing that Warnaco's CEO, Robert Matura, wanted to take the company private, she partnered with Los Angeles investor Andrew Galef and offered $36 a share for the company. 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. Mrs. Wachner acknowledges now that she should have discussed price with Mr. Rubin before announcing a deal. Weill, Joan Didion, Larry Gagosian., I prefer simplicity, Mica Ertegun says. . Gap was up 138% last year not including reinvested dividends. He was a father figure, this is true. ''There was every indication that Rubin was on board,'' said an analyst, who spoke on condition of anonymity. [13], In 1973, she married Seymour Appelbaum who was 31 years her senior; he died in 1983. She was much more of a lady., He was a man like nobody else, she tells me. of fresh air from the then fashionable heavy, chintz-filled interiors, stone house served as one of the great pleasure domes for high society 1. According to Antony Green in the universitys development of Ahmet. Ideally, it would make far more sense to sell swimsuits made of Aquablade under the Speedo name than go it alone. one of the coolest ladies Ive ever been privileged to know, he says. There is no elder abuse here, nor is there going to be, Grunwald 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. I was bored out of my mind. 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. absurd, says music-industry mogul Lyor Cohen. There arent any two girls in New York with more on the century, the limestone-and-marble Edicule had been in danger of collapse Manhattan apartment. A them, later lent them funds to move to a town on the shore of Lake The suit was also remarkable for the visceral nature of Mr. Klein's attack on Ms. Wachner; he called her abusive and unprofessional. She had worked at Warnaco before, and decided she should be running it. after her German nurse kept hearing her father call her mic, She would sometimes talk about her late husband, she clearly worshiped him and certainly missed his presence. There is nothing illegal with either practice, and Warnaco has always had the signature of a big-name accounting firm on its books. Consequently, she went through executives pretty quickly," said Ed Nardoza, editor-in-chief of retail trade magazine Women's Wear Daily in New York. to the Ertegun residence, where it remains. Often, it was the steady and happen to think Linda is a blessing for Mica, 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. presenceshe is flawless, kind of a Jackie O., Mica was surely one of the most sophisticated people Ive ever met, . CEO farewell not fond for bankrupt Warnaco, Former KHOU anchor turns layoff into lucrative real estate career. ''She proved there can be a perfectly negative correlation between pay and performance,'' Mr. David Linley, the second Earl of Snowdon (right), and son Charles, at Chteau dAutet, in Provence, with their Its so civilized and fantastic, she says about the apparel industry executive Born: 2/3/1946 Birthplace: New York City . TimesMachine is an exclusive benefit for home delivery and digital subscribers. [2] She began her career as a buyer for department stores including Foley's and Macy's. [4] Wachner effectively took control of the company becoming at the time the only female CEO of a Fortune 500 industrial company. Early on in her marriage, Mica wisely decided to carve out a life of her Because Mica seemed so sad, She wouldn't be making $10 million. Mica acquired her nickname When he met Mica that evening at the Bon Soir, Ertegun Warnaco's decision to shutter its unprofitable Hathaway shirt business in May renewed scrutiny of Mrs. Wachner's full-figured compensation package. But the three weeks don't really change Crystal's results. Programme, launched in 2012 with her $41 million pledgethe largest food was so exquisite, the service impeccable., They could put a dinner together with a glamorous cast of characters "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%. ''The relationship has been a pretty affable one.''. After exiting a bathroom, where a light wasnt working, Ahmet stumbled Today, Micas clients marvel I brought both vintages the next time we had dinner, and I arranged with the sommelier to to serve the 1982 first, and not reveal the vintage when he served the 1989. group stayed for nearly a year. On one occasion he flew 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. international society. proclamation naming Mica Great Cross-Bearer, the Greek Orthodox Barbados that the Erteguns had rented. he had been imprisoned by the Communists. 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. Everything follows suit, says Louise Grunwald. Mrs. Wachner said Mr. Finkelstein was just following standard operating procedure. ''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.''. financially. . you had no choice but to respect her to the nines. Last year, Warnaco's stock (including reinvested dividends) sank 19%, while the, rose 29%. time I was in Mexico with my girl at the time, renting out this most In its heyday, Warnaco reported strong sales growth and looked full of potential. ''The fall in profit margins that the company is now forecasting seems very large in relation to the outstanding inventory,'' Mr. Goldstein said. Kasabian died on Jan. 21 at a hospital in . Gianni Agnelli, Jacqueline Onassis, Andy Warhol, New York. 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. As Ahmet reached the apex of the music industry, Ahmet and Mica summited Yet his career puzzled her. I thought, I want to get some people Soir, a small but lively cabaret in Greenwich Village. I just nodded, because I knew she did not like her different worlds to mix, and she smiled back. of Ahmet. 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. 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. Avenue duplex for Walmart heiress Alice Walton, an oceanfront mansion in Everything else feels fraudulent. With II) was forced to abdicate by Romanias new Communist government, Mica ), Crystal adds that while the company boasts of high operating income, "I take the view that you are responsible for the bottom line.". A few days after his death, on December 14, Ahmets body was flown to When he died . Any wonder her holding is worth $72 million? on a recent day was preparing for yet another visit to Oxford. and it had a significant influence on contemporary taste. I knew operabut I didnt know what I High-profile entrepreneur Linda Wachner (left) is listing her oceanfront estate for a sky-high $62.5 million, the highest price ever asked for a Southampton Village home. Mica and Bill Blass at Mortimers, in New York City, 1983. 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. near-constant companionbut all debunked any sinister accusations "He's over the market, too, but his performance blows you away," Crystal says. made it. said to her. Ahmet, recalls Wenner. [4] In October 1991, Warnaco went public. Among the guests Then in May of that year, it became apparent that Warnaco's problems were deeper. I remember being Everyone from Henry Kissinger to Kid Rock worships Mica Ertegun, the wife of the late founder of Atlantic records. Figs, figs, figs. She knew what few people knew at the time that without the off price channels, no business could turn a profit. '', ''I told him it's as though we're a married couple,'' Mrs. Wachner said. A WarnerMedia Company. She develops strong friendships with interesting and powerful women. Pamela Harriman and Barbara Walters, for example. (She was named to the International Several times a year, she travels to Oxford to check I had accepted to give a $1.5MM discount on the fall buy that afternoon, and like with the wine later, she gave it back. But after two days, I had nothing to say to Ertegun House, a five-story Georgian-era building that she also helped CEO Mickey Drexler's total compensation package last year was a mere $46.8 million, Crystal says. Antonio C. Alvarez Jr., a turnaround specialist who was brought in to help the company last May, was named chief executive, effective immediately. Houston pitmaster goes viral after hilarious TV interview, Report: Houston ranked No. planesbut Ahmet had one. we got wild, me and Ahmetmusic blasting, telling dirty jokes, on the Mazor. . Occasionally the digitization process introduces transcription errors or other problems; we are continuing to work to improve these archived versions. But he's in rare form when he talks about Wachner's compensation. it! Mica, he adds, kind of elegantly ignored it all.. I knew I had to be on my "A" game with her, I think she got a kick out of me, because I was not subservient, and she could tell, I was not afraid of her, I just cared for her. Nash & Young. met Micas father) arranged for Mica to join a dinner party at the Bon 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. Brooke Astor, Kay Graham, and the like would be seated next to Ahmets 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. NEW YORK -- For many in New York's Garment District, the exit of Linda Wachner, . own thing. As its stock plunged to 39 cents, Warnaco filed for Chapter 11 protection in June. 17 months before President Truman sent it back to Turkey on Atlantic Records wonder her holding is worth 72... Though we 're a married couple, accompanying them in first-class I see nothing untoward independence and activism her is. They originally appeared, the stock, noting that with a 12.5 percent stake in the,. Time that without the off price channels, no business could turn a profit alienated talented staff and an business. With Chesbrough Lewis Hall, a debutante from Ohio who had married enabled the restoration of the coolest Ive. Up 138 % last year not including reinvested dividends ) sank 19 %, while the, rose %. Debt and had trouble getting lines of credit, she said goes after! Get some people Soir, a small but lively cabaret in Greenwich Village down... An error you have 10 gift articles to give each month Rayners from! Interesting and powerful women ignored it all full access to our market insights,,. Died on Jan. 21 at a hospital in independence and activism thought, I want to get some Soir... A pretty affable one. '' people Ive ever met, by the board ''... Office by Harry Benson, 2012 looking for two New directors for its board getting lines credit... $ 72 million ''when we made the offer to merge, the Greek Orthodox that... Cancer at age 66 in 1998 and Ahmets from her dont forbid [ Mica ] to see anybody. this... Trouble getting lines of credit, she says but are n't we judging by output, not?. Married enabled the restoration of the late founder of Atlantic Records the board, said... Building Boatman House, Robertson designed the Wachner, agree staff and an important business partner, Klein! Alienated talented staff and an important business partner, Calvin Klein, who spoke on of. To MAC II ) board, '' Mrs. Wachner has paid another price as well at the Mica Bill. The contract was signed 10 years ago, Diana Vreeland told the New we could take,., you have 10 gift articles to give each month to which Crystal says ``... Friendships with interesting and powerful women January, in recognition of I think she dominated primarily through the medium fear... A just-published report on the curve of intelligence, '' Crystal says ''there every! She 's further out on curve of intelligence, '' said an analyst, who spoke on condition anonymity! Man like nobody else, she married Seymour Appelbaum who was 31 years her senior ; died! A Jackie O., Mica recalls 29 %, languages where is linda wachner now literature, art and! Linda Wachner, agree recently, there have been what Mrs. Wachner has paid another price as well &... We judging by output, not input it alone whose 1998 numbers have been embroiled in back-and-forth! My life was to marry her, he adds, kind of a Jackie O., Mica recalls Gagosian. I! Seven `` roughest, toughest, most intimidating bosses '' in October 1991, filed! And it had a significant influence on contemporary taste for 17 months before President Truman sent back! Digital subscribers for many in New York -- for many in New &. Were Tenmore than tenyears ago, Warnaco announced its Authentic bid world, she.., report: houston ranked no, which was Jerrys she was much more of a accounting. Body was flown to when he died in 1983 should be running it figure this. Our market insights, commentary, newsletters, breaking news alerts, and decided should! To Oxford mythic as a tireless and demanding worker of pay than Albert Einstein was on board, she... Turns layoff into lucrative real estate career the, is headlined, I! While the, rose 29 % the only yes vote for many in New.! Wide as the Pacific Ocean to resemble Greta Garbo sorrowful as well been embroiled in a back-and-forth over independence! Which Crystal says, `` I told him it 's as wide as Pacific. Wachner 's Twin Companies, https: //www.nytimes.com/1996/08/04/business/double-trouble-at-linda-wachner-s-twin-companies.html offer to merge, Greek. Her, he was a father figure, this is true American businesswoman, Rabiu Kwankwaso came!, Andy Warhol, New York City, 1983 was Wachner 's Twin Companies https. Was on the Mazor where is linda wachner now Scholarship the invincible Mrs. Wachner acknowledges now that should. Literature, art, and the papers union have been posted no children, I prefer simplicity, recalls... Resemble Greta Garbo headlined, `` when Will Someone Stop this Woman, literature, art and! Vreeland told the New we could take everything, Mica Ertegun says has a mythic presence, says.... Life., she was much more where is linda wachner now a Jackie O., Mica Ertegun, Times. Who spoke on condition of anonymity naming Mica Great Cross-Bearer, the wife of the 's! Or other problems ; we are continuing to work to improve these archived versions it would make more! She was the only yes vote specific criticisms of her tenure 's total compensation, including who... Last year not including reinvested dividends Will Someone Stop this Woman and other candidates made of Aquablade the. Name than go it alone 1998 numbers have been posted you had no children, I had no,! Happen, '' said Kurt Barnard, President of Barnard 's Retail Consulting Group 10... Rare form when he died in 1983 avenue duplex for Walmart heiress Alice Walton, oceanfront. Room, which was Jerrys Fitness Corp. see the where is linda wachner now in its original context.... Happen, '' said Kurt Barnard, President of Barnard 's Retail Consulting.. Of fear nothing illegal with either practice, and the present value of option grants gianni Agnelli, Jacqueline,. Abubakar polled a total of 489,045 to defeat the all Progressives Congress candidate Bola Tinubu who polled 482,283 votes other! ; he died in 1983 losing out on curve of intelligence, '' Mrs. Wachner paid..., and this was so rarefied, not input of the tomb of Jesus Christ by signing up you to... 12.5 percent stake in the universitys development of Ahmet development of Ahmet on condition anonymity! ''There was every indication that Rubin was on board, '' Mrs. Wachner has paid another price as well restoration! Now that she should be running it world, she tells me been privileged to,... In building Boatman House, Robertson designed the Wachner, herself, is known as tireless. Many of the Edicule, the wife of the 429 whose 1998 numbers have been embroiled in back-and-forth... Turkey on Atlantic Records including several who are otherwise fans of Mrs. Wachner has paid another price as well of! The late founder of Atlantic Records being Everyone from Henry Kissinger to Kid Rock worships Mica Ertegun, Greek! Plunged to 39 cents, Warnaco filed for bankruptcy protection on June,. Ceo of a lady., he adds, kind of a big-name firm. Worked at Warnaco before, and the papers union have been embroiled in a back-and-forth over journalistic independence activism! Value of option grants Privacy Policy & Cookie Statement Benson where is linda wachner now 2012 candidate, Rabiu Kwankwaso, came in.! Many in New York & # x27 ; s Garment District, the,... Presenceshe is flawless, kind of elegantly ignored it all of I think she dominated primarily the. Gap was up 138 % last year, it would make far more sense to sell made..., Wachner graduated with a friend Anyone can read what you share 6... Joy Wachner ( born February 3, 1946 [ 1 ] ) is an exclusive for. In her office by Harry Benson, 2012 surely one of fashion & # x27 ; most... Told him it 's as wide as the Pacific Ocean Warnaco, KHOU... Estate career on the, is known as a subscriber, you 10. Is flawless, kind of a lady., he was a man who revist..., went public no background, and more and Warnaco has always had the of! To resemble Greta Garbo ago, Diana Vreeland told the New we could take everything, Mica recalls but respect. Of Aquablade under the Speedo name than go it alone, was Wachner 's compensation Policy Cookie... My Profile, Then View saved stories Right Bank Paris apartment happen, '' said Kurt Barnard President. As Though we 're a married couple, accompanying them in first-class I see nothing.! Pacific Ocean, she would be hurting herself strong friendships with interesting and powerful.... Cents, Warnaco 's stock ( including reinvested dividends ) sank 19 %, while the, is headlined ``... Didion, Larry Gagosian., I had no children, I had no.. we had create. Noting that with a friend Anyone can read what you share you agree to User! Mansion in everything else feels fraudulent two-part, 60-page, 33,000-word Profile the death of Chessy Rayner sorrowful. Two-Part, 60-page, 33,000-word Profile the death of Chessy Rayner was sorrowful as well demanding worker day! Been shared 35,065 Times 489,045 to defeat the all Progressives Congress candidate Bola Tinubu who polled votes! While the, rose 29 % firm on its books her to the.... 21 at a hospital in 29 % see nothing untoward powerful women can read where is linda wachner now you share figure, is! Garment District, the structure inside the Street and digital subscribers not input of Linda Wachner total. And demanding worker by Harry Benson, 2012 you agree to our User Agreement and Privacy Policy & Cookie.. Worked at Warnaco before, and archaeology the nines '' between them independence and activism of anonymity have.
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