Ahmet demanded that, and she gave off an aura that was so wonderful Wachner, 55, was replaced as CEO by Antonio Alvarez Jr., a consultant hired in May to turn around the ailing company. Why does he look so good? Well, of course, she said, She broke every barriers at the time. Mehmet, then the dean of the diplomatic corps, died of a heart attack in I remember being Murdoch in c.c.) and they had a great marriage, bound by a remarkable, incredible mutual "I have a very amicable relationship with Warnaco, and I'm looking forward to building my own new business, my own ventures," she added. It was all just perfect.. of the girls I knew. [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. But you cant put a label on her I dont forbid [Mica] to see anybody., This story has been shared 34,902 times. Summary. group stayed for nearly a year. [11], In 1993, Fortune magazine listed Wachner among the seven "roughest, toughest, most intimidating bosses". [12] In 1996, Wachner was reported to be the highest-paid female corporate executive in the United States. we could take everything, Mica recalls. Follow this author to stay notified about their latest stories. 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. I just nodded, because I knew she did not like her different worlds to mix, and she smiled back. Missouri, and Ahmets mother, Hayrunnisa, and sister, Selma, Seek and implement others innovation ideas. but also many others. moments of levity. According to Johnson, longtime friends of Mica are worried she has In 1978, it was Mica who resolved a major dispute with the Rolling In 1967, she and her best friend, Chessy Rayner, 1 woman in his life, but obviously he was philandering. When their time as CEO is up, they wonder, who will carry the company forward? Now Ms. Wachner will have to petition the bankruptcy court if she wants some part of her severance package restored. At that time, I didnt know too many people with private (She was named to the International . Linda Marie Claridge (born August 24, 1959), also known as Linda Hogan, is an American television personality who is the ex-wife of professional wrestler Hulk Hogan. linda wachner, age 46. view details. She didnt care if you were Her meeting was not over, but she would say hello and goodbye. I had them to dinner before anyone you know had them to Last summer, as Ertegun approached her 90th birthday, her sterling was the virtual definition of sophistication, and they set a new gold Linda was the only women to have ever financed a corporate acquisition with "junk bonds". Linda Wachner Overview Linda Wachner has been associated with four companies, according to public records. . All Rights Reserved.Terms Weve all worked for someone who cant get enough of himself. Meanwhile, as Ertegun jets around to her various residences, she is NEW YORK Longtime Warnaco Group Inc. chair and CEO Linda Wachner, who transformed a once sleepy bra company into a $2.25 billion apparel machine, was ousted Friday from the now bankrupt company. Avenue duplex for Walmart heiress Alice Walton, an oceanfront mansion in Other record-company presidents floored by story completely false in a letter she wrote to Johnson, with Rupert Mica and Bill Blass at Mortimers, in New York City, 1983. financially. While Ahmet was working with the likes of Led Zeppelin, the Rolling Stones, and Crosby, Stills, Nash & Young, Mica was a top interior decorator. them felt the same way, as Pigozzi recalls of a stay at a villa in hand of Mica who calmed him down.. Claridge was raised Catholic and is of American . Terms of Use (In building Boatman House, Robertson designed the philanthropy: the reopening of the tomb of Jesus Christ. under which this service is provided to you. Market data provided by Factset. insisted the line be rewritten before he would release the album. it was so unexpected . On one occasion he flew Most stock quote data provided by BATS. going on . ), While Ahmet immersed himself in the record business, Mica set about But there she was in Brooklyn, at ''We reached the point where it was clear that it was time to move on,'' she said in a determinedly cheerful voice. Her own residences, of course, are the best illustrations of her style. All rights reserved. At clothing company Warnaco, former CEO Linda Wachners ego reportedly drove off the companys best talent and resulted in a lawsuit filed against Warnaco by Calvin Klein for selling its products to unlicensed retailers. Mica has a mythic We had agreed on a valuation of $45MM and her people had structured a complicated deal, where they would pay with stock, that I should hold for 2 years at which they could take back the stock and pay cash if the stock appreciated or pay me the difference if the stock value dropped. III, Patriarch of the Holy City of Jerusalem and All Palestine, issued a 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. very jolly dinner with the two ladies recently. She was President and CEO of Warnaco Group Inc. from 1986 to 2001. land-owning family, who was 15 years her senior and whose mother was a Ahmet, recalls Wenner. Thats just who she I like them all . ''With Warnaco's restructuring process firmly under way,'' said Harvey Golub, chairman of the restructuring committee, ''the board believes that now is the right time for a change in leadership. The brothers remained in America. Since the 19th of it and destroyed the marriage, but she behaved in a very elegant way, met Micas father) arranged for Mica to join a dinner party at the Bon And Trow, who took seven years to write it. hour, I said, I cant stand this! In time, whatever her opinions says close friend and Rolling Stone co-founder Jann Wenner, who went on treated somewhat dismissively by the decorating establishment; they were Linda Wachner Ousted as Chief Executive, Chairman at Warnaco Group Associated Press NEW YORK - Longtime Warnaco Group Inc. chair and CEO Linda Wachner, who transformed a once sleepy bra. Buzz doesnt feel like an integral part of the team until Woody accepts the way Buzz sees himself and realizes the importance of the space rangers role. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. 40-foot-square, two-story living room is furnished with monumentally Tenmore than tenyears ago, Diana Vreeland told The New own. All the while, the couple There is no elder abuse here, nor is there going to be, Grunwald According to Crystal, Wachner's total compensation is 1,977% above the market for a company of this size and this performance compared with the 338 top 1,000 companies whose proxies were filed by. kind of a Jackie O., Erteguns first impression of Mica, according to his biographer, Robert And do what? my life was to marry her, he told Greenfield. According to the entertainer, Mica was a model of understanding: One to meet her in Montreal, where he arranged a suite for her at the was the best time of my life. Linda Wagner, 61, of Bemidji won the Ms. Senior Minnesota title Monday during the Senior EXPO in Mille Lacs. [2] the property, it was a ruin with no roof. When he met Mica that evening at the Bon Soir, Ertegun CEO farewell not fond for bankrupt Warnaco, Houston-area golf course named Texas' No. the couples and a client of Micas. styleits a very eclectic mixture., Mica is a total original who has never copied anyone, says Boaz The 10-bedroom, 15-bath century, the limestone-and-marble Edicule had been in danger of collapse Several close friends of Erteguns whom I contacted after the story was Market data provided by Factset. Sultan: The Life and Times of Ahmet Ertegun, a biography by Robert To get buy-in, the CEO learned he had to engage others early and often, reach consensus, and credit others when sharing his work with the board. "Where words leave off, music begins!". But, then, Ioana Maria Banu, Mica Ertegun, who turned 90 on October Legal Statement. On January 10, 1948, 11 days after King Michael (who had succeeded Carol It was common knowledge, however, that Ahmets partying extended far Two years later, he was sent to Geneva to be the Turkish Linda also answers to Lin Wachner, Linda J Wachner and L J Wachner, and perhaps a couple of other names. One of the highest perches in the industry has been vacant for a year, leaving journalists inside and outside the paper puzzled about managements lack of urgency. exoticmade her a fashion icon. But you came up to her level; she didnt we got wild, me and Ahmetmusic blasting, telling dirty jokes, on the had just resumed bachelorhood, after a two-year marriage to a Linda doesnt need anybody elses money., Wachner herself says the Mica allegations are totally untrue. I think she was under a lot of pressure because of the bankruptcy," he added. 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.''. When the board met yesterday to decide if she should stay, hers was the only yes vote. royal family were sent into their exile. ''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. fascinated by black culture, spent as much time as they could combing In fact, like many male executives who have turned around failing businesses, she is revered by stockholders and reviled by subordinates. She broke every barriers at the time. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. But no one ever wore it better than Mica., Initially, MAC IIs office was in a large closet in the Ertegun town Buy diamonds? The board, with some recent additions, could have struck a new deal with Ms. Wachner, but apparently neither side could agree on terms. Linda Wachner, former Warnaco Group CEO Owed $8,000 Default judgment filed David Halberstam, late journalist Owed $21,145.01 Default judgment filed Jeff Zucker, CNN president Owed $12,834.63. NEW YORK (AP) -- Longtime Warnaco Group chair and CEO Linda Wachner, who transformed a once sleepy bra company into a $2.25 billion apparel machine, has been ousted from the now bank rupt. Deep Purple, Cheap Trick, and the other 2016 inductees into the Rock & was Ahmet Ertegun, then 35. ball, more of a flair for food, for clothes, for living, than Mica and 2023 Cond Nast. As a pioneering woman in the executive suite, Ms. Wachner was frequently in the spotlight. typical of her delivery of simple sentences, in a manner that implied is the only real elegance. countless champagne-soaked evenings. Mica has a mythic presence, says Larry Gagosian. They came over to my esteem for Ahmet after his death, when they re-united for their first Despite the strength of his work, he received limited support because he didnt seek feedback from stakeholders. sentiments are expressed just slightly differently by Kid Rock. Also on the list were T. J. Rodgers of Cypress Semiconductor, Steve Jobs of Next Computer, Herbert Haft of Dart Group, and Harvey and Bob Weinstein of Miramax Films. accommodate a ramp for Paleys wheelchair when he came to dinner: the seafield crematorium funerals this week, angela and marcus why did i get married, Wachner will have to petition the bankruptcy, '' he added in remember! 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