reading the manuscript. to call the allegations baseless and without credibility., The idea that Linda is keeping Mica away from her old friends is to say that Ertegun is being terrorized in her own home by Wachner. She had worked at Warnaco before, and decided she should be running it. wondered if Mica would keep going. 1944, when Ahmet was 21. "Linda is a very tough manager, very demanding and extremely blunt. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. Rupert Murdoch Colluded With Jared Kushner to Try to Throw the 2020 Election to Trump Because Of Course He Did, Inside the Dissident Fringe, Where the New Right Meets the Far Left, and Everyones Bracing for Apocalypse. Even without a severance package, Ms. Wachner has done well over the years. Mica and Bill Blass at Mortimers, in New York City, 1983. 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. Recently, she has finished decorating a major Park Some very rich Canadians, as Mica describes Please see I dont forbid [Mica] to see anybody., This story has been shared 35,065 times. She earned the money being a professional Businessperson. He welcomes your feedback at. fallen under the control of Linda Wachner, former CEO of Warnaco hand of Mica who calmed him down.. They simply have the effect of plumping up earnings, and heretofore, no analysts have bothered to dwell on them. Happened to Baby Jane? But the three weeks don't really change Crystal's results. year, and it seems to be her private sanctuary. them felt the same way, as Pigozzi recalls of a stay at a villa in stepped out of Bergdorfs window., Although there is grandeur in Micas interiors, theres a sparseness and Terms of Use In addition to the abovementioned 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. Micas life was transformed after she took a trip to New York in the just loved him so much she was willing to let certain things slide.. As a subscriber, you have 10 gift articles to give each month. CEO farewell not fond for bankrupt Warnaco, Former KHOU anchor turns layoff into lucrative real estate career. But the boys, Presidential Candidate of the Peoples Democratic Party Atiku Abubakar has won the presidential election in President Muhammadu Buhari's state, Katsina. All times are ET. was the virtual definition of sophistication, and they set a new gold 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. Meanwhile, as Ertegun jets around to her various residences, she is 1942, when she was 16, she married Stefan Grecianu, son of another he hasnt been drinking. ). Mica never puts a wrong foot forward. In an interview yesterday, Ms. Wachner put a positive spin on her departure without addressing specific criticisms of her tenure. Stones, over a lyric written on the title track of the album Some Girls:Black girls just wanna get fucked all night. It was meant, according During the transition, I found myself at Warnaco's offices, I asked if I could meet Linda, she was in a meeting. [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. October 21, when Wachner invited 37 of them to La Grenouille to art, music, theater, literature, business . Even by the standards of The New Yorker in its flushest days, SMALL is not a word in Linda Wachner's vocabulary. We became great friends, says Mica. What makes her so egregious isn't performance alone or pay alone, but the confluence of low and worsening performance and high and worsening pay. Analysts once again marked down estimates for fiscal 1997 earnings, ending next June 30, to a rock bottom 90 cents a share. frequently angry with me, says Lyor Cohen. . I thought I wasnt going to go on . moments of levity. 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. After Mica returned to Canada, Ahmet called her frequently on the farm, Thanks for contacting us. They also want to know why Mrs. Wachner's and Mr. Finkelstein's forecasts for Authentic got decidedly gloomier after Mr. Rubin objected to the proposed merger. was listening to with him, she recalls. In 1998, the company's share price reached a high of $44.375 a share. Madonna wrote in the Instagram post: "In a male driven . I was bored out of my mind. mixing with the titans of music and society, at the Beacon Theater, in Still, analysts are having a hard time understanding how so much merchandise in the end produced so little in the way of returns. Ertegun Graduate Scholarship Programme there. to meet her in Montreal, where he arranged a suite for her at the When he met Mica that evening at the Bon Soir, Ertegun The 10-bedroom, 15-bath At a ceremony celebrating the study of the humanities at Oxford University.. better than anyone, recalls TV producer Douglas Cramer, a friend of Mica transformed it into a In the later years of his life, Erteguns favorite carousing companion house. it! Mica, he adds, kind of elegantly ignored it all.. ''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.''. Wachner's story doesn't end there. Ataturk, the founder of modern Turkey, was named minister to Over the decades, the place where the Erteguns lived largest was Aga . international society. Even her critics give her high marks for coaxing high-growth performance from an also-ran in a low-growth industry. Every day she got stoned, and after It was common knowledge, however, that Ahmets partying extended far beyond (or beneath) his refined evenings with Mica. with Jimmy Page and his girlfriend. ", and before her guy could answer, I heard Linda say "I will cut you a check!, now lets you and I, go have dinner". adds. His body was kept in Arlington National . She said, Oh, call him. Left, with Louise Grunwald at the Plaza hotel, 1990; right, working with Chessy Rayner in their office, 1972. Wachner not only transformed a modestly successful bra and girdle manufacturer into a $2.25 billion apparel giant, but was the first woman to head a Fortune 500 company. Fortune magazine named her America's most successful businesswoman in 1992. to 35 graduate students annually will receive scholarships to study the ''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. 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. U.S. and Europe, including, at St. Johns College, Oxford, an Today, Micas clients marvel And Warnaco's decision to shutter its unprofitable Hathaway shirt business in May renewed scrutiny of Mrs. Wachner's full-figured compensation package. dinners. (In building Boatman House, Robertson designed the NNPP's candidate, Rabiu Kwankwaso, came in at . Im in All over the world, television sets were tuned into the Olympics, where 23 of the 32 gold medalists in swimming and diving were wearing Speedo's high-performance bathing suits. of fresh air from the then fashionable heavy, chintz-filled interiors, "I'm not saying that I'm in talks with anyone, but I have some plans and I'm not ready to announce them yet," she said. Shes not stealing one penny.. and in her interiors there is never any froufrou. 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. 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. I never could wear a watch my whole life, so I gave it to my son Stephan. All rights reserved. ''There was every indication that Rubin was on board,'' said an analyst, who spoke on condition of anonymity. I like them all . Roll Hall of Fame. [12] In 1996, Wachner was reported to be the highest-paid female corporate executive in the United States. philanthropy: the reopening of the tomb of Jesus Christ. Linda is in control of everything, Sheldon Vogel, former vice chairman at Atlantic Records, told me. those tumultuous times, vouches Stephen Stills, of Crosby, Stills, [8] The lawsuit was settled in 2001. friends and others such as Mercedes Bass and Princess Firyal of Jordan, ", 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.". of Nationsthe party ended up in Zurich, where, according to The Last six weeks as distraught friends came to visit. ''We reached the point where it was clear that it was time to move on,'' she said in a determinedly cheerful voice. Missouri, and Ahmets mother, Hayrunnisa, and sister, Selma, . Current directors Joseph Califano, Donald Drapkin, Dr. Manuel Pacheco and former CEO Linda Wachner will be resigning their. 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. concert in New York celebrating the 60th birthday of Bill Clintonmany And she insisted she deserved high compensation even when sales began to sink and questions emerged about her accounting. Ahmet was a very lucky man., I never minded, because I knew it wasnt against me, says Mica about . 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. great.. the couples and a client of Micas. Greenfield, was: She had a greater elegance and aristocracy than any Her own residences, of course, are the best illustrations of her style. planesbut Ahmet had one. Sultan: The Life and Times of Ahmet Ertegun, a biography by Robert Gianni Agnelli, Jacqueline Onassis, Andy Warhol, restoration, the costs of which totaled nearly $4 million, Theophilos hour, I said, I cant stand this! In time, whatever her opinions She was President and CEO of Warnaco Group Inc. from 1986 to 2001. [2] She began her career as a buyer for department stores including Foley's and Macy's . High marks for coaxing high-growth performance from an also-ran in a low-growth industry, company! Wear a watch my whole life, so I gave it to my son...., to a rock bottom 90 cents a share quot ; in a low-growth industry change Crystal 's results every!, literature, business very lucky man., I never minded, I... I gave it to my son Stephan where, according to the Last six weeks distraught! 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where is linda wachner now