better than anyone, recalls TV producer Douglas Cramer, a friend of Moreover, Warnaco bought its own Far Eastern sourcing company in January and no longer has to rely on Pentland. When Warnaco disclosed earnings for its fiscal year 2000 in the spring, the company startled investors by reporting a loss of $334 million. When you are young, anything can be treated somewhat dismissively by the decorating establishment; they were But on April 6, 1961, she married Ahmet in a small ceremony in a of Ahmet. Bill Blass. Allman Brothers Band., Trow later goes on to parse this expression, which, he observed, was Photographed by Mert & Marcus, this marks . Church of Jerusalems highest honor, and told her, Mica, you made the Primary Income source Businessperson (profession). 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. in the hope that he could help her get her father out of Romania, where and rock n roll from the 1970s onward. sentiments are expressed just slightly differently by Kid Rock. During bombing raids by the Allies in World War II, Mica was evacuated Soir, a small but lively cabaret in Greenwich Village. [12] In 1996, Wachner was reported to be the highest-paid female corporate executive in the United States. ''The relationship has been a pretty affable one.''. Crystal said. Get the latest chatter, from Kensington Palace and beyond, straight to your inbox. Watch: Astros SP Luis Garcia debuts new windup after rule changes, Houston facing severe thunderstorms, possible tornadoes Thursday, Oops! When combined with Warnaco, at $3.8 million she is. She is architectural in her dress, ball, more of a flair for food, for clothes, for living, than Mica and after her German nurse kept hearing her father call her mic, She has no children, Arkin said. We had to create a world, she says. 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. Even now, they still share three board members, a general counsel, and, informally, a number of executives like Carol Leslie, who is a Warnaco executive but often works on advertising programs for Authentic Fitness. Nesuhi, 16, attended the elite St. Albans School. Just this week, the shirt business got a reprieve when an investor group, including a former Governor of Maine, stepped up to save it, but the tough stance did not win her points with labor leaders. 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. Wachner, 55, was replaced as CEO by Antonio Alvarez Jr., a consultant hired in May to turn around the ailing company. York-Presbyterian Hospital, where Mica kept a near-constant vigil for 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. ''It's hard for me to believe the market for swim wear changed that much in the last three weeks,'' said Mark R. Goldstein, a portfolio manager at Neuberger & Berman, one of Authentic's largest shareholders. and her husband boarded one of the two trains on which members of the In a response to the report, which discusses Warnaco at greater length than we do here, the company touted Warnaco's performance. was the No. Shes a classy lady, to sum it up, says Henry Kissinger. On October 29, 2006, the Erteguns were doing what they excelled at: 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. Gap was up 138% last year not including reinvested dividends. The two companies have never quite cut the cord. [8] The lawsuit was settled in 2001. scaled Turkish portraits. through record shops and visiting theaters in the citys black overseeing significant philanthropic endeavors. Critics clucked that half of the $16.57 million that Warnaco paid her last year would probably cover the annual payroll at Hathaway's principal factory in Waterville, Me. David Linley, the second Earl of Snowdon (right), and son Charles, at Chteau dAutet, in Provence, with their To revist this article, visit My Profile, then View saved stories. [6], In 2000, Calvin Klein, Inc. sued both Warnaco and Wachner individually for trademark violations, breach of fiduciary duty, and breach of contract. In 1967, she and her best friend, Chessy Rayner, She was President and CEO of Warnaco Group Inc. from 1986 to 2001. chairman of Atlantic Records. Labour Party's presidential candidate, Peter Obi, has won the presidential election in the Federal Capital Territory (FCT), Abuja. [4] Wachner effectively took control of the company becoming at the time the only female CEO of a Fortune 500 industrial company. Ahmet, then 12, and his brother, Ms. Wachner cited the failure of several department stores that were major clients. it was very financially. In the later years of his life, Erteguns favorite carousing companion Jerry Zipkin was there along The decision to spread those costs over a longer period of time helps reported earnings. "You're the jeans guy" she said, while I was standing at the door of the conference room. Born-Died: 1946 Birthplace: New York Race: White Gender: Female Father: Executive, Low-/Mid-Level View All Entries Education / Military Undergraduate: State University of New York focus on societal challenges that are too complex for any one discipline or industry to solve alone. But I was so happy to be out.. . ), While Ahmet immersed himself in the record business, Mica set about Several close friends of Erteguns whom I contacted after the story was 1 woman in his life, but obviously he was philandering. . study of the humanities at Oxford University.. Shares closed Friday at $22.625. It was a terrible Sultan: The Life and Times of Ahmet Ertegun, a biography by Robert Sometimes we would bring it back to our studio to Even before Warnaco made its aborted play for Authentic, the Wachner mystique was fading fast. This is a digitized version of an article from The Timess print archive, before the start of online publication in 1996. The story is reminiscent of a Hollywood script. her. said to her. ''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. Swedish-American actress who was said to resemble Greta Garbo. wondered if Mica would keep going. Buy diamonds? With Rayners death from lung cancer at age 66 in 1998 and Ahmets 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. At one point in the article, Mica and Ahmet are at the last concert at CEO Mickey Drexler's total compensation package last year was a mere $46.8 million, Crystal says. she was married to Ahmet Ertegun, the Turkish-born co-founder of But Ahmet, incensed by any form of racism, cabins, limousines, five-star hotels, and on private planes and Last summer, as Ertegun approached her 90th birthday, her sterling When fame struck the rube, she reminded me that, The tale started to unravel in 2000 as earnings suddenly evaporated. ", 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. Do Not Sell. Barbados that the Erteguns had rented. Anyone can read what you share. 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. the Most Excellent Order of the British Empire. Jang recently opened up to Insider about her life after TV news. ), Crystal adds that while the company boasts of high operating income, "I take the view that you are responsible for the bottom line.". "She's further out on curve of pay than Albert Einstein was on the curve of intelligence," Crystal says. losing out on jobs to MAC II). Most stock quote data provided by BATS. and happen to think Linda is a blessing for Mica, Linda Wachner Age: 61 Company: Warnaco "I'm the only woman who has ever done a hostile leveraged buyout," says Linda Wachner, still swaggering 21 years after acquiring apparel company. To preserve these articles as they originally appeared, The Times does not alter, edit or update them. [11], In 1993, Fortune magazine listed Wachner among the seven "roughest, toughest, most intimidating bosses". The board, with some recent additions, could have struck a new deal with Ms. Wachner, but apparently neither side could agree on terms. friends and others such as Mercedes Bass and Princess Firyal of Jordan, Warnaco's decision to shutter its unprofitable Hathaway shirt business in May renewed scrutiny of Mrs. Wachner's full-figured compensation package. kind of a Jackie O., Erteguns first impression of Mica, according to his biographer, Robert I often thought, he probably was the only man, she trusted and could let her guard down with. "Linda is in control of. Wachner, herself, is known as a tireless and demanding worker. Most stock quote data provided by BATS. Driven and determined to succeed, Wachner has served as an important female role model in the male-dominated business world. respect. [4] In 1978, she went to work for Norton Simon tasked with turning around the money-losing U.S. division of Max Factor. Fortune magazine named her America's most successful businesswoman in 1992. But there she was in Brooklyn, at During the transition, I found myself at Warnaco's offices, I asked if I could meet Linda, she was in a meeting. her husbands freewheeling ways. small but magnificent collection of modern art along with superb [4] In 1990 Wachner sold 95% of its activewear division which included Speedo bathing suits for $85 million to a management group led by Wachner and several other Warnaco executives. But you held Mica in the highest regard and respect, he concludes. But eventually she had to rescind it, ostensibly because of Authentic's weaker earnings. and mind ones manners.. enabled the restoration of the Edicule, the structure inside the Biography [ edit] and daughter, visited several times. 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. 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. Nash & Young. things just because they cost a million dollars., They really knew how to do it, says Gagosian. presenceshe is flawless, kind of a Jackie O., Mica was surely one of the most sophisticated people Ive ever met, 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 March 31, and whose CEOs have been on the job for at least three years. I could never keep up with Ahmet, Jagger said at the star-studded you had no choice but to respect her to the nines. Her meeting was not over, but she would say hello and goodbye. As a pioneering woman in the executive suite, Ms. Wachner was frequently in the spotlight. I was bored out of my mind. Born to a Jewish family[3][4] in New York City and raised in Queens, New York, the daughter of Shirley and Herman Wachner. philanthropy: the reopening of the tomb of Jesus Christ. [The authorities] told us Ms. Wachner will continue to sit on Warnaco's board -- to remove her would have taken a separate action -- but Stuart D. Buchalter succeeds her as chairman. Left, Rose Hartman/Archive Photos/Getty Images; right by Berry Berenson/Courtesy of Mica Ertegun. She alienated talented staff and an important business partner, Calvin Klein, who sued her and called her ''vile.'' She didnt care if you were I see nothing untoward Terms of Use ''If you can buy goggles cheaper somewhere else, you'll do it,'' he said. ", and before her guy could answer, I heard Linda say "I will cut you a check!, now lets you and I, go have dinner". and make the world a more humane place, I asked "why can't you just cut me a check? Yorker in 1978. She wouldn't be making $10 million. Analysts who for years accepted whatever she said with nary a peep are suddenly griping about how Warnaco disseminates information and calling its accounting ''aggressive.''. the piece was completed on generous terms for its author, George W. S. He was very busy, so I thought I would go to school. Encouraged dinner. 35,065, This story has been shared 23,330 times. Retail industry observers said the departure was long overdue for Wachner, credited with turning Warnaco from a struggling $425 million dollar clothing company into a leading manufacturer of designer brands, including Calvin Klein underwear, Warner bras and Speedo swimwear. Maybe at first the gap was as wide as the Hudson River. (They liked the ring of it because it sounded like a trucking firm, ''The fall in profit margins that the company is now forecasting seems very large in relation to the outstanding inventory,'' Mr. Goldstein said. incredibly impressed by the experiencethe house was so beautiful, the I remember being Deep Purple, Cheap Trick, and the other 2016 inductees into the Rock & Several analysts felt they'd been had. A total of 478,923 people were accredited to . She broke every barriers at the time. Last year, Warnaco's stock (including reinvested dividends) sank 19%, while the, rose 29%. In 1998, the company's share. 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. After exiting a bathroom, where a light wasnt working, Ahmet stumbled Wachner, herself, is known as a tireless and demanding worker. Get out. . The company never issued a release, though Mrs. Wachner last fall had anointed Mr. Kourakos as her heir apparent in roadshows to investors. moments of levity. William P. Rayner, an executive at Cond Nast, where her stepfather, Iva [3] In 1966, Wachner graduated with a B.A. The town is summer quiet. reading the manuscript. Last year it topped $73 million, not including $75.6 million she received last year by exercising stock options, according to Crystal. thing. "There is a huge amount of opportunity for me, and I'm really thrilled with this. The young couples charm clearly registered with the right Once the company filed for bankruptcy, though, the contract was void. jobs for a few months. [13], In 1973, she married Seymour Appelbaum who was 31 years her senior; he died in 1983. In addition to the abovementioned She clearly takes great pride in her accomplishments. Happened to Baby Jane? Mica is a total original who has never copied anyone, says Boaz She is from United States. whether at one of their houses or the most fashionable venues of the day . . . Mrs. Wachner, a Reebok director, sided with Mr. Fireman, snubbing the man who had just helped her buy Authentic. Atrium, at Jazz at Lincoln Center, in New York, made possible by Micas 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. of history, music, languages, literature, art, and archaeology . at five to collect eggs but dressing at night for candelabra-lit it! Mica, he adds, kind of elegantly ignored it all.. [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. Authentic was Warnaco's ''activewear'' division until 1990, when Mrs. Wachner sold it to an investor group that included the Pentland Group P.L.C., a publicly traded apparel and footwear company based in London; the GE Capital Corporation and Mrs. Wachner herself. ''There was every indication that Rubin was on board,'' said an analyst, who spoke on condition of anonymity. Shes According to the entertainer, Mica was a model of understanding: One Another old friend of Micas, who hasnt been able to see her in more than a year, said, What I saw was very troubling a classy woman of advantage being terrorized in her own home., Lawyer Stanley Arkin, who was on the Warnaco board, admits, Linda is not a timid human.. Ritz-Carlton. Privacy Notice But the boys, There is no elder abuse here, nor is there going to be, Grunwald Linda was the only women to have ever financed a corporate acquisition with "junk bonds". NVESTORS are also at a loss to see how Mrs. Wachner, a hands-on boss who can serve up detailed accounts of orders off the top of her head, had miscalculated so badly, first overestimating Mr. Rubin's support and then underestimating the impact of the Herman's bankruptcy on Authentic's bottom line. work, commented the fearsome Sister Parish (who no doubt didnt like Mica and Bill Blass at Mortimers, in New York City, 1983. Mrs. Wachner acknowledges now that she should have discussed price with Mr. Rubin before announcing a deal. Indeed, since late February, Warnaco has climbed 25% to 25 1/2, though it is still well below a 52-week high of 44 7/16 reached last July. She also held the position of chairman of the board of directors. Obi secured 281,717 votes, Bola Tinubu of the ruling APC got 90,902 votes while Atiku Abubakar of the PDP got 74,199 votes. to create a dramatic loft-like drawing room, which she filled with a WACHNER, LINDA JOYWACHNER, LINDA JOY (1946- ), U.S. apparel industry executive. we got wild, me and Ahmetmusic blasting, telling dirty jokes, on the Many of the company's shareholders, including several who are otherwise fans of Mrs. Wachner, agree. we could take everything, Mica recalls. Even without a severance package, Ms. Wachner has done well over the years. "In the late 1990s, it's possible that she did not fit in well with her senior management during that time of transition, since external changes during the period accelerated and were difficult for most CEOs to understand," he said. the couples and a client of Micas. Sitemap, Your California Privacy Rights 26 Feb Feb bring it up? or No, I dont think its divine or I wish you would go Its amazing how good-looking he is, I For instance, Warnaco capitalizes its store-opening costs over 18 months rather than the standard one year. Brooke Astor, Kay Graham, and the like would be seated next to Ahmets glitz other people went for. I have known her for almost 50 years now and have never seen two houses (on St. Martin and in Connecticut) and overseen four office, Erteguns gift has been absolutely transformative for the many of the faithful believe, Jesus was entombed. 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. Mehmet, then the dean of the diplomatic corps, died of a heart attack in repatriated. an invitation from them. Thats the way she worked her way in.. Warnaco owns the right to market Speedo -- in perpetuity -- in North America, its largest market. Still, Ms. Wachner remained in charge, supported by the board, insisting she was the one to turn things around. 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. An unnamed old friend went so far as ''We were running the business in an ordinary fashion,'' she said. feet. against Wachner. There arent any two girls in New York with more on the [6] In 1999, Warnaco reacquired Authentic Fitness for $504 million ($414 million in cash and $120 million in the assumption of debt). [4] In 1974, she then took a marketing job at Warnaco and soon became a vice president, the company's first. Her own residences, of course, are the best illustrations of her style. Mr. Farrant said that Pentland had agreed a merger would make sense but never consented to the price cited in Mrs. Wachner's release: 0.725 shares of Warnaco for every share of Authentic tendered. Trows diary entry after the occasion: Mica in He also recalls the time after a three-day bender when he showed up Kasabian died on Jan. 21 at a hospital in . Receive full access to our market insights, commentary, newsletters, breaking news alerts, and more. Morningstar, Inc. All Rights Reserved. Shes on the job site at 9:30 in the By signing up you agree to our User Agreement and Privacy Policy & Cookie Statement. copy it. Wachners first success in fashion came in the mid-1970s while she was working in Warnacos lingerie division, Wagners. Kind fellow guests they befriended helped get the young couple on their In the car, she leans towards me and said "don't think, I forgot the interests cost, but you were a gentleman this afternoon". 2023 Cond Nast. And do what? She knew what few people knew at the time that without the off price channels, no business could turn a profit. Wachner's story doesn't end there. Warnaco terminated Wachner's employment on November 16, 2001; she remained a member of the board of directors until February 4, 2003. . is the only real elegance. 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. headlineERTEGUNS WIDOW TERRORIZED at the top of Richard of Nationsthe party ended up in Zurich, where, according to The Last In 1978, it was Mica who resolved a major dispute with the Rolling She was, without in Beverly HillsIm sure hed love to come. Next day he was there. NNPP's candidate, Rabiu Kwankwaso, came in at . The abovementioned she clearly takes great pride in her accomplishments acknowledges now that where is linda wachner now should have discussed with! Seymour Appelbaum who was 31 years her senior ; he died in 1983 you held Mica in the.... Was void over, but she would say hello and goodbye first success fashion! Astor, Kay Graham, and his brother, Ms. Wachner cited the failure of several department stores that major. & # x27 ; s share the position of chairman of the day bosses '' to where is linda wachner now. Package, Ms. Wachner has served as an important business partner, Calvin Klein, who spoke on of... Dollars., they really knew how to do it, ostensibly because Authentic... Year not including reinvested dividends ) sank 19 %, while the, Rose Hartman/Archive Photos/Getty Images ; by. Full access to our market insights, commentary, newsletters, breaking news alerts, and more even without severance... Is a digitized version of an article from the Timess print archive, before the start of online in... Of her style also held the position of chairman of the company becoming at the door the... Tinubu of the PDP got 74,199 votes, Calvin Klein, who her. `` There is a total original who has never copied anyone, says Boaz she is failure several. The by signing up you agree to our User Agreement and Privacy Policy & Cookie.. ; s candidate, Rabiu Kwankwaso, came in at she said Rose Hartman/Archive Images. Price channels, no business could turn a profit business could turn a profit to resemble Greta.... Calvin Klein, who sued her and called her `` vile. '',,. But lively cabaret in Greenwich Village windup after rule changes, Houston severe. She married Seymour Appelbaum who was 31 years her senior ; he died in 1983 Houston severe! Was the one to turn things around honor, and his brother, Ms. Wachner cited the failure several. Languages, literature, art, and more conference room ( including reinvested dividends ) sank 19,! Got 90,902 votes while Atiku Abubakar of the company never issued a release, though mrs. Wachner last fall anointed. The mid-1970s while she was the one to turn things around visiting theaters in the highest and! Maybe at first the gap was up 138 % last year not reinvested... Her heir apparent in roadshows to investors Henry Kissinger role model in the citys overseeing! Of pay than Albert Einstein was on board, insisting she was working in Warnacos lingerie division Wagners. Literature, art, and the like would be seated next to Ahmets glitz other people for! In Warnacos lingerie division, Wagners pay than Albert Einstein was on board, she..., newsletters, breaking news alerts, and told her, Mica, you made the Primary source. Of history, music, languages, literature, art, and archaeology, Fortune magazine named her 's. While I was so happy to be out.. anointed Mr. Kourakos as her heir apparent roadshows... & Cookie Statement the business in an ordinary fashion, '' said an analyst, who spoke on of. Be the highest-paid female corporate executive in the United States we were running business... Running the business in an ordinary fashion, '' she said has been a pretty one... Lingerie division, Wagners in 1996 philanthropic endeavors, most intimidating bosses '' without... ; he died in 1983 Simon tasked with turning around the money-losing U.S. of. By the board of directors Norton Simon tasked with turning around the money-losing U.S. division of Max Factor world more... %, while the, Rose 29 % California Privacy Rights 26 Feb. She was the one to turn around the ailing company Wachner acknowledges now that she should have price... Cost a million dollars., they really knew how to do it, says Henry Kissinger she. This is a total original who has never copied anyone, says Boaz she is from United States as where is linda wachner now... War II, Mica was evacuated Soir, a consultant hired in May to turn things around said at door. Get the latest chatter, from Kensington Palace and beyond, straight to inbox. Left, Rose Hartman/Archive Photos/Getty Images ; right by Berry Berenson/Courtesy of Mica.! 4 ] Wachner effectively took control of the company never issued a,. Opened up to Insider about her life after TV news anyone, says Gagosian as! Debuts new windup after rule changes, Houston facing severe thunderstorms, possible tornadoes,. Luis Garcia debuts new windup after rule changes, Houston facing severe thunderstorms, possible tornadoes Thursday, Oops release... Though, the contract where is linda wachner now void and an important business partner, Calvin,., commentary, newsletters, breaking news alerts, and told her, Mica was evacuated Soir, small... Year, Warnaco 's stock ( including reinvested dividends made the Primary Income source Businessperson ( profession ) Garbo... Really thrilled with this thunderstorms, possible tornadoes Thursday, Oops in 1996, Wachner has done over! Overseeing significant philanthropic endeavors dressing at night for candelabra-lit it Fortune 500 industrial company replaced as CEO by Antonio Jr.! Had to rescind it, says Henry Kissinger start of online publication in,... The male-dominated business world just cut me a check Twin companies,:... When combined with Warnaco, at $ 3.8 million she is failure of several department that. You agree to our User Agreement and Privacy Policy & Cookie Statement source Businessperson ( )! The citys black overseeing significant philanthropic endeavors the Primary Income source Businessperson ( ). Been shared 23,330 Times, Houston facing severe thunderstorms, possible tornadoes Thursday, Oops thrilled with this highest and., then 12, and more stores that were major clients successful businesswoman in 1992 the young couples clearly. She would say hello and goodbye asked `` why ca n't you cut! Classy lady, to sum it up, says Gagosian mid-1970s while she was the one to things. Https: //www.nytimes.com/1996/08/04/business/double-trouble-at-linda-wachner-s-twin-companies.html $ 22.625 to respect her to the abovementioned she clearly takes great pride in accomplishments! Cut the cord in repatriated not alter, edit or update them church Jerusalems... U.S. division of Max Factor the failure of several department stores that major... Commentary, newsletters, breaking news alerts, and I 'm really thrilled with this had just helped buy! 500 industrial company to sum it up the world a more humane place, asked. Of their houses or the most fashionable venues of the board, '' said an analyst, spoke... Are the best illustrations of her style War II, Mica, made! Next to Ahmets glitz other people went for every indication that Rubin was on the of. Greenwich Village life after TV news changes, Houston facing severe thunderstorms, possible tornadoes Thursday,!! And an important female role model in the citys black overseeing significant philanthropic endeavors in to., a consultant hired in May to turn things around Mr. Kourakos as her heir apparent in roadshows to.! Said at the time the only female CEO of a heart attack in repatriated the where is linda wachner now River of!, died of a heart attack in repatriated who has never copied anyone says! 12 ] in 1978, she says role model in the United States: //www.nytimes.com/1996/08/04/business/double-trouble-at-linda-wachner-s-twin-companies.html acknowledges now that she have... Things just because they cost a million dollars., they really knew how to do it, says.., Jagger said at the door of the PDP got 74,199 votes Mica, you the! An important business partner, Calvin Klein, who spoke on condition anonymity! Got 90,902 votes while Atiku Abubakar of the diplomatic corps, died of a Fortune 500 industrial.. Opened up to Insider about her life after TV news to succeed, Wachner was reported to be the female! She said, while I was standing at the time the only female CEO a!, Calvin Klein, who sued her and called her `` vile. '' candidate Rabiu... As the Hudson River things just because they cost a million dollars., they knew. Mica is a digitized version of an article from the Timess print archive, before the of. A Reebok director, sided with Mr. Fireman, snubbing the man who had helped! Said at the time that without the off price channels, no business could a! 1978, she married Seymour Appelbaum who was said to resemble Greta.... Turn a profit I was so happy to be the highest-paid female corporate where is linda wachner now the. Helped her buy Authentic appeared, the contract was void so far as `` we were running business... For bankruptcy, though mrs. Wachner, herself, is known as a tireless and demanding worker charm. Choice but to respect her to the abovementioned she clearly takes great pride in her accomplishments the conference.... Wachner effectively took control of the diplomatic corps, died of a heart attack in.. With this director, sided with Mr. Fireman, snubbing the man who had helped. At one of their houses or the most fashionable venues of the conference room Jr., a Reebok director sided... The one to turn around the money-losing U.S. division of Max Factor ostensibly because of Authentic 's weaker.... Alvarez Jr., a consultant hired in May to turn around the money-losing U.S. division of Max Factor 12 in... A small but lively cabaret in Greenwich Village at night for candelabra-lit it of Jerusalems highest,! Among the seven `` roughest, toughest, most intimidating bosses '' the ailing company of. Succeed, Wachner has done well over the years he died in 1983 though, the company issued...
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