Word: perelman
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
Having plopped down a reported $20 million only a year ago, Ronald Perelman, chairman of Revlon and New World Communications Group, and David Pecker, CEO of Hachette Filipacchi Magazines, were understandably interested in what their new property, Premiere magazine, had in store for its 600,000-some circulation. But interest quickly turned to interference that has now led to the resignation of two top editors and near rebellion by the staff...
...tearful testimony last week, Tepperman conceded that attending to his wife had caused him occasionally to "lose focus" at work, but he insisted that he nevertheless performed his job competently. Besides, the breakfasts he was skipping had little to do with business. Perelman, Tepperman testified, sometimes regaled those present with bawdy tales of sexual conquests. Another occasional participant at the morning sit-downs confirms they weren't the most orthodox of strategy sessions. "The talk ranged from the brilliance of Ron's latest acquisition to the stylishness of his Hermes ties. It's a worship service...
Locked in a losing battle with embarrassing tabloid headlines -- New York's Daily News dubbed Perelman the king of mean, comparable to Leona Helmsley's queen of the same title -- Perelman's lawyer, Stanley Arkin, did his best to tarnish Tepperman's reputation. Outside the jury's presence, Arkin claimed that Tepperman, after admitting his wife to the Florida nursing home where she is still a resident, began living with Denese Galban, the nurse who once cared for her. Tepperman's lawyers do not dispute his involvement with Galban but insist that the relationship has the blessing of other family...
...front of the jury, the Perelman legal team chose to focus on Tepperman's dereliction of duty and his reported refusal, once he was terminated, to return executive perks such as a Mercedes-Benz and a cellular phone. Both sides agree the showdown came in late 1991, when Tepperman decided to go to Florida with his wife despite Perelman's insistence that he remain in New York. In court, Tepperman recalled that when he demanded to know why his physical presence was so urgently required in the age of faxes and modems, Perelman exploded in a characteristic tantrum, shouting...
...part, Perelman is quoted as saying in a sworn statement that "Fred fired himself. He wanted to take more time in Florida to play golf." A former Revlon executive believes the dismissal was the result of a simple personality clash: "When you write your own rules, you have no patience for people who don't say, 'Ronald, you're brilliant.' Tepperman is one of the sweetest guys I ever knew. But he's no hero worshipper...