Word: edgars
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Vivendi narrowed the field to one after many months of shopping, flirting and haggling with a long line of suitors that included Viacom, MGM, Liberty Media and finally Edgar Bronfman Jr., the former Seagram CEO who sold Universal to Vivendi in the first place...
...Vodafone to take control. And last week, Vivendi's board signed off on a plan to increase its stake in a Moroccan telecom firm. But if he wanted to focus principally on telecommunications, then Fourtou's most logical move would have been to sell the U.S. entertainment assets outright; Edgar Bronfman Jr., who originally sold Universal to Messier and is on Vivendi's board, offered $8 billion in cash. Fourtou himself acknowledges that he doesn't yet have a final strategy. One possibility, he said last week, is to split Vivendi into two companies: one focusing on entertainment, the other...
...Roman Chelsea stuff," and that Abramovich "couldn't care less." Perhaps he should be conducting his own scrutiny of how his money has been spent since he bought the club. After airing a fantasy shopping list of new players - which included Arsenal's Thierry Henry and Patrick Viera, Juventus' Edgar Davids and Inter Milan's Christian Vieri - Chelsea has only snapped up a few B-listers at wildly inflated prices. Twenty-four million euros for Blackburn Rovers' Damien Duff? Now there's a deal that should be raising questions. - With reporting by Yuri Zarakhovich/Moscow Finding the Swede Spot...
...Vivendi Universal. Jean-René Fourtou, Messier's successor, described the payout as "indecent" and promised to contest the decision. He has little room for maneuver: the payout was written into a U.S. contract agreed to last July by two Vivendi directors, Marc Viénot and Edgar Bronfman Jr., to persuade Messier to depart quickly and quietly. The full board rejected the contract days later, after Messier had quit. The arbitration ruling highlights a fundamental difference between U.S. and European corporate practice: in France and some other European nations, a company board is required to act collectively...
...half-gallon (64 oz.) tub; the 12% smaller cartons hold only 56 oz. Hewlett-Packard has even downsized a ream of paper: packages of its Everyday Inkjet Paper contain 400 sheets instead of 500. "It's almost like going to buy eggs and finding 11 in the carton," says Edgar Dworsky, founder of ConsumerWorld.org a consumer-advocacy website. Most shoppers never notice a couple of ounces missing from a can of soup or a few feet gone from a roll of paper towels--which is what manufacturers are counting on. "Consumers really don't have in their minds that they...