Word: musically
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Dates: during 1990-1990
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With his stocky build, spread-collar shirts and locker-room charm, Walter Yetnikoff fit right in among the sharp-elbowed power brokers in the music business. He was tone-deaf as well, yet for 15 years the colorful and fiery Yetnikoff steered CBS Records (major labels: Columbia, Epic) to world prominence. He boosted its revenues from $485 million in 1975 to well over $2 billion last year, when it ranked second only to the Warner Music Group. In the process, Yetnikoff managed to foster some of the most profitable talent ever to reach the music industry, from Michael Jackson...
...late 1980s his reputation for platinum alchemy began to tarnish abruptly. Associates say Yetnikoff became consumed by personal vendettas against a growing number of enemies -- real or imagined -- in the $20 billion global music industry. His combative style seemed increasingly to grate his employer, Sony, which had bought the record giant in 1988 for $2 billion. Last week a frustrated Yetnikoff, 57, suddenly bowed out as chief executive. He explained only that he planned to take a sabbatical of several months and then work on unspecified long-term projects with the company...
...been the result of a coup staged by his handpicked No. 2 man, Tommy Mottola, according to industry speculation, though no successor has been named. Another possible catalyst for Yetnikoff's resignation is his depiction in Fredric Dannen's new best seller, Hit Men, a graphic portrayal of the music industry's seamy underside. In the book, Yetnikoff comes off as a crude, tantrum-throwing and philandering egomaniac. "He's a brilliant man with a strong self-destructive streak," contends Dannen. Says David Braun, a top music lawyer in Los Angeles: "Walter got lost in the fantasy...
Donnie Wahlberg, of the pop music group New Kids on the Block, allegedly assaulted a Harvard junior on a Delta Airlines flight bound for Atlanta earlier this month...
...present it, but jabbed me in the eye anyway," said Dattner, who added that he has heard none of the New Kids' music and favors musicians such as the Rolling Stones, the Beatles and Sting...