Word: revson
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...credited for demystifying the antiwrinkle potential of today's nonprescription skin creams [BUSINESS, Aug. 14]. Your outside laboratory's independent analysis and the companies' responses to them were very revealing. We all recognize that in the end, there is significant subjectivity to the user's perception of success. Charles Revson, the legendary founder of Revlon, was probably quite right when he proclaimed, "We sell hope in a jar." ROBERT KOTLER, M.D. UCLA Medical Center West Los Angeles...
Among the luminaries charged were Martin Revson, co-founder of the Revlon cosmetics empire, and Edward Downe Jr., a former director of the investment bank Bear Stearns and husband of auto heiress Charlotte Ford. The SEC claims Downe used his position at the Wall Street firm to cull confidential information on companies and then used it to earn profits of $3.3 million in stock trades. Revson allegedly netted $1.7 million from improper tips he received from Downe. Others charged by the SEC are Steven Greenberg, a former public relations executive, who allegedly pocketed $550,000 in illicit profits; Thomas Warde...
...Street. Instead of stock tipsters and takeover artists, though, the new cases involve high-ranking executives whose jobs give them access to privileged information about their business. And unlike the scandals of the 1980s -- or the charges brought last week by the Securities and Exchange Commission against investors Martin Revson and Edward Downe Jr. and others accused of making at least $13 million on inside information -- most of the trades by corporate officers are technically legal and carried out with the full knowledge of the SEC. But a recent spate of dubious transactions by corporate higher-ups has investors crying...
...need all five, by any means, but you need at least one. Charles Revson, who founded Revlon, had all but Resources (he grew up in a cold-water flat, knew nobody important and never went to college). His partner, Charles Lachman (the L in Revlon), had only Luck. He married into a small chemical company, enabling him to provide Revson a few thousand dollars of goods on credit to get started. In return, he got a 30% stake in Revlon and, in his words, a rake. For the next 50 years he just raked...
When Manhattan financier Ronald Perelman bought control of Revlon in a decidedly hostile 1985 takeover, he promised the treatment usually offered to the beauty behemoth's customers -- a complete make-over. In the years following the death of founder Charles Revson, the legendary line's earnings and stock price had faded faster than a bad dye job. Perelman re-established Revlon as an industry leader by focusing on its best-known products: cosmetics...