As CEO of Warnaco, a $700 million maker of intimate apparel and men's shirts, Linda J. Wachner, 47, stands apart-and not just because she's the only woman chief executive in the Fortune 500. . She said, Oh, call him. After Mr. Rubin alone among Authentic's board members voted against the deal, Mrs. Wachner sweetened it. Perhaps more than anything else [Mica] is patient, says David (Mick Jagger, Robert Plant, Eric Clapton, and Stephen Stills are among ''We talked about the idea of a merger, and he agreed that it was a good one, but we did not discuss a specific exchange ratio'' at which Authentic shareholders would swap stock for Warnaco shares, she said. Yorker in 1978. 4th-century Church of the Holy Sepulchre that covers the cave where, Nobody who knows Mica is going to allow what happened to Brooke mixing with the titans of music and society, at the Beacon Theater, in And And do what? ''Right up until the very end, she promised things were getting better; she lied,'' said Herb Black -- a major shareholder who filed one of the suits, since consolidated in a class action -- in an interview yesterday. But why did I ask them back?, Vreeland pondered. large square room. hand of Mica who calmed him down.. She was much more of a lady., He was a man like nobody else, she tells me. [4] Wachner effectively took control of the company becoming at the time the only female CEO of a Fortune 500 industrial company. Consequently, she went through executives pretty quickly," said Ed Nardoza, editor-in-chief of retail trade magazine Women's Wear Daily in New York. authority or indifference, or both . Shares closed Friday at $22.625. According to Antony Green in the universitys development at the door of the Ertegun house in Southampton. Shes on the job site at 9:30 in the Do Not Sell. York-Presbyterian Hospital, where Mica kept a near-constant vigil for her. jeff dunham throws peanut across stage jeff dunham throws peanut across stage I knew operabut I didnt know what I In a lawsuit Calvin Klein filed last year against Warnaco for trademark violations, the management style of Wachner, Fortune magazine's most powerful woman in corporate America two years ago, was described as "unprofessional" and "vulgar.". Today, Micas clients marvel She would go to the bazaar in Bodrum and come back with some The revisions had the effect of pushing the price of Authentic shares down just before Warnaco's bid. exoticmade her a fashion icon. Crystal can be prickly, though from what I've read, some feel the same way about Wachner. I let her secretary know, that I would wait, eventually, she had me brought upstairs. CEO Mickey Drexler's total compensation package last year was a mere $46.8 million, Crystal says. of the girls I knew. to call the allegations baseless and without credibility., The idea that Linda is keeping Mica away from her old friends is I asked "why can't you just cut me a check? Wachners first success in fashion came in the mid-1970s while she was working in Warnacos lingerie division, Wagners. She didnt go for the The final numbers may in fact be worse. She broke every barriers at the time. . According to the entertainer, Mica was a model of understanding: One If I want Mica, I Their lookclean, crisp, pared back, unfussywas a real breath . Henry Silverman is next on Crystal's list at 913%. reading the manuscript. [4] After school, she held a succession of jobs first working for the Associated Merchandising Corporation, the New York City buying arm of Federated Department Stores; then as an assistant buyer at Foley's department store in Houston; and then as the bra and girdle buyer at Macy's in New York City. Enter Linda Joy Wachner. For Ahmet and for me, one of the great joys of life has been the study Atlantic Records, who reigned as the most influential titan of the music All times are ET. . at five to collect eggs but dressing at night for candelabra-lit 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. She controls Micas life, claimed Sheldon Vogel, former vice Micas look is austere and strict. Mazor. Certainly, they need each other the way some married couples do. Houston pitmaster goes viral after hilarious TV interview, Report: Houston ranked No. to the Ertegun residence, where it remains. Mandy Grossman, who headed Warnaco's Chaps by Ralph Lauren division, also left recently without notice from the company, as did Beth Ravit, head of Authentic's retail stores and one of its top executives. . arguably the most miraculous-sounding feat in the annals of modern Warnaco also says that it has "outperformed its industry average on return to shareholders, as indicated in the proxy, and has outperformed the S&P 500 in four of the eight years" since its 1991 IPO. Her own residences, of course, are the best illustrations of her style. When the contract was signed 10 years ago, Warnaco was laden with debt and had trouble getting lines of credit, she said. William P. Rayner, an executive at Cond Nast, where her stepfather, Iva house. ''The relationship has been a pretty affable one.''. during the Franklin D. Roosevelt administration. She has no children, Arkin said. Its amazing how good-looking he is, I Several close friends of Erteguns whom I contacted after the story was more than nine million copies. brought these worlds together. Born to a Jewish family[3][4] in New York City and raised in Queens, New York, the daughter of Shirley and Herman Wachner. 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. the couples and a client of Micas. When the board met yesterday to decide if she should stay, hers was the only yes vote. While the $502 million stock deal for the Authentic Fitness Corporation, the former sportswear division, has some logic to it, it would add some $40 million to Mrs. Wachner's own net worth and has angered a partner that Authentic does business with. had just resumed bachelorhood, after a two-year marriage to a One of the guest lampshades for Mica. The terms of her employment contract dictated that upon termination Ms. Wachner was to be paid five times her highest year of salary and bonuses, or roughly $43.6 million. But eventually she had to rescind it, ostensibly because of Authentic's weaker earnings. When asked why she deserves the pay, she says she restructured the company out of an LBO. in Beverly HillsIm sure hed love to come. Next day he was there. Biography [ edit] The invincible Mrs. Wachner has paid another price as well. All rights reserved. The results have not yet been posted. [4], Zweigenhaft, Richard L. and G. William Domhoff, The New CEOs: Women, African American, Latino, and Asian American Leaders of Fortune 500 Companies, Fortune Magazine: "AMERICA'S MOST SUCCESSFUL BUSINESSWOMAN Linda Wachner, the CEO of Warnaco, cut the debt, took the company public, and boosted the stock price 75%. . NEW YORK -- For many in New York's Garment District, the exit of Linda Wachner, . A few days later, after a series of strokes, he went into a coma at New She says no.) Mr. Rubin contends that Warnaco's proposal was an attempt to take advantage of Authentic's temporary problems stemming from Herman's bankruptcy to buy the company on the cheap. It became a business.. When I was running Warners losing out on jobs to MAC II). Vreelands quotes appeared in a two-part, 60-page, 33,000-word profile own. "Her management style was known to be extremely abrasive and not calculated to win friends and influence people. High-profile entrepreneur Linda Wachner (left) is listing her oceanfront estate for a sky-high $62.5 million, the highest price ever asked for a Southampton Village home. Chessy, he told Vogue in 1972. She is flawless, She was my touchstone of civility during the overwhelming chaos of The stock is now worth 13 cents in over-the-counter trading, down from a high of $44.44 in 1998. We would sometimes, meet for dinner when she came to LA and during a conversation once, she said that her favorite wine ever was Haut Brion 1982, I believed the 1989 vintage was the best ever produced by Haut Brion. Ms. Wachner cited the failure of several department stores that were major clients. Since then, they have lost more than a quarter of their value, failing to recover even after Warnaco called off the deal -- a reflection, some say, of a loss of confidence among investors and analysts. tea. A total of 478,923 people were accredited to . Shes a classy lady, to sum it up, says Henry Kissinger. repatriated. Bill [Blass] and Oscar got a lot of ideas and inspiration 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. Get the latest chatter, from Kensington Palace and beyond, straight to your inbox. . But no one ever wore it better than Mica., Initially, MAC IIs office was in a large closet in the Ertegun town Two years later, he was sent to Geneva to be the Turkish Gap was up 138% last year not including reinvested dividends. Cutting low-selling fashion lines and consolidating the various brands into 7 distinct divisions, Wachner reduced her companys debt from $550 million to $475 million in just one year. And the figs! It is minimalistic, but at the same time 1 most stressful city for U.S. workers, Turner: State takeover of Houston ISD could happen next week, Bun B on bringing Southern rap stars to Houston's Rodeo, 'Call me a Nazi': Former Houston pastor calls for state book ban, How the Houston Zoo moved its flock of flamingos to a new home, Astros show struggles with new MLB pitch clock rules, Houston leaders delay vote on Hobby Airport concesssions contract, West Texans share apocalyptic photos of after massive dust storm, The only Houston rodeo food guide you'll need, Watch: Houston Astros' Luis Garcia debuts new windup, Houston pitmaster goes viral after hilarious on-air interview with reporter. All the while, the couple Ontario and purchase a farm. When a board wants to change top executives, it often pays severance to buy out the executive's contract. 23,330, This story has been shared 15,765 times. As a pioneering woman in the executive suite, Ms. Wachner was frequently in the spotlight. Sometimes we would bring it back to our studio to This is a digitized version of an article from The Timess print archive, before the start of online publication in 1996. Mazor, an Oscar de la Renta executive. says another frequent guest, Jann Wenner. 2021 come down to yours.. fortune to know. In her second year, the division reported a $5 million profit. Mica does not have to at her stamina and work ethic. Turkey on Paul Allens 757 and buried in a cemetery overlooking the Programme, launched in 2012 with her $41 million pledgethe largest . In September, 1997 we met for breakfast at the Peninsula hotel, and she asked, "could you produce 1 million pairs for December? His body was kept in Arlington National we got wild, me and Ahmetmusic blasting, telling dirty jokes, on the As its stock plunged to 39 cents, Warnaco filed for Chapter 11 protection in June. Trows diary entry after the occasion: Mica in legacy seemed secure. Investors and analysts, too, were miffed enough with her indelicate handling of the matter that for now, she has had to back off, scrapping the bid on July 25. In spite of having had to take care of "You have to look at aggregate performance. but also many others. Factset: FactSet Research Systems Inc. 2018. ''For some reason other than fundamentals, the management may want the stock price to be lower, perhaps for the next negotiating phase.''. The two companies have never quite cut the cord. going on . As a subscriber, you have 10 gift articles to give each month. But I was so happy to be out.. Because Mica seemed so sad, we could take everything, Mica recalls. Ahmet was a very lucky man., I never minded, because I knew it wasnt against me, says Mica about from Bucharest to her familys country house, outside the capital. [4] In 1992, the company, renamed Authentic Fitness, went public. After exiting a bathroom, where a light wasnt working, Ahmet stumbled It was common knowledge, however, that Ahmets partying extended far Occasionally the digitization process introduces transcription errors or other problems; we are continuing to work to improve these archived versions. Looks like ex-Warnaco Chief Linda Wachner and one-time nemesis to Calvin Klein has finally unloaded her Meadow Lane estate in Southampton for a cool $32.5 million. humanities, and they will have the use of a study center, Mica and Ahmet some of them very much, she says. countless champagne-soaked evenings. She was President and CEO of Warnaco Group Inc. from 1986 to 2001. Mica explains.). near-constant companionbut all debunked any sinister accusations On January 10, 1948, 11 days after King Michael (who had succeeded Carol Furious shareholders filed suits accusing Ms. Wachner of concealing Warnaco's precarious financial condition. There arent any two girls in New York with more on the small but magnificent collection of modern art along with superb concert in New York celebrating the 60th birthday of Bill Clintonmany 2023 Cond Nast. table, he continues. Last year, Warnaco's stock (including reinvested dividends) sank 19%, while the, rose 29%. after her German nurse kept hearing her father call her mic, She was born in Manhattan, the daughter of Herman Wachner, a furrier, and his wife, Shirley, a saleswoman at Saks Fifth Avenue, and raised in . [6], In 2000, Calvin Klein, Inc. sued both Warnaco and Wachner individually for trademark violations, breach of fiduciary duty, and breach of contract. from her. deadlock ensued for weeks, until Mica, who had become friendly with Linda J. Wachner, age 55, was the Chief Executive Officer ("CEO") of The Warnaco Group, Inc. from 1986 until November 2001. S. V. Patcevitch, was chairman. 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. Hawaii, I had no background, and this was so rarefied. ''The fall in profit margins that the company is now forecasting seems very large in relation to the outstanding inventory,'' Mr. Goldstein said. The only residence at which the Erteguns infrequently entertained is I think [the gathering] speaks for itself, Wachner told me. her what shenanigans I was up to and said, Look, Ive got this great As originally published, this story contained an error. Warnaco terminated Wachner's employment on November 16, 2001; she remained a member of the board of directors until February 4, 2003. . MAC II; and Bette Midler, who sang Happy Birthday.. them, later lent them funds to move to a town on the shore of Lake under which this service is provided to you. [4] In 1974, she then took a marketing job at Warnaco and soon became a vice president, the company's first. 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. Most stock quote data provided by BATS. "Linda is a very tough manager, very demanding and extremely blunt. Paris, and Bodrum, Turkey. and it had a significant influence on contemporary taste. Fortune magazine named her America's most successful businesswoman in 1992. presenceshe is flawless, kind of a Jackie O., Mica was surely one of the most sophisticated people Ive ever met, (In building Boatman House, Robertson designed the ), While Ahmet immersed himself in the record business, Mica set about The young couples charm clearly registered with the right By Tony Palmieri/Penske Media/Rex/Shutterstock. them felt the same way, as Pigozzi recalls of a stay at a villa in Beautiful homemade breads and marmalades, feta cheese, honey, fresh-mint We had to create a world, she says. (Warnaco and Wachner beg to differ, and more on that later.) says. In an interview yesterday, Ms. Wachner put a positive spin on her departure without addressing specific criticisms of her tenure. just flip over it. frequently angry with me, says Lyor Cohen. of fresh air from the then fashionable heavy, chintz-filled interiors, Her meeting was not over, but she would say hello and goodbye. TimesMachine is an exclusive benefit for home delivery and digital subscribers. Maybe at first the gap was as wide as the Hudson River. It was done in an easy way that was beyond elegance, he says. so tragic, she says with the hint of a smile. ''What surprised us,'' Mr. Farrant said, ''is that within 10 days of our announcement, they suddenly discovered that the situation at Authentic Fitness was much worse.''. She is architectural in her dress, Wachner, herself, is known as a tireless and demanding worker. Swedish-American actress who was said to resemble Greta Garbo. Report: Houston is the No. She had made it to VP at Warnaco, before leaving to turn around Max Factor, when that company was sold to Beatrice food, she raised the money to buy it, when that did not work, and she heard there might be a play for Warnaco, she put together an investors group, raised 500 millions from Milken and organized the hostile takeover of the company, that made her the first women CEO of a fortune 500 company, (I am not counting Katherine Graham, as she was running daddy's paper). All Rights Reserved.Terms 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. On March 19, she was in Jerusalem, where her largesse accomplished AMERICA'S MOST SUCCESSFUL BUSINESSWOMAN Linda Wachner, the CEO of Warnaco, cut the debt, took the company public, and boosted the stock price 75%. All over the world, television sets were tuned into the Olympics, where 23 of the 32 gold medalists in swimming and diving were wearing Speedo's high-performance bathing suits. Fortune magazine named her America's most successful businesswoman in 1992. was not being kept from her old friends the night of 1942, when she was 16, she married Stefan Grecianu, son of another I told "You're the jeans guy" she said, while I was standing at the door of the conference room. to say that Ertegun is being terrorized in her own home by Wachner. . But one reason was financial. Rebecca Baker 1. Once the company filed for bankruptcy, though, the contract was void. and/or its affiliates. to 35 graduate students annually will receive scholarships to study the Eric Clapton or Henry Kissingershe welcomed everybody in equally and A year after joining to buy Authentic from Warnaco, the two squared off in a boardroom battle at Reebok International, the athletic shoe company that Mr. Rubin had helped start with a $77,000 investment. . The complaint, filed in Federal District Court in Manhattan, was settled right before trial, but not before depositions suggested that Warnaco had inflated its sales by producing more jeans and lingerie than it could sell at full price. The day before the merger was proposed, Warnaco shares hit $31.25. 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. During bombing raids by the Allies in World War II, Mica was evacuated I see nothing untoward In 1978, it was Mica who resolved a major dispute with the Rolling Any wonder her holding is worth $72 million? $9 million gift. ''We agree, and then we disagree.''. friends and others such as Mercedes Bass and Princess Firyal of Jordan, No wonder he stretched it out to The 10-bedroom, 15-bath financially. Receive full access to our market insights, commentary, newsletters, breaking news alerts, and more. She had worked at Warnaco before, and decided she should be running it. Erteguns Greek Orthodox pastor; several of her doctors; the staff of Tel Aviv. Ad Choices. copy it. her lose her temper even when there is nothing but chaos around her. shocked and disturbed to open up the New York Post and see a blaring Mrs. Wachner acknowledges now that she should have discussed price with Mr. Rubin before announcing a deal. Family friends shepherded them to Paris, where Mica got modeling 1. She's also CEO of, , another company with a spotty performance. And she insisted she deserved high compensation even when sales began to sink and questions emerged about her accounting. [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. Mica, he says, it just is., You were immediately enchanted, says Midler, who, with her husband But on she has gone, and she has no plans to retire. The $5.2 million revenue from the event, per an agreement (Though there were She broke into the club by sheer will and resilience. lunch she passed out in the nearest room, which was Jerrys. Sitemap, Your California Privacy Rights Alas, like all the other massive snowstorms coming this way this winter, it skipped us by. If she paid herself in line with performance she wouldn't be making $75 million. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Longtime friends of Mica Ertegun widow of Atlantic Records co-founder Ahmet Ertegun are worried she has fallen under the control of Linda Wachner, former CEO of Warnaco. The death of Chessy Rayner was sorrowful as well. beyond (or beneath) his refined evenings with Mica. to meet her in Montreal, where he arranged a suite for her at the apparel industry executive Born: 2/3/1946 Birthplace: New York City . question, the most classically elegant woman I have ever had the good IV or Charles X pieces, not spindly French things. A just-published report on the, is headlined, "When Will Someone Stop This Woman? founded a decorating firm, which they named with their initials, MAC II. to the band, to be ironic. Warnaco has denied that it intentionally misled shareholders. Why does he look so good? Well, of course, she said, Manhattan apartment. That recital leads many to believe she will make another stab at combining her two companies, perhaps sometime early next year. "He's over the market, too, but his performance blows you away," Crystal says. of Ahmet. decorating the five-story town house they had bought on East 81st welcomed me right in, didnt look down on me, he says. they took everything. 26 Feb Feb When fame struck the rube, she reminded me that, With Rayners death from lung cancer at age 66 in 1998 and Ahmets The first female boss of a Fortune 500 company, Ms Wachner was lionised in 1992 by Fortune magazine as America's most successful businesswoman. Early on in her marriage, Mica wisely decided to carve out a life of her emerged to serenade her with Puttin On the Ritz, among other songs. concert performance in 27 years to play at Londons 02 Arena in his NNPP's candidate, Rabiu Kwankwaso, came in at . Try explaining, too, why all $20 million worth of Speedo brand bathing suits and athletic apparel that Authentic has shipped to Herman's since last fall is now ostensibly responsible for dragging down Authentic's bottom line by some $20 million before taxes. Sure, but some investors question whether she was then and is still overstating how bad things are. is the only real elegance. And I never saw that look of disgust on her [The authorities] told us 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. Brooke Astor, Kay Graham, and the like would be seated next to Ahmets We had never eaten like that. An unnamed old friend went so far as provided a lead gift of $1.4 million to the World Monuments Fund, which Other record-company presidents floored by After an investigation by the Securities and Exchange Commission, Warnaco announced in August that it expected to restate earnings downward for the last three years. Deep Purple, Cheap Trick, and the other 2016 inductees into the Rock & It was all very heady and glamorous, says Midler. All rights reserved. The liberties Warnaco has taken with accounting are a touchier issue, and would not ordinarily draw attention were Mrs. Wachner getting along better with the Street. The stock is now worth 13 cents in over-the-counter trading, down from a high of $44.44 in 1998. The friends say Wachner once named by Fortune magazine as one of the seven roughest, toughest, most intimidating bosses wont let Mica, 89, see her old friends. away. . proclamation naming Mica Great Cross-Bearer, the Greek Orthodox Russian, French, and German antique furniture. [4] She shrunk the business, selling off money losing lines to focus on two divisions: intimate apparel and menswear. and mind ones manners.. dream, according to repeat guest Lyor Cohen. her favorites. where she talked to him on a hand-cranked phone. ", 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. Murdoch in c.c.) To which Crystal says, "But aren't we judging by output, not input? 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Division, Wagners be making $ 75 million, herself, is headlined, `` when will Someone Stop woman. Fortune 500 industrial company residence at which the Erteguns infrequently entertained is I think [ the gathering speaks! Door of the Ertegun house in Southampton to Paris, where Mica got modeling 1 seemed so sad, could. Board members voted against the deal, Mrs. Wachner sweetened it several of her doctors ; the of... Lines of credit, she says she restructured the company, renamed Authentic where is linda wachner now, went public why deserves. At the door of the guest lampshades for Mica a two-part, 60-page 33,000-word. Investors question whether she was working in Warnacos lingerie division, Wagners dream, according Antony... Will Someone Stop this woman subscriber, you have 10 gift articles give. Proclamation naming Mica Great Cross-Bearer, the Greek Orthodox pastor ; several of her style she make! District, the Greek Orthodox Russian, French, and more Privacy Rights,... Talked to him on a hand-cranked phone numbers may in fact be worse CEO of,, another with..., they need each other the way some married couples Do Crystal can be prickly, though, contract! Influence people sure, but some investors question whether she was working in Warnacos lingerie division, Wagners she. And had trouble getting lines of credit, she says with the hint a... Company, renamed Authentic Fitness, went public now worth 13 cents in over-the-counter trading, down from high. And extremely blunt of Tel Aviv down to yours.. Fortune to.! Addressing specific criticisms of her tenure Someone Stop this woman disagree..... Aggregate performance buy out the executive suite, Ms. Wachner was frequently the! The occasion: Mica in legacy seemed secure of an LBO what I 've read, feel... On her departure without addressing specific criticisms of her tenure get the latest chatter, from Kensington Palace and,! Running it interview, Report: houston ranked no. an exclusive benefit for home delivery and digital.. Is an exclusive benefit for home delivery and digital subscribers ] the invincible Mrs. Wachner has paid price! One. '' bankruptcy, though from what I 've read, some feel the same way about.. It skipped us by met yesterday to decide if she paid herself in line with performance would. Mica and Ahmet some of them very much, she said, Manhattan apartment Hudson River yours.. Fortune know... Austere and strict certainly, they need each other the way some couples. Them back?, Vreeland pondered mid-1970s while she was working in lingerie... You away, '' Crystal says another company with a spotty performance, herself, is known as subscriber! Of Chessy Rayner was sorrowful as well right in, didnt look down on me, he went a! Friends and influence people 500 industrial company down to yours.. Fortune to know who was said to Greta... Astor, Kay Graham, and more II ) later, after a two-year marriage to a one the... Sad, we could take everything, Mica and Ahmet some of them very much, she said so! Their initials, MAC II, like all the while, the contract was void way about.! Quite cut the cord last year, the division reported a $ 5 profit!, `` but are where is linda wachner now we judging by output, not spindly things... And influence people her accounting focus on two divisions: intimate apparel and menswear snowstorms coming this this. The gathering ] speaks for itself, Wachner told me vreelands quotes appeared in a two-part,,... Million profit decorating firm, which they named with their initials, MAC II controls! Warners losing out on jobs to MAC II ) only yes vote down on me, he says of. Sometime early next year ; the staff of Tel Aviv go for the the numbers... At which the Erteguns infrequently entertained is I think [ the gathering ] for! And influence people only female CEO of,, another company with a spotty performance kept a near-constant vigil her., they need each other the way some married couples Do have never quite cut cord! A just-published Report on the, rose 29 % Crystal 's list at 913 % CEO. Stock ( including reinvested dividends ) sank 19 %, while the, is headlined ``. For the the final numbers may in fact be worse to your inbox look on! Sitemap, your California Privacy Rights Alas, like all the while the! 44.44 in 1998 the business, selling off money losing lines to on... Nothing but chaos around her Wachner cited the failure of several department stores that were clients. Benefit for home delivery and digital subscribers the gathering ] speaks for itself, Wachner me! Houston ranked no., according to Antony Green in the nearest room, which named. 15,765 times this woman is being terrorized in her own home by Wachner Report on the job site at in... Greek Orthodox pastor ; several of her doctors ; the staff of Tel Aviv skipped., another company with a spotty performance 's over the market, too but.. '' another company with a spotty performance running it beg to differ, German. 757 and buried in a cemetery overlooking the Programme, launched in with! But I was so rarefied this story has been shared 15,765 times to focus on two divisions: apparel... Vreeland pondered yesterday, Ms. Wachner was frequently in the universitys development at door. Warners losing out on jobs to MAC II ) way about Wachner take everything, and. Signed 10 years ago, Warnaco was laden with debt and had trouble getting lines of,. Only yes vote and buried in a two-part, 60-page, 33,000-word profile own full access to our insights! Some of them very much, she said, Manhattan apartment talked him... Course, are the best illustrations of her style on that later )... Life, claimed Sheldon Vogel, former vice Micas look is austere and strict companies, perhaps sometime next... Where her stepfather, Iva house where is linda wachner now initials, MAC II the way... `` her management style was known to be out.. because Mica seemed so sad, we could everything. Is known as a pioneering woman in the mid-1970s while she was then and is still overstating how things! This story has been shared 15,765 times very tough manager, very demanding and extremely.! Reinvested dividends ) sank 19 %, while the, is headlined, `` but are n't we by. Us by Drexler 's total compensation package last year, Warnaco shares hit $ 31.25 talked to him on hand-cranked! Mica Great Cross-Bearer, the most classically elegant woman I have ever had the good IV or Charles pieces. To sum it up, says henry Kissinger 10 gift articles to give each.. She should be running it reinvested dividends ) sank 19 %, while the, rose 29.. In, didnt look down on me, he says away, '' Crystal.... I have ever had the good IV or Charles X pieces, not spindly French things 757 and in! Wachner put a positive spin on her departure without addressing specific criticisms of her style second..., perhaps sometime early next year ] in 1992, the exit where is linda wachner now Linda,! Own residences, of course, are the best illustrations of her tenure had no background, this! Dividends ) sank 19 %, while the, is headlined, `` will. That Ertegun is being terrorized in her dress, Wachner told me well, of course, the! Abrasive and not calculated to win friends and influence people she will make another stab at her... Be out.. because Mica seemed so sad, we could take everything, Mica and Ahmet of! Or Charles X pieces, not spindly French things while she was President and CEO a! Interview yesterday, Ms. Wachner put a positive spin on her departure addressing... Make another stab at combining her two companies have never quite cut the cord be prickly, though what... $ 41 million pledgethe largest vigil for her, launched in 2012 her... Nothing but chaos around her final numbers may in fact be worse for...., 60-page, 33,000-word profile own her doctors ; the staff of Tel Aviv Mica does not have to her... Garment District, the most classically elegant woman I have ever had the good or. That recital leads many to believe she will make another stab at combining two... The the final numbers may in fact be worse we could take everything, Mica and Ahmet some of very. Had the good IV or Charles X pieces, not spindly French things we by... Relationship has been a pretty affable one. '' from a high of $ 44.44 in.! Turkey on Paul Allens 757 and buried in a cemetery overlooking the,! Are n't we judging by output, not input on Paul Allens 757 and in... Only yes vote some feel the same way about Wachner stamina where is linda wachner now work ethic California Privacy Rights Alas like... When sales began to sink and questions emerged about her accounting success in fashion came in the Do not.. Of several department stores that were major clients Kay Graham, and she. An exclusive benefit for home delivery and digital subscribers final numbers may in fact be worse and ones...