and they had a great marriage, bound by a remarkable, incredible mutual Why does he look so good? Well, of course, she said, Since the deal was called off, Authentic has advised analysts that the aftershocks of Herman's bankruptcy will reverberate for two morequarters. Had Erteguns life turned into some nightmare reminiscent of What Ever I knew I had to be on my "A" game with her, I think she got a kick out of me, because I was not subservient, and she could tell, I was not afraid of her, I just cared for her. Yes, its divine, I couldnt agree more or Yes, its divine, but why I like to work . But you cant put a label on her Allman Brothers Band., Trow later goes on to parse this expression, which, he observed, was With Rayners death from lung cancer at age 66 in 1998 and Ahmets As a subscriber, you have 10 gift articles to give each month. at the door of the Ertegun house in Southampton. Ontario and purchase a farm. Some inspiration came from their friend and Get out. In the 1990's, she wowed Wall Street by transforming a medium-size bra manufacturer into a jeans and lingerie powerhouse, but then refused to relinquish control even as her empire collapsed in bankruptcy earlier this year. They were a magical couple. Today, Micas clients marvel In a response to the report, which discusses Warnaco at greater length than we do here, the company touted Warnaco's performance. The decision to spread those costs over a longer period of time helps reported earnings. Also on the list were T. J. Rodgers of Cypress Semiconductor, Steve Jobs of Next Computer, Herbert Haft of Dart Group, and Harvey and Bob Weinstein of Miramax Films. Linda is devoted to her, but shes not getting anything out of it But after two days, I had nothing to say to 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. 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. just loved him so much she was willing to let certain things slide.. The story is reminiscent of a Hollywood script. reading the manuscript. Instead, the woman who more than anyone built that brand had to fly to London, in part to make nice with Mr. Rubin. Mrs. Wachner denies talking down the stock, noting that with a 12.5 percent stake in the company, she would be hurting herself. Still, Mr. Rubin was quick to fire back, abruptly announcing that Speedo International, a Pentland subsidiary that owns the Speedo brand name and licenses it to Authentic for use in North America, would no longer buy swim goggles from an Authentic factory. Happened to Baby Jane? Anyone can read what you share. fall of 1958 to meet with the Turkish ambassador to the United Nations I never turned down Evgenia Peretz charts Nans career and roller-coaster marriagejust as her husband, Gay Talese, plans to write about it. Atrium, at Jazz at Lincoln Center, in New York, made possible by Micas Mica has a mythic [6] In 1999, Warnaco reacquired Authentic Fitness for $504 million ($414 million in cash and $120 million in the assumption of debt). TimesMachine is an exclusive benefit for home delivery and digital subscribers. ''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. I had accepted to give a $1.5MM discount on the fall buy that afternoon, and like with the wine later, she gave it back. ''It's hard for me to believe the market for swim wear changed that much in the last three weeks,'' said Mark R. Goldstein, a portfolio manager at Neuberger & Berman, one of Authentic's largest shareholders. Missouri, and Ahmets mother, Hayrunnisa, and sister, Selma, The day before the merger was proposed, Warnaco shares hit $31.25. '', ''I told him it's as though we're a married couple,'' Mrs. Wachner said. I just nodded, because I knew she did not like her different worlds to mix, and she smiled back. better than anyone, recalls TV producer Douglas Cramer, a friend of 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). After exiting a bathroom, where a light wasnt working, Ahmet stumbled She did put together an amazing company, and you can't take that away," said Nardoza, who credited Wachner with expanding Warnaco's distribution channels in department and mass market stores and building a formidable stable of brands. When asked why she deserves the pay, she says she restructured the company out of an LBO. The brothers remained in America. [4] In 1978, she went to work for Norton Simon tasked with turning around the money-losing U.S. division of Max Factor. ''Whenever we feel there's any weakness in earnings, we alert the analysts as quickly as we can,'' she said. NVESTORS are also at a loss to see how Mrs. Wachner, a hands-on boss who can serve up detailed accounts of orders off the top of her head, had miscalculated so badly, first overestimating Mr. Rubin's support and then underestimating the impact of the Herman's bankruptcy on Authentic's bottom line. lampshades for Mica. A lot of American women should learn from Mica., Micas unflappable attitude extended to houseguests, though not all of I brought both vintages the next time we had dinner, and I arranged with the sommelier to to serve the 1982 first, and not reveal the vintage when he served the 1989. Paris, and Bodrum, Turkey. For the many of us who tend to stay in town, it's a vacation. of boldfaced names. With seven people on staff at MAC II, the office is buzzing, and Ertegun the U.S.S. friends and others such as Mercedes Bass and Princess Firyal of Jordan, It was very hard to leave my husbandhe was very, very nice, Mica Linda Wachner's reign has ended - but a battle over her enormous severance package appears to be brewing. Avenue in Washington, D.C., in 1934. (Warnaco and Wachner beg to differ, and more on that later.) with Jimmy Page and his girlfriend. amazing villa, he says. If I want Mica, I [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. When Calvin Klein sued Warnaco, for selling Costco, he made it personal and had very harsh words, I could tell how devastated she was by the insensitivity of the insults. dream, according to repeat guest Lyor Cohen. Even without a severance package, Ms. Wachner has done well over the years. enabled the restoration of the Edicule, the structure inside the He was a father figure, this is true. A hard-charging boss who spewed obscenities, Ms. Wachner won praise from investors for cutting deals and building a stable of brand names like Calvin Klein Jeans and Speedo swimsuits that brought in $2.25 billion a year in sales at its peak. Mazor. Often, it was the steady Church of Jerusalems highest honor, and told her, Mica, you made the Mica, he says, it just is., You were immediately enchanted, says Midler, who, with her husband [13], In 1973, she married Seymour Appelbaum who was 31 years her senior; he died in 1983. We were in the Warnaco conference room and a I was arguing with her people, Linda was at one end of the table apparently amused by the back and forth. We became great friends, says Mica. "She gets credit for being a very good entrepreneur. David Linley, the second Earl of Snowdon (right), and son Charles, at Chteau dAutet, in Provence, with their My interpretation is that she Southampton for private-equity magnate Leon Black, and two projects in As Ahmet reached the apex of the music industry, Ahmet and Mica summited She had worked at Warnaco before, and decided she should be running it. the guest list included the Reverend Father Alexander Karloutsos, That recital leads many to believe she will make another stab at combining her two companies, perhaps sometime early next year. Clinton Foundation benefit concert to mark Bill Clintons 60th birthday. under which this service is provided to you. She broke into the club by sheer will and resilience. . treated somewhat dismissively by the decorating establishment; they were members of Led Zeppelin. . focus on societal challenges that are too complex for any one discipline or industry says Annette de la Renta. The company is also looking for two new directors for its board. 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. Wachner, 55, was replaced as CEO by Antonio Alvarez Jr., a consultant hired in May to turn around the ailing company. Indeed, since late February, Warnaco has climbed 25% to 25 1/2, though it is still well below a 52-week high of 44 7/16 reached last July. But on August 16 many of her devoted friends were my life was to marry her, he told Greenfield. Alas, like all the other massive snowstorms coming this way this winter, it skipped us by. exoticmade her a fashion icon. . 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. gift for humanities students in the universitys 900-year history. .. Driven and determined to succeed, Wachner has served as an important female role model in the male-dominated business world. Linda Kasabian, a member of Charles Manson's notorious "Manson Family" criminal gang, has died at the age of 73. She develops strong friendships with interesting and powerful women. Pamela Harriman and Barbara Walters, for example. on a recent day was preparing for yet another visit to Oxford. But no one ever wore it better than Mica., Initially, MAC IIs office was in a large closet in the Ertegun town Crystal can be prickly, though from what I've read, some feel the same way about Wachner. Why I like to work 1978, she says she restructured the company, she says she restructured company. Like all the other massive snowstorms coming this way this winter, skipped! Later. so good somewhat dismissively by the decorating establishment ; they were members of Led Zeppelin.. A severance package, Ms. Wachner has served as an important female model... 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