Sign In
SHARE
Evelyn Davis and Rich Zannino: Frenemies Forever!
Kenneth Li was at the shareholder meeting where Dow Jones lost its independence and got sold to News Corp. To nobody's surprise, shareholder activist Evelyn Davis was there too, and decided to turn the event into a pop quiz for outgoing Dow Jones CEO Rich Zannino:
Davis: I had heard you're going to go back into retailing. Let's see how much Mr. Zannino remembers. I am wearing an outfit by a well known Italian designer, who has been around a lot. Can you tell me who the designer is?
Zannino: Let's see if I still have my touch. It looks like Valentino to me.
Davis: My God! You are right. You haven't lost your touch in retail. You would be a great CEO of Neiman Marcus and I hope you take it public again.
Davis did, of course, then follow up with the quite-reasonable observation that Zannino's $20 million golden parachute is "a little bit high for somebody who has been a CEO for only about two years". But hey, maybe it means that Neiman Marcus won't have to pay him so much!
Loading...
Thank you for registering as a Portfolio.com Insider. Your comment has been added.
Create Your Public Profile
- The Times' Rorshach Geithner Story
- Apr 27 2009 9:26AM EDT
- Sinking Animal Spirits
- Apr 27 2009 8:45AM EDT
- Counter-cyclical Urban Policy
- Apr 26 2009 10:00AM EDT
- Be Your Own Counterfeiter
- Apr 26 2009 9:36AM EDT
- Being Tim Geithner
- Apr 25 2009 12:37PM EDT
- Notes From a Press Conference Naif
- Apr 25 2009 9:41AM EDT
- What Good is the News?
- Apr 25 2009 8:32AM EDT
- Stressful Enough
- Apr 24 2009 2:29PM EDT
- Not Regretting the Pound
- Apr 24 2009 1:09PM EDT
- Introducing the New Ford Squeeze
- Apr 24 2009 9:47AM EDT
- Non-Economic Questions of the Day
- Apr 24 2009 9:12AM EDT
- The Stress Test Blind Alley
- Apr 24 2009 8:36AM EDT
- Happy Hour
- Apr 23 2009 9:40PM EDT
- Recovery Without Rebalancing
- Apr 23 2009 6:13PM EDT
- The Shape of Your Recession
- Apr 23 2009 5:11PM EDT
Archive
Categories
Links
- Email Ryan Avent
- Econospeak
- Financial Crookery
- The Epicurean Dealmaker
- Naked Capitalism
- Alphaville
- Marginal Revolution
- The Panelist
- FP Passport
- Overcoming Bias
- Andrew Leonard
- Barry Ritholtz
- Brad Setser
- Carbon Tax Center
- Calculated Risk
- Greg Mankiw
- Free Exchange
- Dean Baker
- Alexander Campbell
- Kash Mansori
- The Bayesian Heresy
- A Fistful of Euros
- John Quiggin
- Michael Mandel
- Lance Knobel
- Mark Thoma
- Dan Gross
- Curbed
- Streetsblog
- Chris Anderson
- Deal Journal
- MarketBeat
- DealBook
- DealBreaker
- Carl Bialik
- Michelle Leder
- Brad DeLong
- Ultimi Barbarorum
