Reported by Star-Bulletin staff & wire
Friday, March 19, 1999
Trustee's book examines co-leaders
David Heenan, Campbell Estate trustee and businessman, has co-authored a book that celebrates the contributions of lesser-known individuals to the success of more visible partners and organizations."Co-Leaders: The Power of Great Partnerships" ($24.95, John Wiley & Sons Inc.) was written by Heenan and Warren Bennis, a professor of business administration at the University of Southern California and consultant to governments and multinational companies. The authors say they wrote the book for chief executives, managers and others who are interested in successful organizations.
French companies in battle over Gucci
PARIS -- French luxury goods conglomerate LVMH Moet Hennessy Louis Vuitton offered to acquire all of Gucci Group NV if the Italian fashion group calls off its deal to sell a 40 percent stake to a French retailer for $2.9 billion. LVMH's offer for undisclosed terms came after Gucci announced today it had agreed to sell the stake to Pinault-Printemps-Redoute SA. Gucci said it would hold a board meeting Sunday to review LVMH's latest proposal. Pinault-Printemps' move for Gucci amounted to a slap in the face for LVMH's Chairman Bernard Arnault, who has spent the past month wooing Gucci.
In other news . . .
TOKYO -- AT&T Corp. and British Telecommunications Plc are close to buying a stake in Japan Telecom Co., adding a third partner to their $10 billion alliance and accelerating their entry in the Japanese market, a senior official at the Japanese company said.
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