Advertisement
YOU ARE HERE: LAT HomeCollectionsJean Marie Messier
IN THE NEWS

Jean Marie Messier

FEATURED ARTICLES
BUSINESS
March 30, 2004 | From Associated Press
Jean-Marie Messier, the beleaguered former chief executive of Vivendi Universal, asked Monday to be placed under investigation in a judicial probe into alleged share price manipulation by the French media and entertainment company. Messier, who left Vivendi in July 2002, said in a statement that he accepted responsibility for a share buyback the previous year, which the company's accusers say broke French stock market laws.
ARTICLES BY DATE
ENTERTAINMENT
June 28, 2012 | By Meg James
Jean-Bernard Lévy, the chairman and chief executive of the French telecommunications company Vivendi, stepped down Thursday following a disagreement with the company's board. The company, in a statement, described the tension as "a divergence of views on the strategic development of the group. " News reports and financial analysts suggest that the board has been embroiled in a debate about whether to carve off assets or break up the company, which consists of European pay-television operations, including France's popular Canal+, Activision Blizzard video game company, Universal Music Group, and phone and Internet services.
Advertisement
BUSINESS
October 11, 2003 | From Associated Press
A Paris court will hear testimony next week on former Vivendi Universal Chief Executive Jean-Marie Messier's contested severance package, a lawyer said. Current CEO Jean-Rene Fourtou and board members including Edgar Bronfman Jr. have been asked to appear Monday, lawyer Jean-Bernard Thomas said.
ENTERTAINMENT
June 25, 2012 | By Meg James
The French media company Vivendi has vowed to appeal the verdict of a federal jury that determined it must pay the American media conglomerate Liberty Media about $950 million in a dispute that dates back to Vivendi's 2002 financial collapse. Liberty Media contended that Vivendi, under its former chief Jean-Marie Messier, fraudulently concealed the dire nature of the company's finances and liquidity from Liberty Media and other investors. Vivendi agreed in December 2001, amid much fanfare, to buy the lucrative USA cable network, the Syfy channel and USA's robust television production studio, assets then managed by Barry Diller, in a stock and cash deal estimated at $10 billion.
BUSINESS
December 8, 2004 | From Associated Press
French regulators fined Vivendi Universal and its former boss Jean-Marie Messier nearly $1.4 million each for deceiving investors with inaccurate financial communications. The Financial Market Authority's ruling cleared Messier of insider trading but found that he consistently misstated cash flow in 2001-02 and used false accounting to hide the true level of the media conglomerate's debt. Messier's lawyer said his client would appeal the fine.
BUSINESS
January 25, 2003
National Century Financial Enterprises Inc., which provides financing for health-care providers, said it would halt operations in the next few months because its debts are too large to allow it to emerge from bankruptcy protection. Jean-Marie Messier, former chief executive of Vivendi Universal, resigned from the board of the New York Stock Exchange. Messier joined the board of the exchange in 2001 when he was running Vivendi, which is listed on the NYSE.
BUSINESS
April 11, 2003 | Richard Verrier
French bank BNP Paribas denied that it incorrectly accounted for the shareholdings of former Vivendi Universal Chief Executive Jean-Marie Messier in December 2001. The bank, which tracks share sales of Vivendi directors, issued the statement after Messier complained that Vivendi had incorrectly suggested he sold more than 200,000 shares in the first half of 2002, instead of late 2001. Messier has blamed an administrative error at the bank.
BUSINESS
February 8, 2008 | From Times Wire Services
Warner Music Group Corp. Chairman and Chief Executive Edgar Bronfman Jr. faces preliminary charges of insider trading in France as part of a probe into alleged wrongdoing at French media and telecom group Vivendi , judicial officials said. Bronfman, former executive vice chairman of Vivendi, is suspected of insider trading in connection with a sale of Vivendi shares in January 2000, the officials said, speaking on condition of anonymity because the investigation is ongoing. Bronfman's lawyer said his client "has cooperated fully with French inquiries" and has not violated any French laws.
BUSINESS
July 5, 2003 | From Bloomberg News
An association of French shareholders said it would challenge the decision by a tribunal to award $23.5 million in severance indemnities to former Vivendi Universal Chief Executive Jean-Marie Messier. The Assn. for the Defense of Minority Shareholders will take legal action in the United States and in France to oppose the June 27 decision by an arbitration tribunal in New York, Colette Neuville, head of the association, said Friday.
BUSINESS
September 27, 2002 | From Bloomberg News
Vivendi Universal plans to sell its 2,500-piece art collection, which includes works by Pablo Picasso and Joan Miro, and the New York apartment of former Chief Executive Jean-Marie Messier. The sale of the art and the 5,300-square-foot apartment Vivendi bought for $17.5 million last year is a small part of the company's plan to shed assets worth $11.7 billion by 2004. Other assets slated for sale include corporate jets, an Airbus and a Paris soccer club, new CEO Jean-Rene Fourtou said.
BUSINESS
January 30, 2010 | By Richard Verrier
The rise and fall of Jean- Marie Messier's debt-ridden media empire is an old story in Hollywood, but the company's shareholders are still smarting over their losses. A jury in U.S. District Court in Manhattan offered them some consolation Friday, finding that Paris-based Vivendi misled investors about the company's financial health from 2000 to 2002. The federal jury found the company liable on all 57 counts of violating U.S. securities laws stemming from one of several class-action lawsuits brought by angry shareholders.
BUSINESS
February 8, 2008 | From Times Wire Services
Warner Music Group Corp. Chairman and Chief Executive Edgar Bronfman Jr. faces preliminary charges of insider trading in France as part of a probe into alleged wrongdoing at French media and telecom group Vivendi , judicial officials said. Bronfman, former executive vice chairman of Vivendi, is suspected of insider trading in connection with a sale of Vivendi shares in January 2000, the officials said, speaking on condition of anonymity because the investigation is ongoing. Bronfman's lawyer said his client "has cooperated fully with French inquiries" and has not violated any French laws.
BUSINESS
December 8, 2004 | From Associated Press
French regulators fined Vivendi Universal and its former boss Jean-Marie Messier nearly $1.4 million each for deceiving investors with inaccurate financial communications. The Financial Market Authority's ruling cleared Messier of insider trading but found that he consistently misstated cash flow in 2001-02 and used false accounting to hide the true level of the media conglomerate's debt. Messier's lawyer said his client would appeal the fine.
BUSINESS
June 25, 2004 | Richard Verrier, Times Staff Writer
Two years ago, Jean-Marie Messier slept in a $17-million penthouse on New York's Park Avenue. Monday night, he slept on a mattress on the floor of a tiny room inside a detention center in Paris after a day of interrogations by France's financial investigative brigade. "It was reasonably uncomfortable, but it was clean," the former chairman of the Vivendi Universal media empire said Thursday in his first interview since being released.
BUSINESS
March 30, 2004 | From Associated Press
Jean-Marie Messier, the beleaguered former chief executive of Vivendi Universal, asked Monday to be placed under investigation in a judicial probe into alleged share price manipulation by the French media and entertainment company. Messier, who left Vivendi in July 2002, said in a statement that he accepted responsibility for a share buyback the previous year, which the company's accusers say broke French stock market laws.
BUSINESS
October 11, 2003 | From Associated Press
A Paris court will hear testimony next week on former Vivendi Universal Chief Executive Jean-Marie Messier's contested severance package, a lawyer said. Current CEO Jean-Rene Fourtou and board members including Edgar Bronfman Jr. have been asked to appear Monday, lawyer Jean-Bernard Thomas said.
OPINION
July 5, 2002
Clint Eastwood's line, the one about a man having to know his limitations, comes to mind in the wake of Chief Executive Jean-Marie Messier's abrupt departure after less than two years at the helm of Vivendi Universal. The 45-year-old Frenchman became the latest leading man to be ridden out of town, blinded by Hollywood's bright lights.
BUSINESS
June 27, 2002 | From Reuters
Vivendi Universal's chief executive moved Wednesday to restore investor confidence and save his job as the media giant's shares went on another roller coaster ride. After surviving a charged board meeting this week, Jean-Marie Messier set to work with the first of a series of bimonthly conference calls with analysts intended to fend off criticism about his stewardship. He said he had no plans to leave.
BUSINESS
September 25, 2003 | From Times Staff and Wire Reports
The Securities and Exchange Commission won a court order Wednesday blocking a $22.9-million severance payment to former Vivendi Universal Chief Executive Jean-Marie Messier while the agency probes the media conglomerate. U.S. District Judge Kevin Duffy in New York barred Vivendi from transferring funds to Messier. The SEC had asked Duffy to order the company to put the payment in an escrow account.
BUSINESS
September 17, 2003 | Richard Verrier, Times Staff Writer
The Securities and Exchange Commission on Tuesday asked a federal judge in New York to block a $23-million severance and bonus payment to Jean-Marie Messier, the former chairman of Vivendi Universal. The unusual action by the SEC, which is investigating Vivendi and its former officers for possible violations of U.S. securities laws, came one day after a New York state Supreme Court judge ordered Vivendi to pay Messier the money.
Los Angeles Times Articles
|