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Jean Rene Fourtou

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BUSINESS
March 7, 2003 | Richard Verrier, Times Staff Writer
Oil magnate Marvin Davis learned Thursday that he isn't holding the cards in his high-stakes bid to win control of Vivendi Universal's entertainment properties. Vivendi's chief executive, Jean-Rene Fourtou, called Davis' bluff, refusing to give the Los Angeles billionaire exclusive negotiating rights for the entertainment and theme park assets.
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BUSINESS
July 21, 2003 | James Bates and Richard Verrier, Times Staff Writers
The French love movies. But Hollywood's often-perplexing film business is another story, one that can leave them exclaiming, "Mon Dieu!" So Vivendi Universal Chief Executive Jean-Rene Fourtou is being very careful as the conglomerate, under the close watch of the French establishment, goes about extricating itself from an industry that has long bedeviled French companies.
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BUSINESS
March 6, 2003 | Richard Verrier, Times Staff Writer
For Vivendi Universal Chief Executive Jean-Rene Fourtou, deciding to exit Hollywood was easy. The hard part has been finding the door. Having staved off a financial crisis last summer, Fourtou is discovering there is no clean retreat from the flashy U.S. media empire that his predecessor built during a three-year buying spree. Several factors are complicating Fourtou's effort to settle the fate of the Paris-based company's U.S.
BUSINESS
March 7, 2003 | Richard Verrier, Times Staff Writer
Oil magnate Marvin Davis learned Thursday that he isn't holding the cards in his high-stakes bid to win control of Vivendi Universal's entertainment properties. Vivendi's chief executive, Jean-Rene Fourtou, called Davis' bluff, refusing to give the Los Angeles billionaire exclusive negotiating rights for the entertainment and theme park assets.
BUSINESS
September 24, 2002 | RICHARD VERRIER, TIMES STAFF WRITER
Throughout his career as a management consultant and pharmaceutical chief, Jean-Rene Fourtou developed a reputation as a single-minded executive skilled in rescuing troubled companies. Then he met Vivendi Universal. Fourtou, Vivendi's chief executive, has learned the hard way that fixing the giant media company is more complex and daunting than anything he could have imagined when he ran Rhone-Poulenc in the late 1980s and 1990s.
BUSINESS
July 21, 2003 | James Bates and Richard Verrier, Times Staff Writers
The French love movies. But Hollywood's often-perplexing film business is another story, one that can leave them exclaiming, "Mon Dieu!" So Vivendi Universal Chief Executive Jean-Rene Fourtou is being very careful as the conglomerate, under the close watch of the French establishment, goes about extricating itself from an industry that has long bedeviled French companies.
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.
BUSINESS
January 17, 2003 | From Bloomberg News
Vivendi Universal said it trimmed its debt by a third since July 1 to about $13.8 billion after the media company sold assets including U.S. publisher Houghton Mifflin Co. The Paris-based company has sold about $7 billion worth of assets since Jean-Rene Fourtou replaced Jean-Marie Messier as chief executive six months ago, Vivendi said.
BUSINESS
February 24, 2004 | From Bloomberg News
Vivendi Universal said allegations by an association of small shareholders that minutes of a board meeting were falsified were "completely groundless" and "libelous." The group, called Appac, has filed a complaint claiming the company's senior management forged documents. "There are no inconsistencies or falsifications in the minutes or extracts of minutes," Vivendi said.
BUSINESS
February 4, 2003 | Richard Verrier
Continuing the management upheaval at Vivendi Universal's pay-TV operation, Canal Plus Group Chairman Xavier Couture is expected to resign this week, sources close to the company said. Vivendi Chief Executive Jean-Rene Fourtou was said to be disappointed with Canal Plus' continued losses and had clashed with Couture, who was appointed last year after former Vivendi CEO Jean-Marie Messier fired Pierre Lescure.
BUSINESS
March 6, 2003 | Richard Verrier, Times Staff Writer
For Vivendi Universal Chief Executive Jean-Rene Fourtou, deciding to exit Hollywood was easy. The hard part has been finding the door. Having staved off a financial crisis last summer, Fourtou is discovering there is no clean retreat from the flashy U.S. media empire that his predecessor built during a three-year buying spree. Several factors are complicating Fourtou's effort to settle the fate of the Paris-based company's U.S.
BUSINESS
September 24, 2002 | RICHARD VERRIER, TIMES STAFF WRITER
Throughout his career as a management consultant and pharmaceutical chief, Jean-Rene Fourtou developed a reputation as a single-minded executive skilled in rescuing troubled companies. Then he met Vivendi Universal. Fourtou, Vivendi's chief executive, has learned the hard way that fixing the giant media company is more complex and daunting than anything he could have imagined when he ran Rhone-Poulenc in the late 1980s and 1990s.
BUSINESS
May 20, 2005 | From Associated Press
Vivendi Universal, one of Europe's biggest media companies, said its first-quarter earnings tripled, helped by a turnaround in its music and video game business. Net income jumped to 502 million euros ($634 million) from 166 million euros a year earlier, topping most analysts' forecasts. The results underscore a dramatic turnaround at Paris-based Vivendi, which came close to collapse three years ago. Since then, Chairman Jean-Rene Fourtou has sold off businesses to lower debt and lift earnings.
BUSINESS
March 28, 2003 | Richard Verrier
Vivendi Universal Chief Executive Jean-Rene Fourtou told a group of Universal executives Thursday that he hopes to reach a decision on the future of movie studio, theme parks and television properties by the summer. As he has said previously, Fourtou told about 300 executives at Universal Studios that he was weighing various scenarios, including a merger with another media company, a public offering or outright sale, a company spokeswoman said.
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