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Ronald O Perelman

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BUSINESS
June 29, 1993 | JENNIFER PENDLETON, SPECIAL TO THE TIMES
In the risky business of television, Genesis Entertainment has managed to survive for a decade by avoiding big gambles. The Agoura Hills-based television syndicator and sometime producer has typically taken on only one or two projects a year. And by relentless salesmanship, it has never failed to sell the TV series it represents to TV stations around the country.
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BUSINESS
June 20, 2009 | Richard Verrier
Panavision Inc., the longtime supplier of motion picture camera equipment, has replaced Chief Executive William M. Campbell -- after just 10 weeks on the job. The Woodland Hills company, controlled by investor Ronald O. Perelman, said in a statement that William C. Bevins, a longtime associate of Perelman's, had replaced Campbell, the former president of Discovery Networks USA who also had been an executive at ABC, CBS and Warner Bros. Television.
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BUSINESS
December 22, 1989 | GREG STEINMETZ, NEWSDAY
When government officials sold dozens of failed savings and loans in the waning days of 1988, some thrift experts criticized the deals as too generous for the buyers and too rough on taxpayers. Now the numbers on one of the largest deals are in, and the critics are saying they were right. Ronald O. Perelman, chairman of New York-based Revlon Inc. and the country's fifth-richest person according to Forbes magazine, will recover $1.
BUSINESS
June 21, 2006 | From Bloomberg News
Panavision Inc. said a board committee had approved an $8.50-a-share offer from controlling stockholder and co-Chairman Ronald Perelman for all of its publicly traded stock. The offer by Perelman's MacAndrews & Forbes Holdings Inc. marks an increase from $8 a share, Woodland Hills-based Panavision, a maker of movie cameras, said in a regulatory filing. Perelman controls 97% of the company, according to Bloomberg data, and Sony Corp. owns 714,300 shares, or 1.8%.
ENTERTAINMENT
March 4, 2006 | From Associated Press
How do you get a stage named after you at Carnegie Hall? Donate. Donate. Donate. Carnegie Hall said Friday that it has named its main stage the Ronald O. Perelman Family Stage in recognition of a new $20-million endowment the financier has set up to support education and artistic programs.
BUSINESS
March 5, 1988 | GREGORY CROUCH, Times Staff Writer
Revlon chairman and corporate raider Ronald O. Perelman will spend up to $5 billion to acquire a major corporation, investors were told Friday, but the target company remains a secret. The announcement came in New York during the annual shareholders meeting of Burbank-based Compact Video, the company Perelman will use to make the acquisition.
BUSINESS
March 10, 1990 | From Associated Press
Federal regulators spent an estimated $890 million in taxpayer money to bail out a Texas savings institution in a sale to a thrift holding company controlled by financier Ronald O. Perelman. Perelman's holding company, on the other hand, is putting up only $10 million. The Resolution Trust Corp., created in August to dispose of failed thrifts, sold San Antonio Savings Assn. to First Gibraltar Holdings Inc.
BUSINESS
February 20, 1989 | From Reuters
Salomon Inc. Chairman John Gutfreund says the big Wall Street investment bank is well on the road to recovery from its recent troubles, and denies Wall Street rumors that it is contemplating a leveraged buyout. In a turbulent recent history, the firm's earnings have declined steeply since their peak in 1986 and it has seen the departure of a number of key executives, the layoff of about 1,000 employees and an unwanted investment by corporate raider Ronald O. Perelman.
ENTERTAINMENT
March 4, 2006 | From Associated Press
How do you get a stage named after you at Carnegie Hall? Donate. Donate. Donate. Carnegie Hall said Friday that it has named its main stage the Ronald O. Perelman Family Stage in recognition of a new $20-million endowment the financier has set up to support education and artistic programs.
BUSINESS
July 15, 2005 | From Bloomberg News
Billionaire financier Ronald Perelman lost an appeal of a lawsuit that accused him of diverting $553.5 million in notes issued by Marvel Entertainment Co. when he was its controlling shareholder. He now faces the prospect of a trial. Marvel, the world's largest comic book company before it filed for bankruptcy protection in 1996, publishes Spider-Man, X-Men and the Incredible Hulk comics.
BUSINESS
May 30, 1999 | JEFFREY GETTLEMAN, TIMES STAFF WRITER
Nine out of 10 Hollywood blockbusters end with the same three words: "Filmed in Panavision." In the 40 years since Panavision lenses were first affixed to movie cameras, the Woodland Hills-based company has become the tool of choice for top filmmakers worldwide. Its inventory of precision equipment is unrivaled. Its brand strength remains essentially unchallenged. But over the last year, Panavision Inc. hasn't performed like an industry leader. Quarter by quarter, it continues to lose money.
BUSINESS
February 7, 1998 | Bloomberg News
Some shareholders of Golden State Bancorp are asking a Delaware judge to stop financier Ronald Perelman from taking control of the California thrift in a $2.5-billion merger, saying investors are being shortchanged in the transaction. Perelman said Thursday his thrift, First Nationwide Holdings Inc., would take control of Glendale-based Golden State, the holding company for Glendale Federal Bank, in a reverse merger to form the nation's third-largest savings and loan.
BUSINESS
February 6, 1998 | JAMES F. PELTZ, TIMES STAFF WRITER
Gerald J. Ford, the man who helped engineer the proposed CalFed/GlenFed merger and would run the combined thrift, is an unassuming and soft-spoken Texan who's considered one of the craftiest deal makers in banking. Ford has spent the last 22 years buying, fixing and then selling an array of U.S. banks and thrift institutions, and for the last decade has done so with his deep-pocketed partner, billionaire financier Ronald O. Perelman.
NEWS
February 6, 1998 | DEBORA VRANA, TIMES STAFF WRITER
Glendale Federal Bank and California Federal Bank, two of the best-known names in the California banking business, announced Thursday that they plan to merge as part of a $2.5-billion deal that would create the nation's third-largest savings and loan. The proposed deal reflects another in a wave of consolidations that is sweeping though the nation's banking industry.
BUSINESS
March 18, 1992 | ALAN CITRON and JOHN LIPPMAN, TIMES STAFF WRITERS
Former Fox Inc. Chairman Barry Diller and Revlon owner Ronald O. Perelman have been regular lunch partners since the early 1980s, when the New York financier owned the Technicolor film lab. Heads turned, however, when the two recently showed up at the Grill in Beverly Hills. Perelman found himself cast as the backer du jour in Diller's next business venture--the nature of which is the subject of intense Hollywood interest.
BUSINESS
March 3, 1988 | GREGORY CROUCH, Times Staff Writer
New York corporate raider Ronald O. Perelman, who has been selling off the assets of Burbank-based Compact Video for the past three months, plans to use the company to raise $740 million for a major acquisition. Perelman, who is chairman of Compact Video, disclosed his intentions in filings with the U.S. Securities and Exchange Commission and suggested that acquisition could involve an expensive legal battle, but he did not say what company he intends to acquire.
BUSINESS
July 19, 1995 | Times Staff and Wire Reports
Billionaire, Former Aide Settle Dispute: Ronald Perelman reached a surprise settlement with former Chief Financial Officer Fred Tepperman, who said Perelman fired him because he had spent too much time with his ailing wife, court officials said. Perelman countersued, charging Tepperman with breach of contract and accusing him of refusing to return company credit cards and a Mercedes-Benz, among other items. Details of the settlement were sealed by Westchester County, N.Y.
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