Jay Penske Tells WWD Employees About the Money They've Been Losing
New York Times reporter Laura M. Holson has the details of meetings chaired by Jay Penske with Women’s Wear Daily staff the day after the announcement of his acquisition of Fairchild Fashion Media.
The meetings took place on Third Avenue, in a seventh floor conference room. But the number that jumps out from Holson’s article is much larger: $50 million, or the amount Penske told gathered employees that Fairchild has lost over the past five years:
Through a spokeswoman, Mr.
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