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The Ledger
(MONEY Magazine) – In the Black BILL CLINTON: Slick Willy bagged a $10 million advance for his autobiography--quite a windfall for a guy whose family's net worth before he became president was $700,000. ROBERT NARDELLI: Once a golden boy at GE, he was spurned in his bid to succeed Jack Welch as CEO. Nardelli quit to run Home Depot, and he's quickly revitalized it, boosting sales by $2 billion, to $14.6 billion, since 2000. UNIVERSAL PICTURES: The studio's raunchy movie American Pie 2--whose ensemble cast includes Jason Biggs (center)--raked in $45 million in its opening weekend. It's Universal's fourth No. 1 release in a row, including such artistic gems as The Mummy Returns. In the Red GENERAL ELECTRIC: The Environmental Protection Agency proposed that GE clean up the Hudson River to rid it of toxins the company dumped in the water for almost 30 years. GE, which has the right to appeal, faces an expected cleanup bill of $460 million. BERNIE EBBERS: WorldCom's profits have sunk, the stock has tanked and CEO Bernie has lost a ton borrowing against his stake. Still, he isn't broke yet: He pocketed a $1 million salary, $10 million bonus and scads of options last year. MICHAEL OVITZ: The once legendary agent now heads a beleaguered TV production firm. Ovitz, who is said to have lost tens of millions on failed production deals, has laid off half his staff. --KATHERINE Z. JOSEPHS |
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