Wealthy, powerful people in the news:
Embattled telecommunications equipment giant
Lucent Technologies
revealed the severance package it will pay to
Richard
McGinnis
Richard McGinn
Deborah
Hopkins
Deborah Hopkins
More...
Bill
Gates
Bill Gates
Microsoft
Mario
Gabelli
Mario Gabelli
Gabelli Asset Management
More...
Fresh fruit distributor
Chiquita Brands International
has promoted president and chief operating officer
Steven
Warshaw
Steven Warshaw
to chief executive, effective immediately.
Carl
Lindner
Carl Lindner
More...
Talk about a smackdown. A British court found that
World Wrestling Federation Entertainment
should let go of the initials WWF and give up its Web address, according to the Hollywood Reporter. The court said that the firm, which is owned by
Vince
McMahon
Vince McMahon
, broke a 1994 contract to avoid naming confusion with the animal-friendly nonprofit organization World Wildlife Fund. McMahon's company, famous for wrestlers with names like Big John Studd and Superfly Jimmy Snuka, said it will appeal the ruling by Justice Robin Jacob. The Stamford, Conn., firm said it would have to cough up about $50 million to change its logo and Web site. The judgment is another blow this year to McMahon, who saw his XFL football league fail and watched his fortune dip under the $1 billion mark.
Spanish billionaire
Esther
Koplowitz
Esther Koplowitz
had 14 paintings--including masterpieces by and --stolen from her Madrid home, according to the Associated Press. The art theft is thought to be the biggest in the country's history. The thieves broke into Koplowitz's home and gagged the security guard after having deactivated the security system. Koplowitz, 52, was abroad on vacation during the heist. She runs Spanish construction giant Fomento de Construcciones y Contratas and has a net worth of about $1 billion.
News items can be submitted to Todd Jatras at tjatras@forbes.net or by calling him at (212) 366-8939.
More From Forbes
Bill Gates on Forbes World's Richest People
Esther Koplowitz on the Forbes World's Richest People
Carl Lindner on Forbes People Tracker
Forbes Faces: Richard McGinn
Vince McMahon on The Forbes Four Hundred Richest in America
Steven Warshaw on Forbes People Tracker
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