JIMMY LEE'S GLOBAL CHASE

摘要

In mid-1995, after making several acquisitions, Time Warner Inc. decided it needed to reduce its debt costs. Richard J. Bressler, the media giant's chief financial officer, went straight to James B. Lee Jr., head of global investment banking at what was then Chemical Banking Corp. Bressler had a difficult list of requirements. For starters, he wanted $8.3 billion, an unusually large chunk of change. And because of Time's prestige and size, he wanted below-market pricing. Recalls Bressler: "Without calling anyone back at his bank, Jimmy said, 'We'll be able to deliver on that,' and he did."