Home
Search transcripts:    Advanced Search
Notable New     Yorkers
Select     Notable New Yorker

Andrew HeiskellAndrew Heiskell
Photo Gallery
Transcript

Session:         Page of 824

evaluate--I believe it was, yes, I'm sure it was Lazard--to evaluate. Anyway, when we finally bought it, somebody said [laughter]--I think it was one of our directors--said: “Well, my boy, you spent it all now. From now on you're going to have to make decisions. You're going to have to do this or that, you can't go on doing everything.” [short silence.]

Q:

What about the price you paid for it?

Heiskell:

I think it was pretty good price, pretty fair price.

Q:

I'm going to quote you from Prendergast: “The Inland acquisition completed Time Inc.'s portfolio of forest products enterprises.” And then it goes on and on and on. And then it says: “However, the capital needs of the forest products operations were posing a problem for corporate finances. Even as the Inland Container acquisition was entrained[?], Heiskell and Temple were already talking of the possibility of spinning off all these ventures into a separate corporate entity.” Is that correct, and what was your thinking?

Heiskell:

Oh, I'm glad you reminded me. We got a feeler from the big forest company in Seattle--

Q:

Weyerhauser?

Heiskell:

Weyerhauser, yes--that indicated that they would be





© 2006 Columbia University Libraries | Oral History Research Office | Rights and Permissions | Help