Crown Books chief to head Pearle
Glenn Hemmerle, chief executive officer and president of Crown Books Corp. since November 1992, is leaving to become president of Pearle Vision, an eye-wear retail chain owned by Grand Metropolitan PLC, the companies said yesterday.
Ronald S. Haft, president and chief operating officer of Dart Group Corp., Crown's majority shareholder, will be acting chief executive until a replacement is found for Mr. Hemmerle.
Sculley lands consultant job
John Sculley, once the high-flying chairman of Apple Computer Inc., has accepted a part-time job as a marketing consultant to the electronic imaging division of Eastman Kodak Inc., the company said yesterday. The relationship with Kodak represents something of a re-emergence for Mr. Sculley, who last year left Apple to join a small company on Long Island, Spectrum Information Technologies, only to depart in February, four months later, amid a flurry of lawsuits.
Phar-Mor mistrial laid to 1 juror
The federal court mistrial of Phar-Mor founder Michael I. Monus came down to one holdout juror who maintained an unflagging belief that Mr. Monus was innocent of any part of a $1.1 billion fraud at the Youngstown, Ohio-based company.
Yesterday, the FBI began an investigation as to whether the juror may have been bribed, as another juror contended. Gerald Messerman, Mr. Monus' attorney, called the allegation an insult to other jurors.
Motorola develops ultralight phone
Motorola Inc. has developed a cellular telephone that weighs less than a D-cell battery.
The 3.9-ounce telephone, named the MicroTAC Elite, can also be equipped with a chip that acts as a digital answering machine. It stores up to 75 seconds of messages.
The answering machine technology was developed by Information Storage Devices Inc., a San Jose, Calif., company that produces voice storage equipment. By pushing buttons, customers can listen, fast-forward or save the messages.
Hallmark selling cable division
Hallmark Cards Inc. said yesterday it is selling its Crown Media cable television business for $900 million to an alliance of cable companies.
The alliance is composed of Charter Communications Inc. of St. Louis and Marcus Cable of Dallas. Crown Media, a wholly owned FTC subsidiary of Hallmark, owns systems serving about 450,000 subscribers in 12 states.
Crown Media was created in 1991 when Hallmark bought cable systems owned by Cencom Cable Associates for about $1 billion.