Associate Editor Arielle Christian wrote the 14-pager in the July issue, and it’s still brilliant.
Ali tribute cover.
He has a “death clock.” It’s Austrian artist Werner Reiterer‘s “My Predicted Timeline. “The piece looks like a large alarm clock — a black bulky box with LED-red digital numbers — but instead of time to wake up, it’s time never to wake up again.” Reiterer based Wilson’s predicted time of death on an actuary test. (Wilson’s 68.) If the clock is right, on May 27, Wilson had 11 years, eight months, 18 days, zero hours, 52 minutes and 34 seconds left.
He has a tattoo on the middle of his forearm. It’s a green four-leaf clover outlined in black.
Wilson and Lee
The 21c Museum Hotel chain he founded with his wife Laura Lee Brown, the Brown-Forman heiress, has 1,000 employees, and more than 60,000 square feet of exhibition space. “I never expected it to be such a big enterprise, to have people identify with it so strongly,” he says. The first week the giant “David” statue was installed outside the flagship hotel on West Main Street, “an incensed woman wrote a letter saying she’d never be able to bring her 12-year-old daughter downtown again.” There are three more 21cs in the works, in Kansas City, Nashville, and Indianapolis. Other possible locations include New York City, New Orleans and Cuba.
At the 2014 Art Basel fair in Miami, Wilson bought $117,000 worth of art in less than 40 minutes.
Growing up on his father’s Wickliffe farm, he was allergic to everything: hay, corn dust, animal dandruff. He would not be a farmer, disappointing his father, a man who came from a family of them. “Even though he’s dead now,” Wilson says, “I’m still trying to prove to him that I’m good enough. I don’t think that will ever change.”
He bought his famous red eyeglass frames on a whim in Paris. But he doesn’t see well enough to read much because he has Fuchs’ dystrophy, which is partly why he has a driver to get around, and needs someone to read restaurant menus to him.
It’s Cooper’s Craft, which Brown-Forman first announced in April. The new brand reflects the value the Louisville-based spirits giant places on building its own barrels, and the flavor good wood adds to the final mix.
BF and Louisville Magazine are hosting the launch party Friday, July 8, from 6 to 8 p.m. at The Pointe, 1205 E. Washington St. in Butchertown. Tickets are $20, which includes three drinks, live music by the Whiskey Bent Valley Boys, plus a barrel-raising demonstration. Details here.
Brown-Forman established its own cooperage in 1945 and to this day, is the only major distiller to build barrels at its own in-house cooperage, as this video explains:
A news summary, focused on big employers; updated 7:40 p.m.
In this most current board photo, retiring directors are Martin Brown (fourth from left); James Welch (seated, eighth from left), and Sandra Frazier (seated, 11th from left).
BROWN-FORMAN shifted its 13-member board of directors, electing Campbell Brown, Marshall Farrer, and Laura Frazier, effective today. The company also announced a regular quarterly dividend, and a special two-for-one stock split for both voting Class A and non-voting Class B shares. The split shares are expected to be issued to stockholders of record around Aug. 8, and distributed about Aug. 18 (press release). This is the 12th split since shares were first listed in 1933 after Prohibition’s repeal; the most recent was a three-for-two in July 2012. (Dividend history.)
The three new directors are all fifth-generation descendants of George Garvin Brown, who founded the distiller in 1870. “This election continues a multi-year evolution of Brown family representation on the board,” the company said. “As part of this process, Martin S. Brown Jr., Sandra Frazier, and management director James Welch Jr. — who’s retiring as vice chairman on Tuesday — have elected not to stand for re-election at the annual stockholders’ meeting in July” (press release also includes bios of new directors). Brown-Forman said the directors’ decision to exit the board wasn’t due to a disagreement with the company (SEC filing).
Laura Frazier
The company didn’t disclose the new directors’ ages; those retiring are in their 40s and 50s. (Executive and board profiles.) Today’s moves were not unexpected; the Brown descendants effectively control the company through their ownership of more than 50% of the Class A voting stock, and have historically voted as a bloc (2015 proxy report). Of particular note, Laura Frazier is owner, chairman, and past-CEO of Bittners, the more than 160-year-old high-end interior design firm on East Main Street in NuLu. At the end of trading today, Class A shares closed at $104.21, down 25 cents.
KINDRED just filed a raft of documents disclosing stock awards to members of the board of directors (SEC filings; look for all Forms 4 on today’s date). Also, the hospital and nursing home giant disclosed the breakdown of yesterday’s shareholder vote tallies at the annual company meeting; no surprises (SEC filing). Yesterday, Kindred had only reported that stockholders approved the executive compensation plan, and re-elected the full slate of 11 directors to the governing board — but without providing details.
KFC Canada says a much-loved, one-of-only-two-left, all-you-can-eat buffet-style restaurant in Weyburn, Saskatchewan, won’t be shut down after all — yet, anyway. Residents had taken to social media this week when rumors circulated the buffet was a goner. A sit-in was planned for yesterday. Even high government officials got involved: Saskatchewan Premier Brad Wall took to Twitter (see below) on Tuesday, asking Yum to reconsider. The Weyburn KFC buffet was the first to open among the Canadian franchises in 1988; there’s now just one other left, in Saskatchewan’s Humbodlt (Global News).
Elsewhere in KFC land, actress Ann Hathaway jokingly compared comedian James Corden to a 16-piece you-know-what during a rap battle on The Late Late Show last night. “You look like a KFC bucket with a lot of extra breasts,” she said (Express).
UPS and its 2,500-member Independent Pilots Association union are making progress on bargaining a new contract (Courier-Journal). The pilots have been working under the terms of their previous contract for five years, and the union late last month set up a strike center here in Louisville.
GE: Qingdao Haier Co. has launched India’s first 44-lb. capacity washing machine. The Chinese company’s pending $5.4 billion purchase of Appliance Park is expected to close this summer (Newkerala and Courier-Journal).
Ramsey
In other news, the University of Louisville Foundation paid President James Ramsey $2.8 million in 2014, according to its newly disclosed IRS tax return (WDRB). The return “appears to belie Ramsey’s claim last year that his compensation in 2013 was an anomaly” (Courier-Journal). The disclosure came one day after a published report that the foundation lagged many other Kentucky school foundations in annual investment performance.
Finally, Louisville Magazine has released the finalists in its annual Best of Louisville awards for businesses and individuals (Louisville).
News about business and culture in Louisville, Ky.