Vivendi to Pay A&M Founders
For <A HREF="http://www.vivendi.com">Vivendi Universal SA</A>, when it rains, it pours. Just two weeks after chief executive Jean-Marie Messier ousted Pierre Lescure, the president of France's <A HREF="http://www.canalplus.fr">Canal Plus</A> television company—an event that caused demonstrations in the streets of Paris and paroxysms of nationalistic fervor among France's 18 presidential candidates—a complicated stock deal got vastly more complicated, resulting in a $250 million payment due to A&M Records founders Herb Alpert and Jerry Moss.