Jean-Marie Messier is a French businessman who was chairman and chief executive of the multinational media conglomerate Vivendi (formerly Vivendi Universal) until 2002. He is also frequently referred to by the nickname "J2M" and "J6M", based on his initials.[a]
Early life and education
Jean-Marie Messier was born in Grenoble, France, the son of an accountant.[1]
Messier was forced to resign from his position with Vivendi in July 2002,[5] after the company posted a non-cash loss of 13.6 billion euro ($US 11.8 billion) during 2001. During his time as CEO of Vivendi, Messier used corporate funds to buy a $17.5 million apartment for his personal use at 515 Park Avenue at 60th Street in New York City, the swank Arthur Zeckendorf development that was home to Senator Jon Corzine for a time. After he was fired, Messier tried to claim the apartment as part of his severance package, but was rebuffed.[6] However, he did receive 23.4 million dollars in severance from his former employer, Vivendi.[7] Messier then relocated to New York City to work as a business consultant.[8]
Prosecution and conviction
Messier was put on trial in France in 2011 and was found guilty of misappropriation of company funds and divulging misleading information when he headed Vivendi. He appealed the decision, and in 2014 the court overturned Messier's conviction on charges of misleading investors but upheld the conviction on charges of misuse of corporate funds.[9]
Footnotes
^One variant being "J6M" which stands for "Jean-Marie Messier Moi-Même-Maître-du-Monde" (Jean-Marie Messier, Myself Master of the World), an alliterative reference to his alleged great power during his time as chairman of Vivendi, coined by satirical show Les Guignols de l'info (which airs on French television channel Canal+, owned by Vivendi).