Dynamic Duo: After in-vesting $5 million to help entrepreneur Robin Wolaner launch Parenting magazine four years ago, Time exercised its option in December to buy Wolaner out -- for about half of what experts say it would have cost on the open market. But the Wolaner-Time team is prowling for a new magazine. Says Wolaner, "Time is the dream partner."
At It Again: Two years ago, after a bitter breakup with partner Paul Hawken, Dave Smith left mail-order garden supplier Smith & Hawken. Today Smith is back with preventive health catalogs called SelfCare. For now, all Smith will say is he's "luring away as many Smith & Hawken employees as he can get his hands on."
Sleepless Nights: Richard Schein, CEO of Network Controls International, is still recovering from the perils of living next door to Jim and Tammy Faye Bakker, the dethroned leaders of the PTL. After long workdays Schein would pull into his lakeside retreat in Tega Cay, S.C., "for a little peace and quiet," only to find the press fanning out across his front lawn. But today life is calmer since "Jim left for Club Fed."
-- Elizabeth Conlin