The $25 million two-year deal that Chelsea Handler just chalked with the E! network says something about the enterprising queen of late-night TV talk. She sure knows how to negotiate.
Last month, when I interviewed Handler on stage at the Fortune Most Powerful Women Summit, she was in the middle of negotiating with NBC Universal's (CMCSA) E!--playing hardball, dropping hints that she might leave for a rival network.
When I asked her for her best negotiating tips, here's what she said:
"I don't listen to anyone or any advice because I know exactly what I want and how I want it."
And when an agent or a manager says, 'You can't ask for that...that's not done," what does Handler say? "Well, why don't you go ask?!"
"And then you get it," she said, instructing the MPW audience: "You have to ask for what you want. Just because there are parameters that have been set doesn't mean they can't be blown open."
For what it's worth (that is, $25 million), Handler's new contract with E! calls for her to continue to be host and executive producer of Chelsea Lately through 2014 and develop other projects through her company, Borderline Amazing Productions. Handler's company produces her After Lately, a spinoff show, as well as Chelsea Lately, which is the most-watched late-night talk show among female viewers, 18 to 34.
An increasingly valuable franchise at NBC Universal, Handler is, in addition to her E! deal, executive producing and appearing in Are You There, Chelsea?, a sitcom based on one of her best sellers, Are you There, Vodka? It's Me, Chelsea. The show will premiere on January 11.
Of course, a stand-up comic does not turn herself into a multi-media brand without rewarding the folks who helped her along the way. To celebrate her E! deal, Handler decided to give $1,000 cash to each of 138 staffers.
Yes, she is generous--and cunning too. "I probably shouldn't say this," Handler told me at the MPW Summit, going on to explain how she sometimes uses her staffers as negotiating bait to get sweet deals for herself. Here's Handler on her ultimate negotiating tip...
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What is the No. 1 trait that has led to your success?
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Getting ready to go on stage, I thought, what's my key trait? Curiosity, I guess. It keeps a journalist alive and open to ideas.
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Last Monday evening, in the backyard of her Silicon Valley home, Marissa Mayer stood before a crowd of 200 fellow Googlers and their significant others, fed them roast quail and herb-crusted roast bison loin, and feted them for going mobile.
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In every successful career there is a moment: You could quit. But you resist, wisely.
For Andrea Jung, the chairman and CEO of Avon Products (AVP), this moment happened right after college, when she was in the management training program at Bloomingdale's. All day everyday, there she was in the stockroom, switching vendor hangers for store hangers on thousands of pieces of clothes. "I remember calling my parents around Thanksgiving and MOREPatricia Sellers - Aug 9, 2011 2:20 PM ET
"How do you manage up?" asked a young woman from the audience at the Forté Foundation's MBA Women's Conference.
It was a bold question--and one that Kristin Peck, the fast-rising Pfizer (PFE) executive who was on the panel that I moderated, answered unabashedly.
Peck knows from experience. She is Pfizer's EVP in charge of Worldwide Business Development and Innovation, a perch that she reached only by surviving a slurry of management dysfunction MOREPatricia Sellers - Jul 28, 2011 5:00 AM ET
FORTUNE -- As the most powerful woman in children's television, Anne Sweeney meets a lot of girls who wish they were Selena Gomez or Miley Cyrus or tomorrow's superstar.
But Sweeney insists that she sees plenty of accomplished women in business who do that very same thing.
"I see a lot of women of every age trying to be something else," says Sweeney, the co-chair of Disney Media Networks and president of MOREPatricia Sellers - Jul 19, 2011 2:34 PM ET
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