Longtime views of Y&R?

Question

okay i heard that victor was once running jabot, since it was near bankrupcy, only as a favor to ashley. as per this clip: http://www.youtube.com/watch?v=tYNu3fG9cgk

now: 1. was he still controlling his own company? or did he have neil and his children running his, while he tried to make jabot a success?

Answer 1

Victor lost his ownership of Jabot.

It went back to the Abbotts.

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History of Jabot Cosmetics

Jabot has had a tumultuous history. In the early 1980s John considered following his son Jack's advice to sell Jabot but then changed his mind once he found out that the company offering to buy Jabot (Mergeron Enterprises) was owned by his ex-wife Dina Abbott Mergeron. A few years later Jabot had another shake up when after finding out his son Jack Abbott was having an affair with his younger wife Jill Foster Abbott he disowned Jack and fired him from Jabot. John filed for divorce and because he didn't want the facts about Jack and Jill's affair made public he gave Jill a divorce settlement that included 1/4 ownership of Jabot, an executive position worth $150,000 a year, and a seat on the Jabot Board of Directors. John replaced Jack with his new son-in-law Brad Carlton, who was a salesman to that point. Jill and Brad started the Jabot Men's Line and made it into a success. But after a while the job became too much for Brad to handle and so John hired Jack back.

In 1990 Jack convinced John to go public with Jabot, by selling shares of Jabot stock in the stock market. This backfired on Jack when his rival, Newman Enterprises, C.E.O. Victor Newman, bought enough shares to takeover control of Jabot. Losing Jabot caused John to have a heart attack and caused Victor to fire Jack and replace him with Brad. To get back at Victor, Jack married Victor's ex-wife Nikki Newman, before Victor could propose re-marriage to Nikki. Victor offered to give control of Jabot back to the Abbott family, if Jack divorced Nikki. Even though Jack had fallen in love with Nikki, he accepted Victor's offer out of guilt and loyalty to John. But Victor used a loophole in the contract and voided the deal. Jack did however return to work at Jabot. After Nikki found out Jack chose Jabot over her she started divorce proceedings. But after Jack saved her daughter Victoria's life and then finding out she was pregnant with Jack's child, Nikki decided to stay with Jack. Victor later married Jack's sister and Jabot's chemist Ashley Abbott.

A couple of years later Jack with Brad planned a hostile takeover of Newman Enterprises. But Victor found out about it and during a heated exchange Victor fired Jack and then collapsed. Jack walked over Victor and towards the door leaving him to die. But Jack used his better judgement and called 911, saving Victor's life.

After having confrontations with Ashley, Nikki, and his daughter Victoria, Victor went on a trip to the country to get away from his problems. Victor was robbed and carjacked and the man who did it ended up dying in a car accident in Victor's car. Everyone back in Genoa City thought Victor was dead and so Jack used "Victor's death" to his advantage and took over control of Newman Enterprises. This also meant he controlled Jabot as well. Jack appointed Brad head of Newman Enterprises. Months later Victor returned to Genoa City alive and well. Victor once again fired Jack for taking over control of Newman Enterprises and as a result John and Ashley resigned from Jabot. The Abbotts decided to create a new cosmetics company to rival Jabot. But because of Victor their loan application was denied and so their plans were halted. Jack then promised to stay away from Jabot if Victor hired John and Ashley back. Eventually Jack returned to Jabot as well.

Many years later Victor was missing and once again thought to be dead after his airplane crashed in New Mexico. Jack and Brad once again took over control of Newman Enterprises by changing spreadsheet numbers and packing the Newman Board of Directors with Jack's old flame and Victor's newest ex-wife Diane Jenkins and with her lawyer Michael Baldwin. When Victor returned it was tougher for him to rest control of his company away from Jack and Brad.

Answer 2

Victor was still running his company with the help of Neil and the children.  While Victor was at Jabot he became sick and that is when Jack took advantage of him.  Neil has been Victor's right hand man for some time now, that is why Adam is going to be in big trouble when Victor comes back.  He and Jack together really made Jabot a success again.  Jack and Victor are good together, but they just can not stand each other.