CHANEL ENDOWMENT: Chanel has donated $1.5 million to New York-Presbyterian Hospital, an endowment that will establish the Chanel Prize for Achievement in Obstetrics and Gynecology at New York-Presbyterian/Weill Cornell Medical Center. Additionally, the grant will support overarching clinical programs in the obstetrics and gynecology department, according to a hospital spokeswoman. Honors for outstanding achievement in obstetrics and gynecology will be presented at a public lecture and luncheon later this year, where recipients — who will be selected by a committee, including the obstetrics and gynecology department chairman, a Chanel representative and leading physicians and researchers in the field — will deliver presentations on their clinical and research work. In addition to the endowment, Chanel will donate gift bags containing Chanel cosmetics, skin care products and brochures on medical and infant care to all women who give birth at New York-Presbyterian/Weill Cornell. Some 6,000 babies are born there each year.

TOP OF THE LIST: L’Oréal chairman and chief executive officer Lindsay Owen-Jones was the highest-paid executive heading a firm listed on the CAC 40 index of French industrial companies last year, according to a ranking published in Le Figaro newspaper Thursday. Owen-Jones’ 2003 salary weighed in at $8 million at current exchange rates, or 6.6 million euros.

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