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Byline: Pete Born and Jennifer Weil
William P. Lauder on the Record
William P. Lauder, executive chairman of the EstA[c]e Lauder Cos. Inc., traveled to the palm tree-studded resort here to help open the Tax Free World Association's annual convention. His Q&A presentation Monday morning was billed as a talk on guiding a successful beauty company through highs and lows. And he got to show how quick he is on his feet.
In response to a probing question about being the descendent of a company's legendary founder while running what is now a publicly held company, Lauder responded: "We have an independent board of directors who …