Word: annually
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Dates: during 1980-1989
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When Financial World magazine published its annual list of Wall Street's 100 highest earners last week, no one was surprised to see junk-bond pioneer Michael Milken on top (1988 income: at least $180 million) and leveraged- buyout king Henry Kravis ($110 million) in third place. But who was this in the No. 2 position? A relatively unknown dealmaker named Gordon Cain, 77, took that spot by earning an estimated $120 million last year through his Houston LBO firm, Sterling Group...
Like St. Peter's, which the Protestants of 16th century Europe scorned as a scandalous extravagance, Our Lady of Peace is being maligned as an unseemly expense in a country with an annual per capita income of $650. Demands a devout Ivory Coaster: "Why build a church for God while there are so many unemployed and near starving?" The regime counters that the church was paid for entirely by private funds provided by Houphouet-Boigny and his sister and was built on land owned by the President...
Ivory Coast officials want the Vatican to provide the $1.5 million in estimated annual maintenance costs. Rome, however, was not consulted on the undertaking and thus feels no financial responsibility, though it may help supervise an international fund for the extraordinary edifice. Confides a Vatican official: "The size and expense of the building in such a poor country make it a delicate matter. But it is a project close to the President's heart, and he sees it as an experience of faith. We want to respect that...
City Council candidate Jonathan S. Myers, for example, estimates that Harvard's annual payments, based on the value of its tax-exempt land, should be closer to $6 million...
...Despite these shortcomings, Carson has enjoyed unprecedented affection from a notoriously fickle audience. His annual income is estimated at $20 million. For more than 25 years, a series of diverse personalities, including Dick Cavett, Joey Bishop, Joan Rivers and Alan Thicke, have tried in vain to depose him. Perhaps the best explanation for Carson's durability comes from the King himself. "If I had given as much to marriage as I gave to the Tonight show," he told the Los Angeles Times, "I'd probably have a hell of a marriage. But the fact is I haven't given that...