Word: assets
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Tough Job. That should be good news for the 384,000 Teamsters who stand to collect pensions from the fund and who have watched their leaders fritter away a substantial amount of its assets. An examination of the fund's latest annual report, filed with the Government in December 1976, reveals a lopsided investment portfolio with $108 million in cash, $193 million-worth of common stocks and debt securities and a huge $833 million in real estate and mortgages. Equitable's tough job will be to change those investments so that real estate and mortgages represent no more...
Characters like Ivy are the salvation of many authors. Ivy epitomizes the calculating bitch without becoming a caricature. None of her actions strain credibility, and this is an asset for a plot that gets as cluttered as this one does. Ivy realizes her thwarted spinster dreams through Elesina. Anticipating or rather shaping the impact Elesina has on the Stein men, Ivy patiently builds the foundation for the power she knows Elesina eventually will wield. Disregarding the sacrifices the Steins and eventually she herself make for Elesina. Ivy engineers a divorce, schedules rendezvous for adulterers, sheds the appropriate number of tears...
...Hughes' 13-plane fleet of unused executive jets) and the sell-off of several divisions (prime candidate: a helicopter company). Lummis also hired Merrill Lynch to evaluate the market worth of the company; it came up with the shockingly low figure of $168 million. Critics charge that some assets were understated. Hughes' Silver Slipper casino, for which he paid $4.5 million, was valued at only $1. That appears to be a case of ultraconservative accounting practice: placing a nominal value on an asset whose worth is difficult to measure...
...years after Trudeau was elected Prime Minister for the first time; the rejoicing was akin to that for a royal coronation. After Trudeau successfully fought his third national election campaign in 1974, Margaret's cool yet sprightly presence on the hustings was judged to be a significant political asset...
...boys seem to have few emotional problems. "Scientists are stable introverts," says Stanley. "They are not highly impulsive and tend to act rationally." Furthermore, he adds, it has been "demonstrated empirically" that mathematically gifted boys become interested in girls much later in life. "This has been a great asset in the early-entrance program because it gives them more time to study," he says approvingly...