Word: benefited
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Dates: during 1990-1999
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...agreement a lot of huffing and puffing and a desperate ploy by Liggett boss Bennett LeBow to cut his losses and possibly force another cigarette maker to buy him out. Liggett's deal is transferable to any acquiring tobacco company except Philip Morris. "The only ones who potentially benefit from LeBow's latest shenanigans are plaintiffs' lawyers," said a joint statement from the four major cigarette makers (Philip Morris, R.J. Reynolds, Brown & Williamson Tobacco and Lorillard), who account for 98% of U.S. tobacco sales. Through the first nine months of 1996, Liggett had a net loss of $9.7 million...
Families of Penn applicants who make that kind of money won't get financial aid, but Penn generously reimburses its faculty members for their children's college tuition. This benefit alone cost Penn $11 million in fiscal 1994, according to its HHS application--equivalent to 617 tuitions at that year's rates. A General Accounting Office audit found that four major universities--M.I.T., Stanford, Johns Hopkins and Chicago--together spent $53 million on tuition reimbursement from 1991 through 1993 and charged one-third of it, quite legally, to federal grants. The audit found, further, that 21% of the employees...
Tenure remains sacred; so does tuition reimbursement. But John Fry, executive vice president for finance, questions whether Penn's reimbursement program should cover graduate as well as undergraduate studies, a generous benefit not often provided at other institutions. "We want to be market competitive," he says, "but at the same time, we shouldn't be excessive...
...toss that mortarboard in the air just yet. The President's plan could become part of the problem as well as part of the solution. Many education professionals fear that the scholarships, aimed at the middle class, would benefit too many families that don't need the help and encourage colleges to raise tuition even higher. "It's just plain hucksterism," says Robert Zemsky, director of the University of Pennsylvania's Institute for Research on Higher Education. "Lots of people told the White House and the Education Department that this was nuts. I imagine every treasurer of every private university...
However, Sjogreen managed to benefit from his young age as well...