Word: bonus
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Fernandez was more than just another high school phenom. He was rewarded by being selected in the first round of last June's amateur draft by the Milwaukee Brewers, who offered Fernandez a $110,000 signing bonus and incentives to play professional baseball...
...president of Chris-Craft Industries, which is Warner's largest shareholder, controlling 19% of the company's stock. He and Ross do not get along, largely because Siegel disapproves of the way Warner spends money on generous executive compensation (for Ross alone in 1987: $4.5 million in salary and bonus) and corporate amenities like the six-bedroom Acapulco villa for entertaining movie stars. Siegel also apparently believes that Warner is being undervalued in the merger agreement. When the proposed deal came up before Warner's board for a vote, Siegel abstained, while all the other members approved. Time and Warner...
...Drexel Burnham Lambert and its junk-bond wizard, Michael Milken, the pretense is over and the divorce begins. In court papers filed last week, it was disclosed that Drexel has agreed to fire Milken and withhold his 1988 bonus, estimated at $200 million. Since the investment firm has already agreed to settle criminal-fraud charges against it for a $650 million penalty, denying Milken his money effectively reduces the fine by more than 30%. Milken's attorney, Martin Flumenbaum, castigated the settlement as a "violation of due process, a punishment without trial." Separate criminal charges against Milken for securities fraud...
...have to be as monetarist as they in fact were. And Reagan at the same time was criticizing us for being too easy. You know, some Democrats think we lost the election for Jimmy Carter. I've asked him about that. He never thought we were a net bonus to him. But I don't think he blames us for losing the election. I have great respect for the fact that he did not take the opportunity to criticize us more than he did. That changed a bit with some of the people around Mr. Reagan...
...will get a $100,000 bonus for winning the Cy Young Award, $100,000 for the MVP Award, $50,000 for the playoff MVP, $75,000 for the World Series MVP and $25,000 for being selected to the All-Star Game...