Word: buyouts
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Harvard officials said this week that the University will take on a new role with RJR-Nabisco, the tobacco and consumer goods company recently taken over by Kohlberg, Kravis, Roberts and Company in the largest leveraged buyout ever...
...debates about proxy votes may be meaningless in the long run. Gray said this week that she thinks the RJR-Nabisco vote might be cancelled, while Peterson said he assumes "if there's any final vote, it's to approve the buyout...
Included in the three-year extension is a controversial "buyout" clause that requires the city to pay Healy's salary even if the council removes him from his post...
Councillor David E. Sullivan, the only council member to oppose the extension, said he could not support the contract because of the buyout clause, but added that he approved of Healy's performance...
...place of the buyout clause, Sullivan proposed an amendment that would offer Healy a six-month settlement in the event he cannot continue the job. The council defeated the amendment 4-3, with Sullivan, Councillor Francis H. Duehay '55 and Vice-Mayor Alice K. Wolf voting...