Word: cash
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Dates: during 1980-1989
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...home near Palm Springs, Calif.? It is. And while nobody on Seventh Avenue needs the Chairman of the Board to tell them what they can taste between their own two lips, still it is gratifying, like an endorsement from the Queen of England. On the wall over the cash register, Sinatra's picture hangs next to the Pope's and St. Gerard's, a local patron...
...urgent call from the White House. National Security Council Aide Oliver North asked Texas Billionaire H. Ross Perot for $200,000 fast to rescue two American hostages in Lebanon. The billionaire immediately dispatched an associate who handed over the money to North in cash...
...North asked for $1 million more, to be handed over to someone who was supposed to bring five hostages to Cyprus by boat. A Perot courier flew to the island, sat around for a week waiting vainly for the hostages to show up, and returned with the cash. Although Perot was out $300,000, he is taking his loss philosophically. Says he: "I would rather try and fail than...
...Maxwell called it quits, long-suffering Allegis -- owner of United Air Lines, Hertz, and the Westin Hotels and Hilton International chains -- announced a ploy much like Harcourt's. The Allegis directors authorized a cash payment of $60 a share, worth some $3.5 billion. The move came two days after the New York City-based investment firm of Coniston Partners declared that it owned 13% of Allegis' shares and wanted to gain control of the 16- member board...
...take, however, was piddling compared with the amounts of PTL cash the auditors have been trying to trace. Supporters had sent in $50 million to build an addition to the PTL hotel at Fort Mill -- a project now in suspension -- but only $11 million was allotted to construction. The Bakkers have drawn salaries and bonuses of $4.8 million since 1984; they and top aides also picked up $640,000 in unexplained cash advances. One Bakker friend, James Taggart, got $120,000 a year to decorate Tammy and Jim's residences. Peter Teeley, Vice President George Bush's former press secretary...