Word: cash
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Dates: during 1980-1989
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...that much more money is moving from debtor to banker than the other way around. In the past two years, 15 of the most indebted borrowers made a net transfer of $58 billion to their creditors. And it is not just commercial banks that have been collecting the cash. In fiscal 1988 the IMF took in $5 billion more in interest and principal payments on outstanding loans than it disbursed in new loans...
...board approved a sweeping $4.6 billion restructuring plan. Spurning the $4.4 billion Haft bid, as well as a follow-up $4.6 billion offer from Kohlberg Kravis Roberts, a New York City investment firm, Kroger's management proposed to sell off dozens of properties, slash costs and offer its stockholders cash and bonds worth up to $60 a share. Says Kroger CEO Lyle Everingham: "The company is not for sale...
Despite the wide range of high-paying jobs available, many Harvard students pass up the cash in favor of public service or career-oriented work, Homer says. She says her office often encourages students to seek paid and volunteer internships in hospitals and community centers...
Dingman spoke to remember Wilson, as well as to announce the creation of the Peter H. Wilson Memorial Scholarship Fund, which will be raised through contributions for three main purposes. A cash prize will be given each year to an undergraduate with a disability who exhibits Wilson's qualities of courage, brilliance, and kindness and has made a contribution to the life of the College. The recipient will then be granted a "wish list" of equipment he or she feels will aid disabled students here at Harvard...
...talks. Says Warren Christopher, who helped negotiate the 1981 release of the American hostages held in the Tehran embassy: "The essence of the matter is whether you make a concession that might imply you'd do it again and that encourages subsequent hostage taking." Payment of ransom, whether in cash or weapons and however disguised, does precisely that. On the other hand, a one- shot concession that in its nature could not be repeated would be less dangerous. Roger Fisher, who has advised the Government in previous hostage situations, says that the concession, if possible, ought to be something...