Word: cash
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...office breakout - perhaps the highest three-day gross of any film showing in fewer than 200 venues. "Look out, cuz there's a freight train coming," an executive from a rival studio told Deadline Hollywood's Nikki Finke, "and Paramount is going to make a TON of cash on this pickup. Cuz they ain't spending anything on it, and who knows where the ceiling is!" The box-office figures will make headlines, giving the movie more free publicity and luring bigger crowds that are eager to learn what all the screaming is about. (See the top 10 Sundance film...
...bears. That's because Costa Rica over the past generation has built a reputation as one of the world's greenest countries. It so jealously guards its environment that 26% of its territory is under national park protection, its eco-tourism sector is a $2 billion-a-year cash cow and its forest cover has actually doubled since the 1980s - thanks to more trees per capita being planted there than anywhere else. "Cutting down a single tree in Costa Rica is cause for scandal," says Pedro Leon, head of the administration's Peace With Nature Initiative. (Read how Costa Rica...
...late 1960s the company bought Hooker Chemical Co. in a effort to diversify. But in the 1970s, allegations surfaced that toxic waste that Hooker dumped into the ground during the 1940s and early '50s was causing severe health problems in Niagara's Love Canal neighborhood. Oxy Pete needed cash to shore up this and other problems, and its CEO, Armand Hammer - flamboyant, powerful and ultimately corrupt - came up with a solution: raid the retirement kitty. Amazingly, this was legal at the time, and Hammer wasn't alone in doing...
...High interest rates in the inflationary 1970s produced solid returns for Oxy's bond-heavy pension fund - so much so that Oxy's accountants figured the plan was overfunded by $600 million. For Oxy to get at that cash, pension laws required it to close its fund and start again. It did so with a far cheaper option: the employee-funded 401(k). The company made it clear that with the high interest rates at the time, Oxy employees could see their 401(k) account balances soar with little risk. Few doubted it - Oxy, like most other big companies...
...wondering how he will afford the rest of his life. The pension check would have been guaranteed until he died. "I'm a pretty optimistic guy, but I'm still worried," says O'Neil. "Ten years from now, where am I going to be after I burn through the cash...