Word: cashes
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Dates: during 1980-1989
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Last February Congress tried to give itself a hefty raise by playing the political equivalent of three-card monte: let the 51% increase recommended by a special commission go into effect, then appease constituents by voting against it, and keep the cash. But scandal-weary voters saw through the game, and the pay hike for Congressmen, federal judges and skilled federal employees died a humiliating death. Ever since, the search has been on for a more palatable proposal. Last week there were indications from House Speaker Thomas Foley and aides to President Bush that new ideas for boosting top Government...
...plants, and private corporations operate them. During the Reagan Administration, the report said, Energy Secretary John S. Herrington inadvertently encouraged unsafe practices with a "buddy bonus system" and a "mind-set" that rewarded production over safety. An unidentified executive who "allowed health and safety to deteriorate" received a big cash bonus, and was praised as an "outstanding manager and leader" by Herrington's Under Secretary Joseph Salgado...
...shares of Time stock for each Warner share. But some on Wall Street had complained that the deal gave Time shareholders no immediate financial reward. "The marketplace has told us we can do better," said Time's Nicholas, 49. "We're still acquiring Warner, but now we're using cash." Nicholas acknowledged that the combined company's earnings would suffer in the short run, but he argued that the company's value will be evident to anyone who examines its assets. Under the earlier arrangement, the new company would have combined assets of $10 billion spread over 140 million shares...
...Time-Warner combination would take on a heavy load of new debt, as much as $14 billion. The company (estimated total revenues: $10 billion) would have an estimated cash flow of $2 billion, which would be tapped for loan payments. "These are great organizations with very good cash flows, so the debt doesn't have to be a negative," observes William Farley, chairman of Chicago- based Farley Industries, which took over West Point-Pepperell in a hostile bid this year. But, he adds, "it takes a certain kind of management to deal with that kind of debt. You're that...
...movie kiss in the old days, the two of you were barely touching lips. You did not want any face being pushed out of shape. It is awful." Maybe he should get back in the movies to show them how? "I think that would look like trying to cash in on the presidency," he says. "Besides, if they did a remake of a Knute Rockne picture, this time I would have to play Rockne instead of the Gipper...