Word: clout
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...bankruptcy filing, 20 to 30 senior officers were allowed to withdraw millions of dollars from "deferred-compensation accounts" even as retirees and former execs also owed money were refused the same right until it was too late. Other documents emerged that show how aggressively Enron used its financial clout to protect its interests. A memo from Enron's auditor Arthur Andersen discusses the "influence" and "access" Enron hoped to get in exchange for a contemplated $500,000 donation to the International Accounting Standards Board, which harmonizes accounting standards among nations--something Enron was presumably very interested in. Sources tell TIME...
...already demonstrated that on her own, she doesn’t have the political clout of her spectacularly successful predecessor, Paul A. Gusmorino ’02. Her recent installation speech dismayed more than one voter: during her campaign, the overriding message was that she wanted to continue Gusmorino’s legacy of student services. Now, that promise has been overshadowed by her saying she wants the council to discuss more controversial and political campus issues, including Harvard’s hotly-debated approach to the Reserve Officer Training Corps (ROTC), which is not officially supported by Harvard...
...Carlucci, Reagan's Pentagon chief, and James Baker, George Bush Sr.'s Secretary of State and the man who helped George W. win his election struggle in Florida. The company is building the Crusader in Oklahoma, winning support from Senator James Inhofe and Representative J.C. Watts, senior Republicans with clout on military matters...
Last year Hollywood sighed with relief after a potentially disastrous strike by actors was averted. Judging by the results from this holiday movie season, the moguls shouldn't have been so worried: big stars, once the industry's most dependable insurance policy, carried little clout at the box office. Major holiday releases with expensive stars like Jim Carrey (The Majestic) and Meg Ryan (Kate & Leopold) bombed, and even Tom Cruise couldn't turn Vanilla Sky into a blockbuster. Meanwhile, star-free projects like Harry Potter and The Lord of the Rings set box-office records. "With many...
...While a battered and economically bruised city waits anxiously to see where their new mayor will go with his newfound political clout, Bloomberg wasted no time flexing his muscles. Faced with a $4 billion deficit, the mayor announced he will cut his own staff by 20 percent, and has challenged other city agencies to follow his lead. He also issued a reminder to President Bush, warning that the city will expect Washington to follow through on its promise of $20 billion...