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...call him "MacDollar" for nothing. Testifying under immunity before the Senate committee, MacDonald's son Peter Jr. said that when his father needed cash, he would call a benefactor and ask for "golf balls," MacDonald Sr.'s code word for $1,000 cash payments. MacDonald Jr. would then collect the bribe...

Author: /time Magazine | Title: Letting Down the Tribe | 3/6/1989 | See Source »

...further broaden access to legal advice, the government also proposed allowing lawyers to accept civil cases on a no-win, no-fee contingency basis, taking their payment out of their client's award. To prevent an explosion of litigation, the government wants to strictly limit the maximum lawyers can collect on contingency...

Author: /time Magazine | Title: Britain Hard Cases, Strong Cure:Lawyers and doctors face reforms | 2/13/1989 | See Source »

Hollywood's superagents have risen in power partly because takeovers and mergers have undermined the traditional influence of the major studios. Today very few actors and directors sign exclusive contracts with studios. Result: agents, who collect 10% of every dollar their clients earn, have become far more influential as matchmakers. Instead of merely peddling artists, they now help create custom-made projects for their stars...

Author: /time Magazine | Title: Pocketful Of Stars: Michael Ovitz | 2/13/1989 | See Source »

Reagan fueled the recovery on a strange formula, a mixture of tax cuts and increases in government spending. As Lloyd Bentsen pointed out in his debate with Dan Quayle, it easy to give the appearance of prosperity when you're writing hot checks. When the creditors come to collect on the country's $1.8 trillion deficit, Reagan will not be around to answer the door...

Author: NO WRITER ATTRIBUTED | Title: No More Shut-Eye | 1/18/1989 | See Source »

Architect Richard Hayden of Swanke Hayden Connell, one of the designers of Trump Tower, calls Trump "a wonderful guy to work for," but he found himself sued for various Trump dissatisfactions and spent more than two years trying to collect his fees. "That's the way he finishes his jobs," says Hayden. Trump has even less decorous ways of being difficult. Architect Scutt recalls & that when Trump Tower once fell 15 days behind schedule, Trump kicked a chair all the way across a conference room. "He ruined a new pair of Gucci loafers," says Scutt. "He always has to have...

Author: /time Magazine | Title: Flashy Symbol of an Acquisitive Age: DONALD TRUMP | 1/16/1989 | See Source »

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