Word: collected
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...partying ways. In 1989, at 25, Spencer became engaged to Victoria Lockwood, a fashion model whom he had known for just 10 days. Serving as best man at his wedding was Spencer's Oxford chum Darius Guppy, who was later imprisoned for staging a jewelry theft intended to collect $2.8 million in insurance money from Lloyd's of London. Spencer has stuck by Guppy, first supplying half his bail and later allowing the former convict to live in a house on the Althorp estate, the family's Northamptonshire ancestral seat...
...Robin Hood in reverse," George Church pondered whether he should collect Social Security payments he doesn't need, at the expense of the working poor [VIEWPOINT, Aug. 18]. But he conveniently failed to mention that the working poor also receive Social Security pensions, and many of those contributing relatively little receive proportionately greater benefits than those who have paid in much more to the system. Moreover, the great majority of those receiving proportionately less are not millionaires but ordinary people with incomes under $100,000, and the money withheld from their paychecks could have been better invested privately. There...
...hedge funds look like a good deal for their millionaire clients, they are even better for fund managers. Unlike mutual-fund managers, who generally work for a fixed compensation tied to the size of their fund, hedge managers get paid on two very lucrative tiers. They collect 1% to 2% of their funds' assets as a management fee and, the real jackpot, anywhere from 10% to 30% of their trading profits. At larger funds, where those profits can run into hundreds of millions, that means multimillion-dollar paychecks for fund managers...
...caller identified himself as Curt and spoke in the sympathetic tones that often win the trust of a senior. He commiserated with Downs over her troubles and then told her that her luck was changing: she had just won a prize worth tens of thousands of dollars. But to collect it, said Curt, she first had to buy something from a company called Professional Marketing Inc. in Las Vegas...
...Internal Revenue Service should study the Mormon church's use of power and guilt to collect a 10% tithe from its members. The IRS might find out what happens to church members who fall short of the 10%: privileges and positions are withheld; there is no admission to any temple; and they cannot reach the top rank of the three levels of heaven. TRACY A. BREEDING Denton...