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...also wants to deflate "golden parachutes," which give special payments to executives if they leave a company after a takeover. If the sale of Esmark goes through, for example, Chairman Donald Kelly, 62, would collect three years' salary and sell his 245,000 shares of stock for $60 a share. Total reward: $17.4 million...

Author: /time Magazine | Title: Merger Rules | 6/4/1984 | See Source »

...fact, a chief criticism of lotteries is that they prey on the hopes, and wallets, of the poor. "I always felt that it was an insidious way to re-collect our welfare dollars," says Republican State Representative Tony Van Vliet of Oregon. Lottery enthusiasts, however, contend that different games attract different players. New York's high-stakes Lotto seems to be the pick of the upper and middle classes, while three-and four-digit numbers games appeal to a more downscale market. In Arizona, a state-funded study found that lottery regulars are predominantly white males with a median...

Author: /time Magazine | Title: Gambling on a Way to Trim Taxes | 5/28/1984 | See Source »

...others: Gustav Mahler, Richard Strauss and Herbert von Karajan, all of whom found the Viennese insatiable thirst for intrigue intolerable. But Maazel's departure also marks a new round in a process that seems to have become habitual among international maestros today: they trade top jobs and collect new ones like baseball cards...

Author: /time Magazine | Title: Music: Round and Round They Go | 5/28/1984 | See Source »

Mondale's aides would very much like to collect New Jersey as "insurance." Even so, they insist that Mondale could lose all the remaining contests and still reach the 1,967 mark. Agrees a congressional Democratic leader: "Mondale doesn't really need to win any more to put him over the top." Reason: he should do very well among the 219 "superdelegates" and 39 at-large delegates still to be picked from among party leaders and state officials...

Author: /time Magazine | Title: Snakebit on the Long Trail | 5/21/1984 | See Source »

...hungry Finance Minister Jacques Delors swoops down from a helicopter to collect the franc used in the coin toss of a soccer match. Intent on projecting French military power abroad. Defense Minister Charles Hernu leads an attack against the tiny principality of Monaco: "Ack-ack-ack!" President Francois Mitterrand interrupts his compulsive globetrotting for a rare visit to Paris and, shuddering at what he finds, hightails away again...

Author: /time Magazine | Title: France: Confrontations with Reality | 5/21/1984 | See Source »

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