Word: contractive
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...helped Merrill avoid a repeat of its court battle last year with Anglo-Dutch concern Unilever, also over pension fund mismanagement. In that case, Unilever had alleged that returns on its pension fund had trailed the market by an amount larger than was permitted under the terms of its contract with Mercury Asset Management, which was acquired by Merrill in 1997. After almost two months in court, Merrill settled, paying Unilever a reported $115 million. Unhappily for Merrill, the outcome of these disputes has caught the attention of some of its other clients - including the British drugmaker AstraZeneca and England...
...company's founder, and his business partner Stanley Gold, control 17.5 million Disney shares. Two weeks ago, after the company reported weak quarterly results, word leaked that the pair had adopted an unusually combative tone. Some now speculate that Eisner won't be re-hired when his contract expires in 2006, or may go earlier. Mentioned as successors are Viacom president Mel Karmazin, Sony of America CEO Howard Stringer, and former Disney-ite Jeffrey Katzenberg...
...Within a year, Phillips had sold Presley's contract to RCA Victor for $25,000. He says he never regretted the decision, never looked back. He soon had another rockabilly prodigy, Carl Perkins, whose "Blue Suede Shoes" kicked some serious chart butt: #1 country & western, #2 pop and rhythm 'n blues. Johnny Cash, the Arkansas gent with a grave voice and a lifer's stare, recorded "I Walk the Line": #1 country, #17 pop. Roy Orbison, who would not fully flower till the '60s, did an early stretch at Sun, recording some goofy rockers and writing a hit song...
...million, has not produced electricity since November 2001, and its equipment for that is “old and inefficient,” according to NSTAR spokesperson Mike Monahan. Harvard negotiated right of “first offer” on the plant as part of its 1992 contract with NSTAR...
...land Middelhoff the CEO job in 1998. He profitably sold off a stake in the German pay-TV service Premiere World long before the company, owned by media tycoon Leo Kirch, went bust. Middelhoff also persuaded Bertlesmann to buy the giant U.S. publisher Random House for $1.2 billion. His contract, reportedly paying him j8 million a year, was extended for five years only last month. (His payout is expected to be suitably generous...