Word: dollarization
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Dates: during 1980-1989
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...losses. Thompson had failed to let other board members know that his bank was the target of a securities probe. It has also been disclosed that while serving on the SFC board, Thompson tried to sell Utica stock to Texas Oilman Belton K. Johnson, even as Johnson sought multimillion-dollar subsidies from the SFC for two tar-sands projects. Last week the agency asked the Justice Department to look into bringing criminal charges against Thompson...
...wouldn't bet the ranch on it [a Harvard victory in the first round], but I'd bet a dollar," he said last night...
...superior talent--the top four singles players are all ranked on the World Tennis Association computer, all played in the U.S. Open qualifier last year, and the top three are ranked in the nation's top 10--he seems confident he'll soon have that extra dollar...
...done. Says he: "Questions should be asked about compensation at all levels. Shareholders should insist that compensation committees be composed of outside directors free to make comparisons, use consultants and make independent judgments." If high-level executive salaries keep rising steeply, more people will be asking those million-dollar questions more loudly. -By Stephen Koepp Reported by Paul A. Witteman/Detroit and Adam Zagorin/New York
...American Ballet Theater, its new million-dollar Cinderella is a crucial venture. In the past year, A.B.T. has been shaken by deficits, and in the consequent scuffles between the board of directors and management, Artistic Director Mikhail Baryshnikov offered with some asperity to resign. The troupe set out on its national tour last December with a lot to prove to creditors, audiences and itself...