Word: donalds
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...brass at AMR quietly landed pension guarantees worth $41 million--benefits that, unlike those of the workers, will be protected even if AMR goes bankrupt. Succumbing to public pressure, AMR backed off on another issue: its proposed "retention" bonuses for top executives. A flap over that cost CEO Donald Carty his job. But the executive pensions remain in place. Investing legend Warren Buffett, who has been campaigning against executive compensation that is out of line with returns to workers and shareholders, said in a recent speech that "what really gets to the public is when CEOs get rich, really rich...
...Foundation, folks think big. Over the past three decades, the foundation has spent millions of dollars commissioning and maintaining art, some of it having dimensions you associate with the Army Corps of Engineers. In the late 1970s, it was Dia that bought artist Donald Judd a derelict, 340-acre Army post in Marfa, Texas. Judd filled it mostly with his rows of concrete, wood or aluminum boxes, the alpha and omega of Minimalist sculpture. It's Dia that in 1977 paid for and still superintends The Lightning Field by Walter De Maria--400 stainless-steel poles arrayed in a rectangular...
...thought I was some kind of airhead academic, and I thought he was rather an arrogant young member of Congress. Probably we were both right." DICK CHENEY, at an awards ceremony, recalling his first meeting with Secretary of Defense Donald Rumsfeld...
Defense Secretary Donald Rumsfeld has been firm and consistent on what the war in Iraq is not about. "It has nothing to do with oil, literally nothing to do with oil," he says. If it sounds as though he's protesting too much, it's because the Bush Administration is up against a prevailing world view that the burden of proof is on the U.S. to show that it won't exploit Iraq's underground riches. Hours after the invasion began, U.S. forces had seized two offshore terminals that can transfer 2 million bbl. daily to tankers. They secured...
...which was the Saudi Arabia of the first half of the 20th century, is finally running out. As a result, thanks in part to American policy that put an emphasis on foreign intervention rather than domestic conservation, Americans are more dependent than ever on imported oil. --By Donald L. Barlett and James B. Steele