Word: finan
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Dates: during 1990-1999
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...earlier court decision was for the Justice Department, which argued that the process of finan- cial aid overlap was a violation of the ShermanAntitrust Act. Under the overlap process, theeight Ivy League schools and MIT would meet eachyear to discuss prospective students who had beenadmitted to more than one of the schools andcollectively set financial aid awards for them...
After 33 years with Blue Cross of California, Ray Finan thought his income was secure when he and his wife Lillian, a self-employed medical malpractice attorney, retired in 1984. He never knew that their financial security evaporated when, two years later, Blue Cross terminated its pension plan and instead bought annuities from Executive Life Insurance Co. The checks kept coming all the same. But by the time Ray Finan died in 1988, Executive Life was careering headlong toward financial disaster...
...John Garamendi seized the $10.1 billion insurer as it teetered on the edge of insolvency. Two weeks ago, he told a crowd of worried pensioners they are almost certain to lose a portion of their savings. Along with 84,000 other Executive Life annuity holders in 46 states, Lillian Finan, 69 and now living month to month, worries whether she will lose her only steady income. "What am I going to do?" she wonders. "Is somebody going to give me a job? And why should I have to do that after my husband and I worked so hard...