Word: forgiven
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Shareholders also attack Kassar for taking interest-free loans from Carolco to supplement his $1.25 million salary. In 1988 he and Vajna borrowed $8 million. The terms: if the stock topped $11 by August 1989, the loan would be forgiven. Presto! The stock nipped $11 in June before tubing again (it now trades at $8). "The stock was manipulated," charges shareholder lawyer William Lerach. Carolco disputes the allegation...
...experience of thousands of Egyptian laborers maltreated in Iraq at the hands of their employers; hundreds are believed to have been killed. Another reason may be the strong leadership of Hosni Mubarak. By supporting the U.S. and Saudi Arabia against Saddam, Mubarak won considerable financial benefits. Both nations have forgiven billions in Egyptian debts, for example...
...Outright Horse Swap. More attractive to Saddam would be an arrangement in which he would depart Kuwait, again apparently unrewarded. Kuwait, by prior secret agreement, would grant him concessions. Saddam could be forgiven the $10 to $20 billion he borrowed from Kuwait to wage war against Iran. Kuwait could lease to Saddam the two islands he covets, Warba and Bubiyan, perhaps for many years or maybe in perpetuity...
Fledgling Prime Minister John Major could be forgiven for expecting his Conservative Party to seek a little harmony after the internal revolt that ousted Margaret Thatcher. No such luck...
Anyone can make a mistake. But when it sabotages a $1.5 billion project, the blunder is not easily forgiven. And when evidence of the mistake is repeatedly ignored until it is too late to fix the problem, then the episode becomes scandalous...