Word: generousity
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Dates: during 1980-1989
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...question mark is the stance of Herbert Siegel, the president of Chris-Craft Industries, which is Warner's largest shareholder, controlling 19% of the company's stock. He and Ross do not get along, largely because Siegel disapproves of the way Warner spends money on generous executive compensation (for Ross alone in 1987: $4.5 million in salary and bonus) and corporate amenities like the six-bedroom Acapulco villa for entertaining movie stars. Siegel also apparently believes that Warner is being undervalued in the merger agreement. When the proposed deal came up before Warner's board for a vote, Siegel abstained...
That kind of enthusiasm is infectious. In an era of budgetary restraint, Washington has been unblinkingly generous toward the genome project, especially since last April, when an array of scientists testified on the subject at a congressional committee hearing. There, Nobel laureate Watson of DNA fame, since picked by the NIH to head the effort, mesmerized listeners with his plea for support: "I see an extraordinary potential for human betterment ahead of us. We can have at our disposal the ultimate tool for understanding ourselves at the molecular level . . . The time...
Thus, when prominent institutions like Harvard raise tuition-prices, others feel compelled to follow this trend and increase costs by similar amounts in order to keep up with the competition. Unfortunately, many of these schools cannot afford to be as generous as Harvard is in helping to alleviate the effects of such increases through financial...
RICHARD BURTON: A LIFE by Melvyn Bragg (Little, Brown; $22.95). This meticulous biography includes generous quotations from the subject's letters and his 350,000-word private diary; the result is a portrait of a vivid actor who approached language with the same passion he lavished on Elizabeth Taylor...
...more ingenious was the way House Speaker Jim Wright skirted the already generous congressional ceiling on outside income. Not content with mere honorariums, Wright arranged an unusual sweetheart deal: a supporter published one of Wright's books, sold most of the copies in bulk to groups like the Teamsters, and then handed over 55% of the proceeds (nearly $60,000) to the Speaker as royalties. This daisy chain was probably legal, but clearly unsavory. It is among a welter of charges against Wright contained in a voluminous report now being studied by the House Ethics Committee. Few expect more than...