Word: goldens
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Dates: during 1980-1989
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...others is worth more than $100 million at current market prices. His annual salary of $475,000 is modest by present corporate standards. But in 1980 Mesa gave $7.86 million in salary and stock options to Pickens, making him the best-paid executive in the U.S. that year. His golden parachute in case Mesa is ever taken over is fairly small: two years' salary, or just under $1 million. He would probably also exercise stock options that could be worth tens of millions of dollars. Pickens is a man of Texas-size property. "He can live like an Indian prince...
...takeover battles that T. Boone Pickens and others have waged over the years have produced some of the business world's most colorful terms. Among these distinctive additions to the lexicon of corporate America: GOLDEN PARACHUTE. THE GUARANTEE OF A HEFTY PAYMENT TO TOP EXECUTIVES WHOSE COMPANIES LOSE OUT IN THE TAKEOVER GAME. SUCH AGREEMENTS...
...fight. The knight rescues the embattled firm by agreeing to acquire it on better terms than the pursuer would provide. The improved provisions can include a higher purchase price for the company's stock, and assurances that executives of the acquired corporation will not be forced to use their golden parachutes...
...lowlands, wearing their bright costumes, they made a visual feast. Now and again you would catch sight of a peach-clad boy on an Appaloosa cutting through the Chinese tallow trees, or a scarlet lad standing on his saddle, dancing on a bay. Five young women gotten up as golden harlots were included in the tableau as an easy taunting symbol for the youths: do not touch, even if you are not yourself...
Tonight's opponent, Clarkson, topped Dartmouth, 4 2, last night to give the Golden Knights (15-5 ECAC) a half-game edge on Harvard and Cornell...