Word: graefe
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...Grand Casino Hinckley, also in Minnesota, and two casinos in Louisiana. In 1999 a predecessor company, Lakes Gaming Inc., which was publicly owned, earned $54.7 million in management-fee income and had a net profit of $28.8 million. Berman has done so well that in 1997 executive-compensation guru Graef Crystal called his compensation package for the previous year--which totaled $18 million in salary and stock options--the "third most outrageous...
...have mortgages on two properties, you may have enough equity to consolidate them under your primary residence and eliminate the typically higher interest rate on a vacation home. Bob Graef, president of Graef Financial Group in Tarrytown, N.Y., recently did that for a client for a different reason. Removing the debt simplified putting the beach house in trust, making sure that it stays in the family for generations. Now that's using your equity...
...those schools students take courses in only one subject during their three-year bachelor program. "If you really know what path you want to take in life," observes Polner, now in her final year at York, "then it's a great way to do it." While Oxford student Graef Allen, 20, sometimes misses the art and music electives she might have taken at home, she appreciates Oxford's tutorial system and being able to "do a lot specialized stuff" in her field, biochemistry...
Columbia's size allows it to demand deep discounts from suppliers. The company's doctors, for example, have been encouraged to buy hospital gowns from a single source for a 20% saving. And according to Graef Crystal, who tracks CEO pay, Scott's 1995 salary of $858,000 was 20% less than the rate in his league (though his Columbia shares are worth $6.9 million). "You know if you've been in the hospital that you don't like the process," says Scott, who lives in Nashville, Tennessee. "We focus on how we can make it enjoyable...
...last year, the best showing since 1964, while paychecks got smaller. In inflation-adjusted dollars, average weekly wages have fallen from $272 10 years ago to $254 today. Adding insult to injury, the gap between executive compensation and ordinary pay has been rapidly widening. According to compensation expert Graef Crystal, the earnings of chief executive officers of major corporations have zoomed from 33 times the average income of U.S. workers two decades ago to 157 times the average today. (Japanese and German CEOs typically earn no more than 25 times what the average worker makes...