Word: handout
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Dates: during 2000-2009
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According to the Financial Times Deutschland, Wiedeking was entitled to compensation of $200 million or more. But labor representatives on Porsche's supervisory board's protested at such a huge handout and Wiedeking himself suggested a more modest sum. Before the ink had dried on the check, Wiedeking announced he would donate half the money to a Porsche-sponsored charity. Not without a sense of humor, he also pledged to donate $2.3 million to assist "needy journalists". The German taxman will likely get a big chunk of what is left. "For the first time an executive has responded...
...title of their choice for one day a week during the year of their 18th birthday. Since such schemes aren't likely to do the trick for French papers, it makes sense for publishers to search for ways to eliminate costs before they occur. After all, the free handout dailies - another source of woe for traditional papers - long ago stopped publishing during year-end holidays and summer vacations, when readership volume dropped...
...said Eileen Richardson, executive director of Downtown Streets. “We had one man who used to sit in a wheelchair panhandling outside a store and is now working in the jewelry department of a high-end department store. It’s not just a handout, it’s a hand...
Treasury Secretary Tim Geithner had every reason to think he had seen all of AIG's dirty laundry. The government owned 80% of the company, and Geithner had just orchestrated AIG's most recent handout - its fourth, if you are keeping score, for $30 billion on March 2 - to prevent the teetering insurance giant from going over the cliff and taking the rest of the global financial system with it. AIG had already cost the taxpayers some $170 billion, mostly to repair the damage done by one of its units, AIG Financial Products (AIG FP), which last year alone piled...
...directly or indirectly, also received earlier bailout cash under the Troubled Asset Relief Program (TARP). The group includes some of the most sophisticated investors in the world, prompting critics to question why the companies should not take responsibility for their own financial decisions, rather than accept a U.S. taxpayer handout...