Word: huges
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Dates: during 2000-2009
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Financial problems also plague the American wing of the FLDS, according to Rod Parker, a Salt Lake City attorney and frequent spokesman for the Texas-based organization. He says his clients are "hemorrhaging a huge amount of money" fighting the morass of legal cases, including a long-running battle over an estimated $110 million property trust in Utah. The trust, which is named the United Effort Plan Trust, was set up by the polygamous sect's leadership in 1942 but was placed under court oversight in 2005, when allegations of mismanagement surfaced in several lawsuits brought by former FLDS members...
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...
Perhaps. Despite Wiedeking's gestures of charity, though, Germans have already begun grumbling about the huge payout he received. Dietmar Barsch, general manager of the leftist party Die Linke, calculated that even compensation of $35 million was equivalent to 250 Porsche 911 Targa 4 models. "This is not about social envy. The sum is absurdly high and has no relationship to any work he performed," Barsch said...
...Today is a historic day for Africa and marks the dawn of a new era for communications between the continent and the rest of the world," SEACOM Chief Executive Brian Herlihy said in a statement marking the launch. "Turning the switch on creates a huge anticipation but, ultimately, SEACOM will be judged on the changes that take place on the continent over the coming years...
...military was crushed during its brief war with Russia last August. The possibility of such a deal, or even the discussion of it, puts the Obama Administration in a difficult position, forced to choose between a reset of relations with Russia or indulging Saakashvili's request. "It is a huge political mistake to support Saakashvili. By giving him weapons, the U.S. would be putting guns in the hands of a criminal," Sergei Markov, a Duma deputy and one of the chief ideologists of Prime Minister Vladimir Putin's United Russia Party, told TIME in a phone interview from the Georgian...