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Word: kickback (lookup in dictionary) (lookup stats)
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...patronage, Washington pushed through a tough ethics law for city officials and expanded city contracts for women and minorities. Yet his tenure was not entirely free of scandal: seven city officials, including two black councilmen who are allies of the mayor, have been indicted on federal bribery and kickback charges. Despite the mayor's soaring rhetoric, there were few improvements in Chicago's notoriously inadequate public schools or the city's crime-ridden public housing projects...

Author: /time Magazine | Title: A Loss in the Family: Harold Washington: 1922-1987 | 12/7/1987 | See Source »

...Intelsat's 28-member board of governors that the last two phases of the building's construction be consolidated into one. Then, according to court papers, Colino connived with William P. Lipscomb Co., an Arlington, Va., construction firm, promising to award it the new contract in exchange for a kickback of $2.4 million to himself and several associates, both inside and outside Intelsat. Colino allegedly peeked at bids and warned his favored firm that its offer must be no more than $25.4 million. The Arlington company came in at $25.398 million and won the contract in December...

Author: /time Magazine | Title: The Mysterious Fall of a Star | 10/5/1987 | See Source »

Lipscomb, it turned out, did not have the promised kickback money in hand. Colino thereupon devised still another ruse, say investigators, whereby Intelsat was charged $1.2 million by Lipscomb to enable the firm to order construction materials far in advance of use. The money was paid out in January 1985, but no materials were ever ordered or delivered. Part of the cash went to a Swiss bank account controlled by Colino...

Author: /time Magazine | Title: The Mysterious Fall of a Star | 10/5/1987 | See Source »

...offs in the $1.8 billion contract for subs by General Dynamics and its Electric Boat division. After two years the jury disbanded. In 1984 investigations revived when P. Takis Veliotis, the boat division's former general manager, who had fled to Greece to avoid prosecution for an unrelated kickback scheme, said he had tape-recorded conversations with Chairman Lewis and Vice President Gorden MacDonald, both since retired. The tapes purportedly showed an agreement to provide false data to the Government. But Government lawyers turned down Veliotis' plea for % immunity on the kickback charges, and the investigation wore on until last...

Author: /time Magazine | Title: Probe Scuttled: A three-year inquiry ends | 6/1/1987 | See Source »

...place where Billy Joel dwells, and it is no address for a low-key aesthetic incendiary like Byrne. By implying that Heads music is nibbling on pop- corn, Byrne is being provocative, as is his habit, and canny, as is his nature. The songs in True Stories are kickback good-times music, but Byrne means to do with this score what he and the Heads have always done: infiltrate a genre, work inside it and make it over before anyone realizes quite what is happening...

Author: /time Magazine | Title: Rock's Renaissance Man | 10/27/1986 | See Source »

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