Word: leone
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Dates: during 1990-1999
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...holding down interest rates to soften the bite of higher taxes. But the first barrage of phone calls to Congress was highly negative, and there is something in the plan to offend almost every interest employing a lobbyist with an in at a particular congressional committee. Budget Director Leon Panetta told the Washington Post that chances of congressional passage are only fifty-fifty. (See cover stories, beginning on page...
...reward executives who perform poorly. One prominent example is Advanced Micro Devices chairman Walter J. ("Jerry") Sanders. Although his firm's stock price has declined 35% over the past seven years, Sanders has pocketed some $29 million in option profits during the same period. United States Surgical Corp. chairman Leon Hirsch has been awarded 2.8 million shares (current market value: $186 million) since 1991, even though his company's stock has underperformed the Standard & Poor's 500 index by 3 percentage points. The award is an extreme example of so-called mega-options, grants consisting of at least...
...national sales tax as if it were a not too distant possibility. "I did not mean to float a trial balloon," Clinton said Friday, as the issue threatened to engulf his campaign to push his first round of tax proposals. Meanwhile in Washington, Clinton's Budget Director, Leon Panetta, brought up the likelihood of new taxes on guns, alcohol and tobacco. "It's a bit too early to say," Panetta said, but then he went ahead and said...
...MANY TAXES, TOO FEW CUTS During his confirmation hearings, Budget Director Leon Panetta promised $2 in spending cuts for every $1 in new taxes. Over the next few weeks, the Administration retreated to a "one for one" balance, but the plan falls far short of even that goal. If his new spending proposals are factored in, Clinton's plan includes $3 in net new taxes for every $2 in spending cuts...
CONTRIBUTORS: Kurt Andersen, Bonnie Angelo, Laurence I. Barrett, Jesse Birnbaum, Jay Cocks, Barbara Ehrenreich, John Elson, Otto Friedrich, Pico Iyer, Edward L. Jamieson (Consulting Editor), Leon Jaroff, Stefan Kanfer, Michael Kinsley, Charles Krauthammer, Dennis Overbye, Richard Schickel, R.Z. Sheppard, John Skow, Martha Smilgis, Richard Stengel, George M. Taber, Andrew Tobias...