Word: lump
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Dates: during 1990-1999
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...Health Net's Greaves and QualMed's Hasan formally agreed to merge their companies. The merger triggered a "termination agreement" under which Greaves would receive a lump-sum payment of $1.1 million because technically he had been terminated from his former positions--even though he became cochairman and co-chief executive of the parent of the merged companies, Health Systems International, a job that paid a base salary of $865,000. "I gave up my sole authority as president, chairman and ceo," says Greaves, "and my contract said if that happens you get paid out your contract...
...March 31 Greaves signed a new severance deal that paid him a lump sum of $2.8 million, plus assorted other payments, and guaranteed him and his wife health care for the rest of their lives. The agreement also called for Health Systems International to buy back as much as half of his common stock, which brought him another $13.3 million. And Greaves signed a generous three-year consulting deal. All told, his exit brought him $18.1 million, equivalent to the average monthly premiums paid by nearly 134,000 subscribers...
Dole's statesmanlike stands on Bosnia and ending the government shutdown have earned him no credit in Le Mars, says Klingensmith. "Folks lump Dole with the others in Washington whom they hate," he adds. Says Dan Wells, the dairy executive: "We thought we ended the gridlock with the '94 election. At this point you'd have to say I'm for Dole somewhat. I mean, I could change...
...Republican Congress wants to change all that. In place of an open-ended entitlement, the G.O.P. proposes block grants that would essentially give states a lump sum each year to spend for Medicaid's traditional purposes as the states see fit. The G.O.P. would then slow the growth rates of these "Medigrants" from the current forecast of 10% yearly to 5%, with some states coming down to as little as 2% growth. On the positive side, the block grants limit the Federal Government's financial exposure to rising Medicaid costs. And the G.O.P. is not proposing actual cuts, but reductions...
...bases. As Rowell points out in the catalog, guests in his Paris studio would be regaled with homemade sheep's milk cheese and a glass of iced champagne--funk and chic together, essential Brancusi. He loved contrasting the rough with the smooth, the hyper-refined freehand curve with the lump and the block. And when those sleek organic forms, half-volatilized in light, rise up from their wooden pedestals, you think of the resurrection of glorified bodies...