Word: lures
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Dates: during 1980-1989
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...Lorean's disgrace was seen by federal law-enforcement officials as symptomatic of the pervasive lure of illegal drugs as a source of illicit riches. "This shows the incredible ability of drugs to corrupt," claimed one Justice Department official. "You're not surprised to find occasional corruption of a $40,000-a-year FBI agent," he added, "but you don't expect it to reach into the ranks of an $850,000-a-year auto executive. It makes you wonder how many other companies have been saved this...
original kilo, or "key," thus may end up fetching $500,000 on the street, for more than a 700% profit. For the adventurous, the greedy, or even for the hard-pressed businessman, the lure can become irresistible. "If you want to become a millionaire in a short period of time," says Robert Brosio, an assistant U.S. Attorney for Los Angeles, "in the drug business you can work your way up very fast." Fear of getting caught does not substantially deter risk taking. In Southern California, as elsewhere, those who use cocaine tend to be people of substance and reputation...
That kind of backing was all De Lorean needed to lure still more money. About 130 rich investors put $18 million into a tax-shelter partnership formed by the Wall Street securities firm of Oppenheimer & Co. to finance research and development on the new car. One businessman familiar with that deal says that even in retrospect, the investment looks prudent. "There was about $107 million in before the partnership was signed. This would have satisfied anybody...
Griliches counters that Harvard's efforts to lure away Dornbusch and Fischer have only been fair play. Explaining in the cant of his trade, he says. "It depends on your views of the virtues of competition." He adds that "the alternative would be to enter into a collusion agreement with MIT: If there is an opening at one place, no one at the other place will be eligible. Harvard and MIT would be monopolists deciding to divide the market. Maybe that would be to their benefit but would it benefit the profession...
...lure of profits, more than any federal plan to make the outer continental shelf more accessible to drillers, that was primarily responsible for last week's heavy bidding. Even relatively small oil companies had "saved their pennies" to make bids, as one oil-firm official...