Word: megabuckers
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Within the Reagan Administration, Budget Director David Stockman and Energy Secretary James B. Edwards are locked in a megabuck battle over the synfuel program. Stockman argues that synfuels will not make a significant contribution to American energy supplies for decades to come, and that private industry, rather than the Government, should pay for the development of projects to turn shale and coal into synthetic oil and natural gas. Edwards, on the other hand, maintains that synfuels will never become viable without Government support because private companies will not spend the billions of dollars needed for the risky programs. The Energy...
...merger binge has been a bonanza for a special breed of Wall Street investment banker who negotiates the megabuck deals. Acquisition teams at First Boston Corp., which handled Du Font's bid for Conoco, and Morgan Stanley, which advised the oil company, are expected to earn almost $15 million each from the merger...
...business cases, is that parties can pick judges with expertise in certain fields. Moreover, proceedings can be held in secret and kept off the public record. When Tonight show Host Johnny Carson and NBC were battling over his contract in 1979, they hired a retired judge to hear their megabuck dispute behind closed doors. (Before the trial began, however, they settled the case...
...sprang from the nation's Watergate-era revulsion at the global bribery excesses of such well-known American companies as Lockheed, Northrop and Gulf Oil. During the mid-1970s those companies, and others, made headlines almost weekly as sensational disclosures surfaced about their roles in paying megabuck bribes to high foreign officials to clinch deals...
...Straits are an eccentric lot among megabuck band peers. They're not only studio nimble, they love to tour--at least this half does...