Word: multimillions
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Dates: during 1990-1999
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...takeover-crazed 1980s, a cheeky business-school dropout named Donald Carter transformed the humdrum job of counting ballots at corporate shareholder meetings into a multimillion-dollar business. As head of the Carter Organization, he orchestrated campaigns to persuade shareholders to back corporate raiders. For his work, he collected ten times the going rate. But the proxy prince scooped up some illegal gravy as well. Last week in a New York State court, Carter pleaded guilty to stealing $1 million from his clients through false billing...
...troika of African states -- with Angola and Mozambique -- that remain most closely aligned with the East bloc, Ethiopia's regime has had scant luck with Marxism-Leninism for some time. More than a year ago, Moscow warned officials in the capital, Addis Ababa, that its multimillion-dollar military-assistance package would be significantly cut when the current agreement expires next year. Since then, the last of several thousand Cuban soldiers have departed, more than one-third of the 2,500 Soviet military and development advisers and their dependents have pulled out, and it is rumored that East Germans...
...rich-quick mentality. Michael Milken, the deposed Drexel guru who pioneered junk bonds and nurtured them into a $200 billion market, was paid $550 million in 1987 for his unrivaled expertise. In a perverse version of the trickle-down theory, lower-echelon bankers raked in multimillion-dollar salaries, and new recruits with two years' experience earned six-figure sums. The fantastic payoff created a brain drain as the best and the brightest from top colleges and business schools across the U.S. flocked to Wall Street. In 1986 nearly half the senior class at Yale applied for jobs at First Boston...
...fees and stock payoffs they would generate. This was not the way Wall Street traditionally operated, but in that hotly competitive environment many firms followed Drexel's lead. The resulting riches created a whole new spending culture as Wall Streeters found new ways to dispose of their wealth, buying multimillion-dollar Manhattan apartments, building lavish estates in Connecticut and on Long Island, commuting to work in limos, seaplanes and helicopters...
...past two weeks, for the first time since exercises began in 1969, the U.S. Army in Europe went through its paces without tanks and almost without combat troops. Faced with mounting German annoyance, multimillion-dollar damage charges and the collapse of East European communism, commanders turned to microchips and game boards for training and did their best to keep out of sight...