Word: multimillions
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When a DC-10 falls out of a clear blue sky and kills 275 people, as American Flight 191 did in Chicago last May, there is no doubt that the victims' families will be financially compensated for their loss. The multimillion-dollar question is how much. By last week, American Airlines and McDonnell Douglas, the manufacturers of the DC-10, had offered $30 million to the families of 112 victims if they would settle instead of go to court, and more settlement offers are forthcoming. What the airline and the air plane builder are trying to avoid...
...invariably begins with a race among some unscrupulous lawyers to sign up the next of kin. Soliciting clients, or "ambulance chasing," can cost a lawyer his license. But for some the temptation of a multimillion-dollar air crash is too much...
...incorrigible delinquent. At 17 he was sentenced to Sing Sing prison for assault. By 1952 he had become a high-ranking enforcer for Bonnano. Because Galante spoke French, Spanish and several Italian dialects, he often acted as the family's emissary in overseas assignments to arrange multimillion-dollar drug deals. He was also involved in pornography, loan sharking and labor rackets...
...began with a promotion by Charles ("Chris") Christopher, now 33, a Dallas sharpie who honed his selling skills peddling encyclopedias and waterbeds in his teens, and then created Surety Industries, a computer leasing firm. The business worked this way: Surety bought computers from manufacturers. It financed the purchases with multimillion-dollar loans from banks, using the computers themselves as collateral. Then Surety leased the computers to corporations or government agencies. Typically, the leasing contract is for seven years, with the proviso that the customer can break it after three or four years. Before 1974 the banks were unwilling to make...
DIED. John D. Murchison, 57, who teamed with younger brother Clint, owner of the Dallas Cowboys, to parlay their father's multimillion-dollar oil fortune into a vast empire (publishing, real estate, insurance, others); of a heart attack; in Dallas. So complex were the Murchisons' holdings that John joked, "If we're not careful, we may find out we're suing ourselves...