Word: multimillions
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...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...
Many Barry supporters have long asserted that the mayor's problems with federal prosecutors were racially motivated. Cathy Hughes, a Washington businesswoman who owns a radio station and is host of a popular call-in talk show, scoffed that the best prosecutors could come up with was "a multimillion-dollar misdemeanor charge." Hughes, who is informally polling listener support for Barry, said, "The community is saying to him, 'Get well, come home, we're waiting...
...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...
...Although Ma Bell still carries 70% of the U.S.'s long-distance traffic (down from 90% five years ago), it has been fighting a rearguard action to keep its customers from defecting to its feisty competitors, MCI and US Sprint. The glitch simultaneously deflated AT&T's multimillion-dollar "reliability" advertising campaign and handed its competitors a once-in- a-career sales pitch. "An important message to everyone whose telephone is the lifeline of their business," began a print ad rushed out by US Sprint after the breakdown. "Always have two lifelines...