Word: overheads
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...effort to cut costs, many teams have dumped dozens of higher-paid veterans and replaced them with rookies earning close to the minimum $100,000 salary. Owners are also looking to cut overhead by revising the 1990 labor agreement. Their main goal: the elimination of salary arbitration. If the players balk, owners may respond with a lockout. Says Jerry Reinsdorf, owner of the Chicago White Sox, one of the most militant club owners: "The status quo cannot continue...
...plan calls for the establishment of a new Health Care Authority, which will consolidate the work now being done by several different agencies. Any savings that result from cutting overhead will be used to help finance coverage for the poor. In addition, the three-member panel will negotiate prices with the state's doctors and hospitals and try to contain costs by limiting the number of expensive specialty procedures...
...airplane trailing a perot for president banner buzzed overhead, a frenzied crowd, some wearing ROSS FOR BOSS T shirts, cheered the diminutive man who they believe can clean up the mess in Washington. "Change means starting over, not just remodeling the house," declared Austin housewife Alida Anton. Many Americans agree with her that it may be time to hire a new contractor: a TIME/cnn poll showed Perot at 33%, Bush at 28% and Clinton at 24%. (See cover stories beginning on page...
IMAGINE TRYING TO SEIZE AN ELEPHANT THAT IS spinning overhead by grabbing onto three makeshift handholds the size of soup cans. Then consider performing this feat swaddled in a 255-lb. rubber suit, suspended in midair, with no net. It , was a comparable challenge that confronted the Endeavour astronauts last week when they rescued Intelsat, a 4.5-ton 17-ft.-long telecommunications satellite, from its useless orbit 230 miles above the earth. In a record 8-hr. 29-min. space walk, with the world rolling by beneath them, Commander Pierre Thuot, Richard Hieb and Lieut. Colonel Thomas Akers wrestled...
...King of Unkempt may have fleeced client Tyson of millions of dollars in winnings over a five-year period through overcharges and improper spending. The affidavit, filed in connection with a lawsuit between Tyson and his former manager, Bill Cayton, alleges that King charged Tyson $750,000 for "overhead" at the promoter's New York office, $100,000 in "consulting fees" for his wife, $2 million for him to acquire promotional rights to other fighters, as well as extravagant sums to cover travel expenses and personal security. The affidavit also says that Tyson attorney Vincent Fuller, who in 1985 successfully...