Word: paid
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Dates: during 1970-1979
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...year to look for and develop new sources of gas and oil, $1.1 billion, was exactly equal to its after-tax earnings. The $3.5 billion that Exxon spent on developing new energy sources was well above its after-tax profits, which came to $2.7 billion. Of that sum, Exxon paid out about 55% in dividends to its 695,000 stockholders. They include not only a great number of small investors (no single stockholder owns more than 0.1% of the shares), but also pension funds, banks, universities and other institutions. In effect, these institutions manage the money of millions of ordinary...
...main sticking point is the cost of living clause. The industry has offered the drivers a boost equal to 65% of the rise in the Consumer Price Index, to be paid on an annual basis. The final payment would not be made until the fourth year and would not be counted in the three-year package. The union insists on getting the increase twice a year, with the next-to-final payment falling due in the third year. That would lift the overall settlement two percentage points above what the Government is willing to accept...
...publicized their campaign through buttons and bumper stickers bearing their wry slogan: "Savings may be hazardous to your wealth." They have a point. Just to keep even with double-digit erosion, the head of a family of four who earns taxable income of $20,000 would have to be paid interest of 11.25% on his passbook savings, or more than twice the current rate...
Slugger Dave Parker reigns as baseball's best-paid player...
...seniority à la Yastrzemski when Parker's contract was announced. He came, instead, to the signing ceremony to applaud his teammate. In his 17th major league season, Stargell offered this long view on the young star: "Dave is the best in the game and he deserves to be paid the best. He's the kind of player who only comes along once every 20 or 30 years...