Word: paid
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Dates: during 1980-1989
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...acquisition caps Tsai's efforts to transform Primerica into a financial powerhouse. Since he joined Primerica, the company has shed more than 25 businesses and acquired 15 others. In snaring Smith Barney (1986 revenues: about $1.1 billion), Tsai paid double the assessed value of the firm's assets, which Wall Street analysts called a bargain...
...angry exchanges stemmed from Bakker's abrupt, unexpected resignation on March 19 as head of PTL, a glitzy TV and entertainment empire that he had created and nurtured over 13 years. Responding to charges that were about to break in the Charlotte Observer, Bakker confessed that he had paid $265,000 in hush money to cover up an afternoon of adultery in 1980 with Jessica Hahn, a 21-year-old church secretary from Long Island, N.Y. At Bakker's request, Falwell became PTL's new head, amid rumors that another TV evangelist, Jimmy Swaggart of Baton Rouge, La., was conspiring...
...refused promised hotel visits. The IRS is so intrigued by the flow of cash that it has opened a temporary field office at Heritage USA. Federal tax laws state that officials' remuneration from nonprofit organizations must be "reasonable," which might mean deep trouble for the Bakkers and their well-paid former executives...
...Lake Resources) $100,357 for the salaries of private American pilots used in air-dropping weapons to the contras. This, said Rudman, meant that the pilots should have been getting $450 a day. In fact, according to Rudman and a witness, former CIA Agent Felix Rodriguez, the pilots were paid at most $150 a day, suggesting that East, Inc., earned about $35,000 on this transaction alone. Secord and his partners, declared Rudman, "were not only arms dealers, they were flesh peddlers...
...Martin, who had little money, was covered by a homeowner's insurance policy, making it possible to collect on a judgment. At his deposition, Martin admitted that he had not told Debbie about his infection. This March, Debbie and Martin agreed to a settlement of $119,052, to be paid by the insurance company...