Word: paid
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Dates: during 1980-1989
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...avenge the Iranian Airbus disaster. The families do not disagree. Jeannine Boulanger, whose 21-year-old daughter Nicole was killed over Lockerbie, remembers vividly the day the Iranian plane went down. "Little did I realize that my daughter would pay the price for that," she says. "Iran paid for this bombing, yet Americans must sue to get compensation...
...from a five-year contract, thereby permitting Sony to hire the pair to run Columbia Pictures Entertainment, which the Japanese firm is acquiring for $3.4 billion. In return, Sony ceded entertainment assets to Warner Bros. that analysts estimated could be worth between $400 million and $600 million. "Sony has paid the most extraordinary price in history for management talent," said Alex Ben Block, editor in chief of the industry newsletter Show Biz News...
...Latin American nations. The Brady Plan has as its basis the reduction of debt and the realization that the countries of Latin America cannot continue servicing their debt in the way the banks have obliged us to up to now. In the past five years, Latin America has paid back the total amount of its debt service, yet now it owes more than before. And what is the result? The economic growth of Latin America is now zero. Our countries have had to commit more than 50% of the value of our exports to debt service. That's intolerable...
...material value. "When a work of art passes through our doors, it should leave the world of economics," says Wood. "Walking through a great museum is not going to give you a profile that reflects the auction market. You have to educate people to grasp that the money paid for a work of art is utterly secondary to its lasting value, its ability to make them respond...
...market was going like the Wabash Cannon Ball through 1988 and 1989, Bond's own finances were not. His bid for Irises had been part of a consistent pattern: paying far too much for investments even though they were, as assets, sound. In 1987 he paid more than $700 million for Kerry Packer's TV stations in Australia. In the financial year ending last June, Bond's media firm posted a $34 million loss. Also in 1987, Bond paid more than $1 billion for the U.S. brewery G. Heileman, whose 1989 resale value is about half that...