Word: payes
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Dates: during 1980-1989
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...never run a tobacco business. But KKR partner Henry Kravis chose Gerstner for his prowess as a strategic planner. Among other accomplishments, Gerstner launched the successful Platinum card. As chairman at RJR Nabisco, he will have to engineer the sale of about $8 billion in assets to pay off some of KKR's buyout borrowings. But his compensation will be as tall as his task: as much as $45 million over five years...
...foreign credits. Last September Garcia imposed a rigorous austerity plan designed to curtail imports, stimulate exports and cancel subsidies. But critics say his efforts are still insufficient to halt Peru's downward slide. And Garcia refuses to make any deal with international banks that would require the country to pay more on its debt than it would receive in new money. "It's not that Peru is refusing to pay," says Garcia. "But we are going to negotiate in such a way that the flow is positive or equal...
...their losses, Schwartz believes, companies must find a way to segregate "career-primary" women from "career-and-family" women. She argues that most working mothers would gladly trade advancement and high pay for the chance to spend more time with their families, and corporations would benefit from retaining them in less demanding middle-management positions...
...indirect costs of deregulation are adding up. Moving grain by truck instead of rail increases the rate at which highways and bridges are being degraded. Says Tierce: "In the long term the public is going to pay the price, and rural America will pay a terrible price...
Investment in rural America would pay off, says Reich, who believes that small towns will offer opportunities in the next century as urban centers become more congested: "The new economy toward which we're evolving operates on a smaller scale and is far better suited to rural environments. But unless we remove the present barriers to rural America's economic transition, more and more of us will find ourselves packed ever more tightly together...