Word: payoff
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Dates: during 1950-1959
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...contracts give YPF all the oil and, upon expiration in 20-30 years, the wells themselves. To come in on such terms, the companies demanded and got a fast payoff. For getting YPF's oil out of the ground and to the wellhead, the Carl M. Loeb, Rhoades group, investing $100 million, will get 70% of the world oil price until its investment is amortized. 15-20% after that. Five other big companies (Pan American International, Esso, Shell, Union Oil of California, Tennessee...
...chance for normal life. "My husband and I decided we'd rather have him than anything else." she explained, "so we just sacrificed." The sight of a healthy-looking Phillip (he will be three on Dec. 28), eating an egg and almost ready to go home, was their payoff...
Such plugs, even when they grow out of genuine comedy, bring payoffs (sometimes known as payola) of varying kinds; the My Sin plug reportedly was worth more than $1,000. Sometimes the payoff goes to the performers, but usually to writers or other employees of a show. Last week the Federal Communications Commission belatedly began to investigate TV's predilection for the plug. The announcement aroused widespread dismay. Moaned Actor Walter Slezak: "Everybody has become so suspicious that if you say 'Oh, my God!' on television, people think you're being paid off by the Holy...
...Payoff. Meanwhile, other former contestants began to sing. Manhattan Adman Arthur Cohn Jr. recalled his appearance on The $64,000 Challenge. At a warmup, said Cohn, his opponent came out of a private session with Associate Producer Shirley Bernstein (sister of Conductor Leonard Bernstein), positively popping with both questions and answers. Disgusted with what he was convinced was a fraud, Cohn took his beating, complained to the show's sponsor (Revlon), and insisted that his $250 consolation prize be donated to charity...
...reputation. Reason: his friends will not believe that he was not in on the fix. He filed a $500,000 suit against NBC, the show's producers (Barry & Enright Productions) and the sponsor (Procter & Gamble). What's more, argued Clark, his eye on an even bigger payoff, the fix cost him a possible $40,000 in winnings. He sued for that...