Word: payoff
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...plaintiffs and the chemical companies insisted that their side had enough legal ammunition to win the case. They agreed to the compromise in order to avoid a lengthy, expensive, emotional and uncertain jury trial. Although some corporate executives felt that the chemical companies had surrendered to an unjustified payoff, the share prices of the five companies on the New York Stock Exchange rose after the news. Some veterans felt that their side had sold out. "This was the settlement the chemical companies were looking for," said Lee Covino, a Viet Nam veteran in New York City. "The vets...
...Higgins, 38, the head of Salomon Brothers' merger department, spent six months working twelve hours a day nearly seven days a week to help Gulf Oil fend off a hostile takeover by a group of investors led by T. Boone Pickens' Mesa Petroleum. The payoff came when Gulf merged with Socal. "Don't get me wrong," says Higgins. "I'm not complaining. But you never know when a deal is going to be done, and it's almost impossible to plan a weekend or a dinner...
Such enormous fees raise questions. Some critics wonder whether deals are pursued because of the payoff, not because they are in the client's best interest. Rohatyn is one who thinks that payments have got out of hand. Says he: "The level of fees has reached a point that is difficult to justify and invites the suspicion that there is too much incentive to do a deal. Fees are sometimes ten times as large when a deal closes as when it doesn't, so you'd almost have to be a saint not to be affected...
...companion and Jesuit colleague, a star player who flunked out of school last year was quietly re-enrolled in night classes and kept in the game. The stakes are considerable. For each member of the National Collegiate Athletic Association's final four-Virginia, Kentucky, Houston and Georgetown-the payoff exceeded...
...PLAY'S final surprise--the revelation, in the final minutes, that this lightness was false all along--may offer a clue to the total imbalances of both production and script. That part of the audience which hung on until the end gets the payoff of a genuinely moving conclusion--the assurance that somewhere in the morass of stylization there was a story worth remembering. If the theatregoer is patient, not too sleepy, and willing to work, the evening is by no means a theatrical dead loss. Swartz and her company have coaxed a good deal out of this literary curiosity...