Word: payoff
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...York is the payoff--Jackson did well in Massachusetts, and about as expected in Florida--but will Moynihan's endorsement play in Rochester? More than one liberal Democrat is worried about Jackson's foreign policy--their line is that Scoop's the one to start World War III. Jackson still has some liabilities from his bald-eagle stance of the Vietnam years. And yesterday three labor leaders, including Victor Gottbaum in New York, former Bayh campaigners, came out for Udall...
...disaster? For Lloyd's of London and other insurers, certainly: the $50 million insurance money that they stand to pay to Olympic Maritime S.A. would be the largest insurance payoff in maritime history (previous record: $27 million). For Christina Onassis, hardly. The Olympic Bravery had been headed only for expensive unemployment. Its maiden voyage had been destined to end in a Norwegian fjord, where it was to join at least 385 other supertankers lying idle round the world, waiting for oil shipments to pick up. Potential mothballing costs: as much as $20,000 a day. The insurance payment would...
Until the Lockheed revelations, the payoff with the most explosive consequences was United Brands' 1974 payment of a $1.25 million bribe to a high official in Honduras to reduce an export tax on bananas. The bribe was uncovered by an SEC investigation into the suicide of United Chairman Eli Black, who swung his briefcase to smash a hole in a window of his office on the 44th floor of New York City's Pan Am Building and then jumped to his death. The disclosure helped bring on a Honduran coup that overthrew the government of President Oswaldo...
After a corporation has agreed to make a payoff, the problem arises of how to transfer the money. Speed and secrecy are the obvious requirements for such exchanges, but sometimes the methods are astonishingly unsubtle. Part of the $7 million paid by Lockheed to Yoshio Kodama, the company's secret agent in Japan, arrived in yen-filled packing crates. Some of the rest was passed a bit more discreetly, in the form of checks made out to "bearer." Still, Kodama signed receipts for the equivalent of $2 million, and translations of the receipts were among documents given...
...meter showdown more than a second faster than his closest pursuer-an overwhelming margin of victory in a race where finishers are clustered within hundredths of a second. For Mueller, 21, fiancé of the 1,500-meter silver medalist Leah Poulos, the victory was the payoff for 15 years of gruelling training. "He's crazy about this sport," says Poulos. "Peter can never stop working. He just can't be bad at anything he does." Says Mueller simply: "I just love to go fast...