Word: payoff
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Officials of Exxon Corp. last week stuffed 142,000 hundred-dollar bills into briefcases and stowed them in a car that was then driven to a rendezvous with Argentine guerrillas of the Marxist People's Revolutionary Army. The $14.2 million payoff earned Exxon the unenviable distinction of having forked over what is probably the highest ransom ever collected by kidnapers. (How much, if any, is covered by insurance [TIME, March 18] is unknown.) The company sought the release of Victor E. Samuelson, 36, a refinery manager who was abducted on Dec. 6. At week's end Samuelson still...
...also contended that, specifically, the President had said it would be wrong to pay hush money. Nixon confirmed Haldeman's version that he and Dean had ruled out clemency, but claimed that his judgment that "it is wrong" was meant to apply not just to clemency but to payoff money as well...
...confusion might have something to do with my further remarks regarding serious questions raised about Maguire Inc. and Mr. Cloherty's political activities as described in Robert Winter-Berger's book, "The Washington Payoff." I made it clear, however, that the charges made by Winter-Berger had not been substantiated to my knowledge, but they were serious enough to be investigated...
...wildcatting has always been a romantic art: the big gamble, the bigger payoff, always seem to be just "one more hole away." With the world's sudden realization of its dependence on petroleum and the prices that "black gold" has been bringing, wildcatting has taken on a new frenzy. Much of the world's unexplored oil wealth lies largely offshore, and this winter hundreds of hopeful gamblers are working round the clock in the freezing storms of the Canadian continental shelf. TIME Correspondent James Wilde recently visited one rig 96 miles southwest of Halifax, N.S. His report...
...energy business, and the oceans are our last frontier to exploit." That is a notion not often expressed here on the barge; the relentless search for oil affords time for little but the mind-numbing and muscle-aching work that grinds along in hopes of the big payoff...