Word: payoffs
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Dates: during 1960-1969
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...Betty Legg, 34, was married to an Iraan, Texas, oilfield worker who carried two $20,000 life insurance policies that paid double indemnity in case of accidental death. When he died-accidentally, she said-she sued the insurance companies for the double payoff. The companies protested that the death was hardly accidental, since it was caused by a bullet fired from a gun by Mrs. Legg. What's more, they told a Texas jury, she had been charged with murder and was awaiting trial. Mrs. Legg said it was indeed an accident. She had surprised her husband...
...winner in the second race combined with an 18-1 longshot in the first race to produce the record daily double payoff of the young Suffolk Downs spring meeting yesterday. The combination of Stanley N and Po' L'il Cappie paid...
...reward of $25,000," he wrote, "to anyone who devises and successfully executes a plan to draft Lyndon B. Johnson, put him in uniform complete with butterfly net, and ship him off to the rice paddies." Potential applicants for the prize may be put off by Gibson's payoff record: he volunteered to play honky-tonk piano at a local fund-raising benefit for Senator Eugene McCarthy-and reneged the moment the McCarthyites tried to take him up on the offer...
However they handle their job, though, most agents are happy enough to participate in the publishing bonanza. But there are many who also fear that the payoff is getting too big for comfort. Says Jim Brown of James Brown Associates: "A man like Scott Meredith has hurt the industry by pressing for unrealistic advances in terms of what he is offering." Echoes Agent Robert Lescher: "I'm in the business of handling creative careers. I don't want a publisher turning sour on a writer because I negotiated too big an advance...
...operates on the principle of "pay now, go later." Members kick in $995 in weekly installments over a three-year period. In each of the first two years, they are entitled to a ten-day vacation in the Caribbean or Central America. The third year brings the big payoff: 20 days in Europe...