Word: payoffs
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Dates: during 1970-1979
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...first offered her $8 million. After enough negotiations to keep an army of lawyers busy for a year, Christina finally bought out her stepmother to avoid any future entanglements. The price: a cool $20 million for Jackie, plus $6 million to help her pay the taxes on the payoff. Anyone for Tiffany...
...spinnaker in a full wind. One reason: knowing that the U.S. shipping industry survives largely by Government subsidy, the unions have been willing to contribute to the campaigns of friendly politicians. One is President Carter, whose support of the unions is now subjecting him to angry charges of "political payoff' by Republicans brandishing Administration memos apparently slipped to them by somebody inside the White House...
...believes Nixon may have been talking about a secret cash fund that had been raised for him by racketeers connected with the Teamsters Union. The purpose behind the largesse had nothing to do with Watergate. Instead, according to a secret FBI report, the $1 million was intended as a payoff for the Administration's cooperation in preventing Jimmy Hoffa from wresting the union presidency from Frank Fitzsimmons, a staunch Nixon supporter. Nixon had commuted Hoffa's 13-year prison sentence for jury tampering and mail fraud in December 1971, with the proviso that he have nothing...
Kennedy put Hoffa behind bars in 1967. Thus far, investigators have implicated two union chiefs in the payoff-Fitzsimmons and Anthony (Tony) Provenzano, Teamster boss in New Jersey until he was convicted for labor racketeering in 1963. After Provenzano was released from prison in 1970, he too was barred from union activities, but for five years, and he nonetheless continued to wield great power among Teamsters. He is regarded by the FBI as a prime suspect in Hoffa's disappearance...
...surface, such a venture seems nothing short of fiscal madness. For every dream horse like Seattle Slew (auction price: $17,500; payoff on the Triple Crown races alone: $462,380), there are thousands of also-rans and tens of thousands of never-rans. As a rule, only 5% of the more than 30,000 thoroughbreds foaled each year will ever earn their keep on a race track. Fully 65%, in fact, are high-priced, slow-footed dreams deferred that will retire without a single trip to the post. But if the pie is quite high...