Word: payout
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Dates: during 2000-2009
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This trip from private equity to public conglomerate and back wasn't pointless. According to company calculations, if you count every spinoff and asset sale--plus a $2.8 billion shareholder lawsuit payout in the wake of the CUC mess--a dollar invested in HFS when it went public in 1992 would be worth more than $14 now--a 22% annual return, or more than double the performance of the S&P 500. Which means Silverman is probably worth listening to on one of the great questions of our day: Is it better for a company to be traded...
...missed the mark with the title "Pilfering Priests"-it should have been "Plundering Priests." My wife and I left the Roman Catholic Church after its hypocritical handling of the sexual-abuse scandals. We were tired of wondering to which lawsuits our contributions were being directed as a payout to another victim. Now it comes to light that priests, as you describe, are "living as hedonistically as Renaissance Popes" by stealing the contributions made by their hardworking parishioners. It makes one wonder when the leadership of the church will wake up and allow priests to marry, so they can enjoy life...
...missed the mark with the title "Pilfering Priests"--it should have been "Plundering Priests." My wife and I left the Roman Catholic Church after its hypocritical handling of the sexual-abuse scandals. We were tired of wondering to which lawsuits our contributions were being directed as a payout to another victim. Now priests, as you describe, are "living as hedonistically as Renaissance Popes" by stealing from the contributions made by their parishioners. When will the church wake up and allow priests to marry, so they can enjoy life with a companion as God and nature intend...
...warren of old repair shops and warehouses in El Segundo, Calif., an area with a long aerospace history. He plans to move soon to nearby Hawthorne, into a cavernous plant that once turned out 747s. He has set aside half of his $200 million PayPal payout and has hired close to 250 people, from such outfits as Boeing and Grumman as well as from Silicon Valley...
...budget proposal. That cut would include eliminating the Supplemental Educational Opportunities Grant, which supplements the neediest of Pell Grant recipients. According to Vice President for Finance and Chief Financial Officer Elizabeth Mora, the proposed budget will likely not affect Harvard undergraduates. “Much of the strategic endowment payout from last year will be used to supplement financial aid so the impact may not be too great, but we’ll need to see the final numbers,” Mora said. Currently 700 undergraduates receive Pell Grants at Harvard, and parents who earn incomes less than...