Word: payout
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Dates: during 2000-2009
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...Harvard Corporation, the University’s highest governing body, voted to increase payout from the endowment by 4 percent for the current fiscal year after threatening no increase...
Harvard’s schools rely on endowment payout for 31 percent of their income, according to the University. The Faculty of Arts of Sciences, in particular, receives roughly half of its income from the endowment...
...financings arranged by banks, often through offshore tax havens. In other massive international bankruptcies, regulators and others have forced big settlements from enabling banks. After its bankruptcy, Enron sued its own lenders; that suit is pending. In May, investors in the bankrupt telecom giant WorldCom received a $2.65 billion payout from Citigroup. So far, Parmalat's other creditors are cheered by Bondi's hardball tactics. "The more value there is in the estate - for any reason - the better it is for us," says Attorney Evan D. Flaschen of the U.S. law firm Bingham McCutchen, who represents about 100 institutions including...
...best hope for springing a hostage comes at the initial stage. Groups like White's contact mosques, tribal leaders, militias and even former intelligence agents in search of news about the victim. Because the low-level gangs are after cash, a quick payout might free the hostage before he is "sold up" to groups with less easily deciphered, deadlier agendas. Such deals can be lucrative: prices paid range from $10,000 to $100,000, according to White, with U.S. soldiers fetching the highest rate...
...compensation is something that deserves additional scrutiny. One of the things that will emerge from the Grasso investigation," he says, "is the failure of compensation committees to fulfill their obligations." The Grasso case involves some of the most high-profile executives on Wall Street--the people who approved his payout in the first place...