Word: payout
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Dates: during 2000-2009
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...RESIGNED. CHRISTOPHER GENT, 54, cricket-loving chief executive of Britain's Vodafone Group who rode the telecom boom and transformed the small FTSE company into the world's leading mobile-phone operator; in London. Vodafone chairman Lord MacLaurin said Gent stepped down over media criticism of his $19.8 million payout last year, when Vodafone recorded a $21.6 billion loss and its share price fell by a third. Gent's successor is Arun Sarin, head of Vodafone's U.S. ventures, who takes over in July...
...basketball court, turned a profit of $2.4 million on total revenue of $9.5 million. Most of the money went to fund general programs, such as services for the elderly and young people, as well as education and economic development. But even if there had been profit sharing instead, the payout would have worked out to a daily stipend of just 16¢ for each of the 41,000 tribe members...
...troubled United Airlines' request for $1.8 billion in aid last week, executives at Continental Airlines and Northwest Airlines must have patted themselves on the back. In an unusual display of ganging up on one of their own, the two carriers had for months aggressively and publicly lobbied against the payout. But now the carriers, along with Delta Airlines, are pushing to form an unprecedented three-way alliance that is causing even more consternation among their competitors. The three airlines have asked the Department of Transportation (DOT) to rapidly approve the alliance, which would allow the carriers to "code-share...
When the long shot Volponi took the Breeders' final race, the winner's payout from the $3.4 million pari-mutuel pool was enormous and immediately suspect. "If the payoff had been $70,000 [per ticket] instead of $400,000, we might not have known," says Bill Nader, senior vice president of the New York Racing Association. "To that end, we were very fortunate...
Frist concluded the rundown with a prediction of Republican victory if he had the financial support of the Republican National Committee. By the end of the campaign, the R.N.C. would give $15 million to Frist, seven times as much as its 1998 payout. That dinner launched a coordinated recruitment effort unprecedented in recent memory. Bush himself made the call to Thune; in Minnesota, Vice President Dick Cheney called Tim Pawlenty, the Republican majority leader in the Statehouse, just 90 minutes before he was set to announce his bid for the Senate and asked him to stand down so that Coleman...