Word: payouts
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...fees paid as a result of the nationwide tobacco settlement between a number of states and the tobacco industry. The settlement compensates the states for the damage caused by cigarettes to their citizens' health to the tune of $200 billion over 25 years. As a result of the huge payout, the lawyers who represented the states in these cases and who negotiated the settlement stand to collect fees of more than $10 billion over the next 20 years. Bush's proposal, which has not yet been introduced in Congress, aims to take a substantial portion of those fees and give...
...more money than I did on the Super Bowl, none lost theirs as stupidly. On Nov. 10, I overheard my co-worker Josh Tyrangiel, who is from Baltimore, say he was going to put $10 down in Vegas on the Ravens' winning the Super Bowl, for a 20-1 payout of $200. Despite the fact that I knew nothing about the Ravens, oddsmaking, or, sadly, something called "the vig," I was convinced he was wrong and offered to be his bookie. Turns out accepting one bet isn't how most bookies make their living. Oddly, collecting garbage...
...situation looked even worse. The company says pension income may decline $238 million or more in 2001. Most investors probably aren't aware that Northrop--like a host of other companies--has been relying on proceeds from its pension funds (which retirees count on for a defined benefit payout) to contribute to more than half of the company's bottom line...
...really didn't begin until he gave up drinking in his 40s, took off suddenly when he got control of the Texas Rangers. Party elders started urging him to run for Governor. Jeb had already decided to run again, having made his millions (although W.'s $14.9 million sweetheart payout for his share of the baseball team gave him more, faster). Jeb told the New York Times--when his jokes turned up in W.'s speeches and when odious comparisons (like this one) became commonplace--how he feared that the brother thing could turn into a PEOPLE magazine story...
Corner offices don't stay vacant for long; the board organizes a search committee even before the fired CEO departs with a large payout. Lucent is looking for a boss with a technical background and experience in rationalizing businesses. The pay is great, the perks are plentiful, and you get your very own jet. Just don't have the seat pillows monogrammed...