Word: payouts
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There's a party-line payout too. Just three weeks before it was acquired, MFS paid the equivalent of $60 a share in stock to acquire UUNet, an Internet-access provider that went public in 1995 for $14 a share. When WorldCom snapped up MFS last week, the former UUNet shareholders also had plenty of reason to celebrate: they found themselves holding stock worth some $98 a share. That's a nice return for a company that earned just $469,000 last year...
...racial friction was about as much of a problem as overcrowding. When the New Frontier evolved into the Great Society, he voted against some War on Poverty measures like public-housing subsidies and the bill that established Medicare. But his Small Government conservatism was open to the Big Government payout opportunities of the '60s. After his 1966 election to the Senate, Dole's first floor speech was a plea for federal aid for the handicapped. A few years later, he would join Senator George McGovern to ease eligibility for federal food stamps, a liberal priority that happened to be supported...
...posh digs at Kensington Palace. Still on the table: hanging on to the title Her Royal Highness. And for Charles? The Prince keeps his right to the throne and gets time with Camilla Parker Bowles. But he may have to float a loan for the princely Diana payout: he makes only $7.5 million a year...
...special session this week to consider an outright ban on both types of games. Last week Kansas and Maryland legislators defeated measures to allow slots at racetracks and off-track betting parlors. In the past three months nine states have turned aside efforts to introduce casinos, slots and instant-payout lottery games (which are considered particularly addictive...
...ensuing affiliate scramble, the established networks found themselves forced to boost the amount of money they pay their affiliates for airing network programs. NBC's payout alone increased by a reported $100 million a year. Further insult arrived when NBC learned that a company funded jointly by Fox and Savoy Pictures had made a deal to buy four NBC affiliates and realign them with Fox. Says an attorney for a competing network: "Murdoch pushes and pushes and pushes until somebody says, 'Stop! Enough...