Word: payouts
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...obsession -- at the FDIC and the Federal Reserve is that large depositors might become so concerned about their money that at the first sign of trouble at an institution they would take it elsewhere, effectively breaking the bank. Analysts like Shaw have proposed that the FDIC restore its "modified payout" system, under which uninsured depositors get a prorated share of a failed bank's remaining assets...
...college presidents abound. Television and the money it provides to broadcast games have corroded the soul of the sport. Each of the 64 teams to earn a bid to the NCAA tournament receives a payment of around $286,000. If a team makes it to the Final Four, the payout is a whopping $1,146,000 more. Some coaches wear $300 shoes and earn six-figure incomes. The temptation to cut moral corners in pursuit of the pot at the end of the rainbow is immense. Carril wants none of that. When someone asked him if he was disappointed...
...slammed into Charleston, S.C., with 135-m.p.h. winds. Its swath embraced coastal resorts and barrier islands well into North Carolina, leveling seaside homes and leaving communities isolated and without power. Eleven people were killed, and insurance experts predicted that the covered damage costs may exceed $753 million, the record payout caused by Hurricane Frederic...
B.A.T immediately slapped down last week's bid. Chairman Patrick Sheehy described the offer as "no more than an ill-conceived attempt at destructive financial engineering," designed to give the raiders a quick payout by stripping the company's assets. London investors questioned the feasibility of Goldsmith's financing, while corporate chieftains feared he might set off a rash of leveraged takeover raids...
...would support him. After all, he had treated the outside directors on RJR's board well, paying them lavish fees and providing access to the company's corporate jets. Moreover, his offer was the largest leveraged-buyout bid in history and would give RJR's stockholders a rich, immediate payout...