Word: pension
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...asked an elderly woman living on a pension, "how long will we have to live with the wall?" Carter scored points for candor when he replied softly, "I don't know. I can't give you a better answer, but that's the truth...
...that standard, lacocca will be officially free to buy the boss a drink after Oct. 15, the day he goes off the payroll and, not coincidentally, his 54th birthday. By allowing lacocca to stay on until then, Ford will be swelling lacocca's annual pension to more than $100,000, though the de-hired executive is hardly the retiring type. He has given "no thought to what I'm going to do at all, literally none," he says. "Education, business, government, fishing-I don't know." He would not mind being an independent Ford dealer. "Maybe there...
...Proxmire also claimed that Miller was not expert enough in financial markets. In fact, Miller had been a director of the Boston Federal Reserve Bank for seven years, and FORTUNE judged him "a whiz" at managing Textron's pension funds. In early 1974 he took management of those funds away from banks and shifted most of their assets from stocks into bonds. The move was well timed and caused Textron's pension funds to prosper far more than funds generally from then...
...investigation into the case soon stalled. But when Provenzano went to Lewisburg Penitentiary in 1966 for shaking down a trucking firm executive, he became embroiled in a vendetta with a fellow inmate, former Teamster President Jimmy Hoffa, who had enraged Tony Pro by denying him a union pension. Both were eventually set free, and mob leaders summoned Hoffa to a peacemaking conference with Provenzano in a Detroit parking lot on July 30, 1975. Hoffa has not been seen since...
Richardson began picking up his $500-per-month pension, married a widow and embarked on a new career--his first since 1944, when he ran away from Plymouth, Mass., at the age of 16, to join the Merchant Marine. The Harvard job opened up while he was shelving books at Houghton Mifflin, and he recalls jumping at the opportunity...