Word: pensioned
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Dates: during 1980-1989
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Dale McKussic (Mel Gibson) is your basic existential hero of the California '80s: humanist hunk, thoughtful father, loyal friend, gentle lover and, oh, yes, a cocaine dealer. Now he wants to retire -- no pension, thank you, but no penance either. No police heat courtesy of an old-buddy cop (Kurt Russell). And no mortal wounds from rival coke kingpins or Mexican comandantes (Raul Julia). Just a cozy table for two with a hard-to-get restaurateur (Michelle Pfeiffer) who chirps skepticism like a tequila mockingbird...
Harvard contended that it did not have any control over the decision of KKR to take over RJR and claimed that it could not back out of the deal. The Commonwealth of Massachussetts pension fund, which had also originally committed funds to KKR's limited partnership, pulled out because it did not approve of the hostile takeover process or RJR's connections to South Africa. Harvard's administrators, however, saw nothing wrong with donating University resources to this scheme...
...public sentiment in favor of unions and exerts enormous community pressure upon the folks in the boardrooms. It involves the personal lobbying of political figures on behalf of unions; stresses an executive's personal accountability for his corporate decisions; and involves massive research on corporate relations--such as how pension funds are invested, or which members of the board may have a conflict of interest...
Bankers, too, are taking a harder look at the risks, and some junk-bond buyers are becoming picky. While cash has poured in from such staid investors as the Harvard and Yale endowment funds and many state pension plans, other money managers are refusing to play. Says New York City comptroller Harrison Goldin, who oversees the investment of some $30 billion in pension funds: "I cannot condone activities that divert so much time and energy from investments that create new jobs and opportunities to those that reshuffle chairs. Pension-fund managers are supposed to invest in the American economy...
Instead of a pension, however, Samson now gets a whole new Deighton trilogy, beginning with Spy Hook. Line and Sinker are the titles of the projected other novels, suggesting an activity more passive and a lot murkier than tennis. In this new work, Deighton's temptingly baited plot lines run dark and deep. The first half offers more nibbles than bites as Samson discovers just how little his bosses want him to know about their intelligence operations...