Word: pocketed
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...management. As Weiner notes, "A lot of people, particularly physicians, have criticized the many millions of dollars of profits ceos of U.S. Healthcare and other for-profit managed-health-care companies have made." Leonard Abramson, the founder of U.S. Healthcare, whom Compton hails as a "visionary genius," stands to pocket some $920 million in cash and stock from the merger--not bad for a guy who drove a cab to put himself through pharmacy school. Last week Abramson boasted, "We intend to set the standard against which all health-care companies will be measured...
While some incentives seem to pull in enough new jobs and taxes to recoup the lost revenues, other giveaways fail to do so. The pain is most acute when corporations pocket the money and then cut their work force or defect to a new location. New York City knows the feeling only too well. In a case that still rankles, it handed AT&T $20 million in tax relief in the 1980s, only to see the phone company later disconnect and move most of its corporate staff to New Jersey. Still, the city is frenetically defending its turf with handouts...
...Louis is an exception. On two recent nights some 70% of the Casino Queen's patrons were white, many of them from across the river in Missouri. "Casino gambling is a shell game," explains Earl Grinols, a University of Illinois economics professor, "attracting dollars from one person's pocket to another and from one region to another...
...USED THE MINIATURE TAPE REcorder for a graduate-school course she was taking. The device, though, would do much more than capture a lecture. It was a microcassette found in Kathleen Weinstein's shirt pocket that not only led police to her alleged killer but also revealed the New Jersey teacher to be a woman of extraordinary courage and compassion...
...powers of persuasion were to no avail. Weinstein's body, with hands and feet bound, was discovered by a hiker on March 17. She had been smothered with her coat. But before she died she somehow slipped the cassette into her pocket without her killer knowing it. Because Weinstein had asked LaSane about himself and his family, police quickly had their suspect, the son of a county probation-department employee. "Our impression was that she was very aware she was leaving something behind," says Carluccio. He will not comment on LaSane's side of the conversation except to say, "When...