Word: rakings
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...create. Recently ITT sold five Sheraton hotels for $200 million, without competitive bidding, to FelCor Suite Hotels, the largest owner of the Embassy Suite hotels. Then it quietly put the luxe St. Regis hotel, off Manhattan's Fifth Avenue, on the block, even though New York hoteliers stand to rake in profits for years. "ITT management is willing to do anything to keep their jobs," is the blunt assessment of David Wolfe, who follows the lodging industry for the investment firm Oppenheimer & Co. "They are not as concerned about shareholder value as we thought...
...couple of hundred million dollars. We're proud of the fact that the rich fat cats (of this country) don't give our party as much money, but, as a result, it becomes necessary for Democrats to kick and scrape to approach the amount of cash the Republicans rake in. Fundraising comes easy to Republicans; Democrats have to reach for something more. The defenders of Clinton obviously recognize the ethical issues involved in his fundraising tactics. But as far as they're concerned, if they are going to donate their time to a campaign, their candidate should at least begin...
...birth early yesterday evening while a surgical-robe-clad Jackson looked on, tenderly murmuring, "My beautiful little boy." Other tabloids focused on what they said were the couple's unusual financial arrangements. One said that Mrs. Jackson will receive $1.24 million for bearing her husband a child and will rake in $2.4 million for Jackson to receive custody if the couple ever divorce, while a London paper put the payout at a relatively modest $528,000 for Jackson Junior's birth and said that the couple had used artificial insemination -- two charges that Jackson heatedly denied. The Jacksons left...
That, however, doesn't guarantee it will rake in 'wow' revenues in this millennium. The flurry of product announcements at CES does indicate that after years of broken promises, DVD is ready to roll. "The good news," says Briesch, "is that we're starting a business in 1997." The bad news is that the emphasis is on starting. The term DVD encompasses various products, many of which won't have reached your local Radio Shack by the time you start planning your Year 2000 party...
...cash? Here's one way to make tens of millions of dollars without even being good at your job! It's simple. First, be MIKE OVITZ. Next get hired by Disney and do such lame work that the Mouseketeers terminate your contract 14 months later. Then you'll rake in almost $40 million in severance pay and 3 million stock options. If you hang on to those until 2002, there's a good chance they'll be worth about $100 million. Otherwise, be good at your job, like Michael Eisner, and Disney will give you a 10-year contract...