Word: rand
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...sets prices arbitrarily, so they bear no relation to the actual market value of the planes, tanks and missiles produced. The weapons programs were measured by input: so much steel, titanium and manpower. "The Defense Ministry simply ordered up weapons," says Abraham Becker, a senior Soviet specialist at the Rand Corp., "and the Ministry of Finance paid the bill. Finance didn't know whether the weapons were needed, and Defense didn't know whether they were worth the cost...
...with the F-15. Being as good as the Soviets' best is not good enough, especially when flying against an enemy that may have its entire air force at its disposal. "When you're a pilot, you don't want equality," says Ben Lambeth, a senior analyst at the Rand Corp. "You want to be the biggest gorilla in the sky." Thus, the emphasis on stealth and other technologies that give pilots the capability called "first look, first kill...
Talk about chutzpah. Did ITT chairman Rand Araskog deserve the 103% raise that jacked his pay up to $11.4 million last year and made him one of America's best-paid executives, even though his company's profits rose just 4%? No way, say furious investors led by the California Public Employees' Retirement System, the largest U.S. pension fund. Calpers, which holds 1.15 million shares of ITT stock, or about 1%, is so steamed over Araskog's raise that it has threatened to vote to oust the company's directors at the annual meeting next week...
...earned $10.6 million in salary and stock in 1989, more than three times the average for CEOs of the 200 largest U.S. firms (his 1990 compensation: $11.2 million). His board members earned $75,000 in cash and benefits, a solid 70% above the $44,000 average. At ITT, chairman Rand Araskog earned $6.4 million in 1989, more than twice the average (his 1990 pay was $11.1 million), while his directors were paid...
...year. But the Soviet economy is in such dire straits that it cannot provide the enormous amounts of money necessary to create the entire industries needed to duplicate U.S. battlefield technologies. "To be able to do as the allies did in the gulf," says Abraham Becker, director of the RAND-UCLA Center for Soviet studies, the Soviets "would have to revolutionize their economy." That is something Gorbachev has so far been unable to manage...