Word: reaping
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...lunches and dinners laced with vintage wines and intermittent sets of tennis, the partners added up the benefits and disadvantages of a merger. By selling out, most of them, like Henry Kaufman, the firm's well-known chief economist, would become millionaires several times over. Gutfreund stands to reap $25 million to $30 million as the biggest winner of the deal. But the Salomon partners would be losing the autonomy and privacy that comes from being controlling owners in the fast-moving world of bond trading and investment banking. "What we were giving up was sentimental and wonderful," said...
...four buildings slated to open this summer, L'Elysee, will reap a whopping $68 million for its 109 units, according to the French Najar brothers, builders of the 20-story golden tower. Two-bedroom condos will be a steal at $500,000. Top of the line: $11 million seven-bedroom penthouses at the Wilshire House, with a Rolls-Royce and vanity license plate thrown in. The Rolls may be necessary just to navigate across the 7,000 sq. ft. of floor space, which stretches from one of the eight bath rooms to the climate-controlled wine cellar...
Former CIA agents and U.S. suppliers reap profits...
...requires an initial deposit of $5,000, but the money earns a high return-last week 17.43%-and investors can write checks (of $500 or more) at any time. Better yet is Merrill Lynch's Cash Management Account. Customers with $20,000 to invest can not only reap high money-market yields but also write checks of any amount or use their accounts to pay for purchases with VISA debit cards. Some 300,000 people have opened Cash Management Accounts, which are available in 35 states, and another 1,000 are joining the program daily...
...School is not playing a zerosum game, as they would say on Boylston St. It will continue to grow, striving to become the Harvard Business School of the public sector. Few students and faculty would argue that it should restrict such expansion, since both reap the benefits of increased prestige, but some feel that in an effort to grow, it has forgotten them. Porter sums up the combination of concern and optimism. The K-School, she says, is "doing a lot of things. It's having growing pains...