Word: reapings
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Sculley claims that he was hoodwinked and blames Caserta for tarnishing his image. His suit charges that Caserta made "fraudulent misrepresentations" in order to reap profits on the stock-price increase inspired by his hiring. Indeed, Spectrum shares rose from 3 1/4 to 11 1/8 on the announcement, and a month later, Caserta and two of his top executives cashed in some of their options for a reported $13.2 million profit. It was not until late last month, says Sculley, that he learned of an eight-month-old investigation of the company by the Securities and Exchange Commission...
...University also hopes to consolidate travelarrangement and reap a 10 to 20 percent discountin the future because of its large purchasingpower...
...everybody shares Burton's enthusiasm. Some critics are worried that private companies will use the science council as a virtual R. and D. lab, allowing them to reap the benefits of millions of dollars of federal science money without having to contribute a dime. Others fear that the science bureaucracy will get bigger, not smaller, making it a tempting tool for pork- minded politicians. Paul Romer, an economist from the University of California, Berkeley, questions how effective the NSTC will be at dismantling wasteful or irrelevant programs. "It will make virtually no difference," he predicts. "That spending is there because...
Asian Americans hold a unique position among ethnic groups in the United States. As part of the most recent immigrant group, we reap the benefits of the civil rights movements of the past; but we struggle for acceptance in affirmative action and equal rights programs tailored for the Black and Hispanic populations. American society gives us the opportunity to retain our cultural heritage, yet it pressures us more than ever to blend into the mainstream...
...dividends companies reap from overeager local politicians are staggering: McDonnell Douglas was offered more than $1 billion in incentives for a planned aircraft plant by several competing cities. In 1991, Minnesota offered Northwest Airlines $840 million in assorted goodies for the privilege of hosting a giant aircraft maintenance center. Ypsilante, Mich. earned the dubious distinction of snagging a GM plant at the cost of $1.5 billion in incentives, only to see GM subsequently shutter the plant and shift production to Arlington, Tex., which offered a fresh round of relocation incentives...