Word: repays
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...chairman's perks, saying that the sex conglomerate's sales "are closely related to public recognition of its role in promoting a particular style of urban living." But last week the company's internal audit committee announced that Hefner and four other officers would have to repay $918,413 in improperly documented or unapproved expenses. Hefner's share...
Although the SEC is unlikely to press its inquiry now that Hefner has agreed to repay the company, Playboy is still contesting an assessment of about $13.4 million in taxes due the Internal Revenue Service between 1970 and 1976, including $ 1.4 million that taxmen say Hefner owes for his use of the mansions. Nor is this an end to trouble in the hutch. Bunnies are no longer multiplying like rabbits, and for the first time Playboy Clubs are having to hustle for bustle. Evidently, being a bunny these days, like being a playboy, is not what it used...
High as the price may be, the nation's honor requires that we now repay the Shah's [Dec. 10] long and faithful friendship with a permanent refuge in this country. No pious hypocrisy can wash away this obligation...
...measure, however, is far from a pure giveaway. For one thing, the loan guarantee is not a handout but simply the Government's pledge to reimburse private parties for the money, up to $1.5 billion, that they lend to Chrysler if the auto firm is unable to repay the loans. This promise should enable Chrysler to return to the money markets that have been closed for the past year. The automaker, moreover, will pay the Treasury an annual fee of at least 1% of the sum guaranteed...
...million by selling financial notes to banks and other investors. Analysts at Moody's Investors Service, which rates the quality of investments like the school board notes, gave the notes only a low, "MIG-4" rating. Reason: the board planned to use some of the money to repay other borrowings, made in 1978. But the board had pledged to repay the 1978 notes from its own revenues, not by additional borrowing. Said one Wall Street analyst: "They naively thought the market wouldn't react negatively to the change...