Word: retainers
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Dates: during 1980-1989
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Last week, with payroll checks bouncing and losses again mounting, Ruhe and Geissler agreed to step aside as part of a deal to save the firm. Under the new plan, they would retain some 15% of the stock but relinquish all control of the news service. U.P.I. President Luis Nogales, who was fired by Ruhe just four days before the agreement, will return to run the company. The terms also call for U.P.I.'s trade creditors to forgive the bulk of its $23 million debt in exchange for a 30% to 40% interest in the firm; most of the remaining...
...fill out detailed personal history forms and provide references attesting to their sailing skills. Sometimes they must also demonstrate their knowledge of the yacht they will use. "Look out for the guy wearing new Topsiders," says David Gegg, owner of Sail Belize charters in Belize City. The operators all retain the right to put a professional skipper aboard (at an extra cost of about $65 per day) as an added precaution. Most charter firms keep a "chase boat" on hand in case some happy-go-lucky sailor has a close encounter with a reef...
...building represents a type that is becoming rarer and rarer around Harvard Square," said Kathy Spiegleman, an official of the Community Development Department, who said she would prefer to retain the old structure in the University's new design...
Clubb will retain her post at Berkeley during her five-year term as director...
...Starting at 3:30 a.m. last Jan. 14, more than 20,000 people lined up for a chance to buy at least one of 100,000 shares offered by Yanzhong Industrial Corp., whose products range from clothing to copiers. Investors paid about $18 apiece for the shares, which will retain their initial value while paying annual dividends of about 13%, compared with the bank savings-account interest rate of 5 3/4%. Although the shares can be resold only to the company or the Bank of China, the January offering has stirred cautious discussion about reviving the once thriving Shanghai stock...