Word: sales
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Dates: during 1980-1989
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Johnson could afford to be philosophical: he can now pull the rip cord on a "golden parachute" worth at least $30 million. Besides a lucrative severance package, Johnson will reap large profits from the sale of his more than 235,500 shares of RJR stock...
...help promote the release of the Lady and the Tramp cassette, paying a $500 "honorarium" -- her only share of the video's $100 million in revenues. Lee contends she deserves a larger cut on the ground that her 1952 contract denied Disney the right to make "transcriptions for sale to the public" without her O.K. Disney states only that the suit is "without merit...
...enrich him and seven of his top executives beyond the dreams of Midas. In exchange for $20 million they would put up for an 8.5% stake in the new company, Johnson and the seven other executives would see the value of their investment jump to $200 million when the sale was completed. That was only the beginning. By doing some simple arithmetic, critics of the plan calculated that the eight men's holdings, which were scheduled to grow to 18.5%, could be worth $2.6 billion within five years if they turned RJR Nabisco into a leaner and more profitable enterprise...
...stockholders, executives can cash in their old shares at a profit even as they become owners of their firms. The managers are then free to sell parts of the business at a handsome profit. The ultimate payoff comes when they put their companies back on the market. The sale of well-run corporations can return up to 100 times the amount of a manager's original investment. With investors lured by such prospects, the value of completed LBOs soared from just $13.4 billion in 1984 to $76.8 billion so far this year. Since 1985, four of the ten largest...
Juba is a city of wanderers roaming hopelessly through muddy streets in a desperate search for food. Silent women with empty plastic buckets throng the 2-acre Konyo-Konyo Market, scavenging through its hundreds of barren wooden stalls. Only weeds, leaves and lily pods are for sale, at 50 cents a miserable bunch. Even the richest cannot find food here. A civil servant like Michael Apollo eats only one bowl of boiled weeds a day and sends his family to beg at emergency feeding centers. Everywhere people thrust themselves forward, baring their bony chests and screaming, "Look how hungry...