Word: unpaid
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Cunningham announced her departure only a few weeks after returning from an unpaid summer sabbatical during which she wrote her memoirs of the turbulent past four years. The book, due in May, will provide her account of the Bendix-Martin Marietta-United Technologies-Allied takeover wrangle. Cunningham wrote the book at the home she shares with Agee, a $1.9 million turn-of-the-century house in Cape Cod's Oyster Harbors. There they have built an office, complete with a partners' desk, from which they will run Semper...
...year, about a 70% cut in salary, he accepted the presidency of the most awesome and diverse and fast-growing and quick-dissolving company in the world. Nine months into his new stewardship, he sold First Travel for $10.1 million. As of Jan. 1, he will become an unpaid Olympic volunteer...
...transferred to cities and towns direct authority over collecting fines for parking violations. With that, Boston computerized its collection operation, bought 10,000 parking meters, hired 95 traffic officers and began using a wheel-locking device known as the Denver boot to immobilize cars with five or more unpaid tickets. In the past fiscal year, Boston took in $22 million in fines and $4 million in meter revenue, quadrupling the take before 1981. The ticket collection rate soared to 70%. "If we hadn't taken these steps," says Vitagliano, "we could have a gridlock so bad that the only...
...Marks & Co. is still fighting a class-action suit against the People's Republic of China to recover losses from Hukuang Railroad bonds issued by the imperial Chinese government in 1911. Last year a U.S. district court in Alabama ordered China to cough up to U.S. bondholders the unpaid principal plus the interest that has been mounting at 5% annually, a total of $41.3 million. Marks also has two suits against the Soviet Union involving $75 million in dollar-denominated bonds issued by the imperial Russian government. The bonds, held by U.S. investors, were repudiated by Moscow after...
...culture of adaptation saves time and energy. It promotes service and flexibility. It enables its members to concentrate on refinements, rather than lose themselves in Promethean false starts. They can treat the whole world as their unpaid research lab. Japan made cars and trucks before World War II, but the prototype that launched the world triumphs of the Japanese auto industry was the American Jeep, a tough, open, naive and compact vehicle that became a common sight in the country after 1945. It was a Volkswagen without a Volk. It showed, as no Buick staff car could, that four wheels...