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...year contract at $750,000 per annum plus a bonus this year of about $8 million and 8 million stock options. So what's Mike O. going to do now, since he obviously can't go to Disney World? Maybe some sailing. He bought himself a new yacht. Its name: Illusion...

Author: /time Magazine | Title: People: Jan. 20, 1997 | 1/20/1997 | See Source »

...Keefe soon found himself on English Bay aboard Ray Loewen's yacht, the company's secret weapon in the subtle art of funeral-home acquisition. Traditionally, the funeral industry has been dominated by family-run operations. Even now consolidators own only about 10% of America's 23,000 funeral homes, although these tend to be prime properties in key markets and account for an estimated 20% of the country's funerals. Wooing the owners often involves a good deal of soft salesmanship--chats over coffee and impromptu visits to talk about "succession planning," the industry's euphemism for transferring ownership...

Author: /time Magazine | Title: FIGHT TO THE DEATH | 12/9/1996 | See Source »

...Timme Angsten Reg. (at Chicago Yacht Club...

Author: NO WRITER ATTRIBUTED | Title: Fall 1996 Sports Schedule | 9/13/1996 | See Source »

...Chicago Yacht Club...

Author: NO WRITER ATTRIBUTED | Title: Fall 1996 Sports Schedule | 9/9/1996 | See Source »

...island management keeps its tenants' identities a closely guarded secret, enforced by a 45-member security force that patrols the 216-acre island. The only access to Fisher Island is by private ferry, helicopter or yacht. If that doesn't keep the hoi polloi at bay, then property prices averaging nearly $2 million will...

Author: /time Magazine | Title: Notebook: Aug. 26, 1996 | 8/26/1996 | See Source »

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