Word: yachted
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Congressional critics blasted Stanford University earlier this year after reports that the top-ranked school had charged taxpayers for floral arrangements and upkeep on a yacht. Several months later, under pressure from a General Accounting Office (GAO) investigation, Harvard publicly announced that it was withdrawing $500,000 in questionable charges from this year's request for federal reimbursements...
Clifford also arranged and played in Truman's famous eight-man poker games on the presidential yacht, where he became friendly with powerful politicians who proved useful when he set up his law practice in 1950. Deflecting job offers from several Presidents, Clifford since then has served only nine months in public office. The most compelling chapters in his book cover 1968, when, as Secretary of Defense, he overcame much of the Washington foreign policy and military establishment in the "war for the President's mind." He and a few allies persuaded Lyndon Johnson to try to "extricate our nation...
American Express never really wanted a 282-ft. yacht. Bankers Trust isn't sure what it will do with the Grand Hyatt in midtown Manhattan, especially in the middle of a recession, nor is Manufacturers Hanover exactly giddy about owning the Regency Hotel in Atlantic City. But then Citicorp is not exactly cut out to be a retailer or an airline operator, either...
That's one way of describing what has befallen him. While he will give up his beloved Trump Princess yacht, the Trump Shuttle, the Regency, his half- interest in the Hyatt and his 27% interest in the Alexander's store chain, he will retain the Manhattan trophies he values most: the Plaza Hotel, Fifth Avenue's Trump Tower and a valuable tract of undeveloped Hudson River waterfront. He'll also keep his lavish Mar-a-Lago estate in Palm Beach, Fla., which features a 118-room mansion and a nine-hole golf course...
...giving up the Trump Shuttle, his yacht, The Trump Princess, and other properties, the developer could keep such prizes as the Plaza Hotel, Trump Tower and his three Atlantic City casinos while slashing his debt...