Word: yachted
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...playing it cool. Back in Palo Alto, however, the ongoing federal inquiry has left Stanford a row of red faces. According to that investigation, U.S. taxpayers have helped buy flowers and cabinets for the home of Stanford President Donald Kennedy '52 and cover the depreciation on a 72-foot yacht (complete with jacuzzi), among other perks...
Budget? What budget? When mogul Mario Kassar threw a party at the Cannes Film Festival last year, he spent $200,000 to charter a 203-ft. yacht and used fireworks to light up the sky with the titles and stars of his studio's new films. "It's a competitive market," explains Kassar. "If you're going to do % a party, do it right! The whole world was talking about this...
...Stanford the subcommittee found the university had tagged as indirect costs such expenses as the depreciation on a 72-foot yacht and floral decorations for the home of President Donald Kennedy '52. Stanford has agreed to pay back nearly $700,000 to the government, said the investigator, who spoke on condition of anonymity...
During the probe at Stanford launched by the subcommittee in October, investigators found that the university had been allotting hundreds of thousands of dollars of indirect cost funds to cover the depreciation on a 72-foot yacht, floral arrangements at the home of President Donald Kennedy '52, and the refurbishment of a grand piano at the President's home, according to a report published last month by The Boston Globe...
Stanford officials have admitted that they made a mistake in billing for the yacht and some other items, and the university recently agreed to repay the government $184,286. However, the investigation at Stanford is not yet complete...