Word: yachting
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Dates: during 1990-1999
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...fewer than four federal agencies are looking into the creative- bookkeeping practices that enabled the university to bill Uncle Sam for depreciation on a 72-ft. yacht; faculty discounts on tickets to athletic events; and a percentage of the cost of flowers, bedsheets, tablecloths and antiques for the president's house. In January, Stanford agreed to refund $500,000 in government money used to maintain three university-owned houses, including the president's, and to pay back more than $180,000 on the yacht, a charge that the school said was an accounting error. But Dingell, who has hyperbolically likened...
Testimony by the witness, Ramon Navarro, allegedly tied the ousted Panamanian dictator and the co-defendants directly to the drug-smuggling voyage of the luxury yacht Krill, the central issue in the case...
...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...