Word: capped
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Nothing is as bothersome to corporate CEOs as the annual ritual of subjecting their compensation to outside scrutiny. Disclosures of king-size pay packages and royal perks regularly rouse public resentment and shareholder revolts, not to mention congressional calls for reform. Unable to cap the criticism, the bosses are moving quietly but aggressively to plug the flow of information. In their cross hairs are the compensation consultants who prepare the data under contract with big corporations. Led by the Business Roundtable, the captains of industry have issued veiled threats to consultants who share information with journalists, financial analysts and regulatory...
...celebrate his victory in the hostile takeover battle for Trans World Airlines in August 1985, corporate raider Carl Icahn donned a pilot's cap and uniform jacket and paraded triumphantly around his Manhattan office. The parade didn't last long. Plagued by labor strife, mounting losses and bruising competition, TWA became more of a financial straitjacket for the erstwhile wizard than the trophy he had envisioned. In recent years, as he struggled to keep the now bankrupt carrier aloft, Icahn groped for a graceful way to bail out. Despite near frantic efforts, he was unable to find a willing buyer...
...campaign buttons are strictly prohibited from accepting anything larger than $5, Perot's stated limit for personal contributions. There is a fear that a "supporter" who hands over a $10 bill and says "Keep the change" just might be a reporter or opposition mole trying to test whether the cap is truly being heeded...
Just what was in those notes that got CAP WEINBERGER indicted last month for committing perjury and obstructing the congressional investigation of Iran- contra? Since Weinberger's handwriting is virtually unreadable, the Iran- contra committee had to persuade his former secretary, Kay Leisz, to translate. One note supposedly read, "McFarlane called re price of HAWKS for Israel." Said another: "McFarlane called re HAWKS and TOWS for Israel." Both could refer to illegal arms transfers to Iran in 1985. Said a source who has reviewed some of the notes: "Jeez, it sure looks bad." But he adds optimistically, "There is substantial...
Until he was 14, Noah R. Feldman wore a baseball cap when he went out of the house. Since then , he has worn a yarmulke...