Word: clients
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...influence in baseball. Superagent Boras is responsible for some of the largest contracts in the history of the game, many of which smell suspiciously of price gauging. Now that the Nationals have secured the right to sign Strasburg, Boras is reportedly demanding a $50 million contract for his young client. This ridiculous sum is simply not the fair market value for a pitcher who has never played an inning of pro ball. Moreover, teams pass the cost of such inflated contracts along to the fans in the form of increasingly unaffordable ticket prices. Because Strasburg’s career remains...
...with various ethnic groups since 1948, although some have signed cease-fire agreements with the government. The regime has been accused of torturing its political prisoners. But China and Russia have opposed any Security Council action on Burma. China, which views Burma as a resource-rich, strategically important client state, is seen as the regime's strongest backer in the international community. "It's time China realized that having instability on its border with Burma is not in its best interests," Stothard says, adding that tensions were increasing between the military and ethnic armies in Burma based near the China...
...taking advantage of others. Goldman is the only Wall Street firm so far to have paid to settle charges - $60 million to the state of Massachusetts - for creating the rotten mortgage bonds that were at the heart of the recent financial crisis. And get this: contained in Goldman's client form is this disclaimer, "You acknowledge that we may monitor your use of the Services for our own purposes (and not for your benefit)." The firm seems to be announcing out loud that it plans to trade against its clients...
...Madoff's lawyer, Ira Sorkin, had asked for only a 12-year sentence for his client, noting that Madoff's advanced age meant he has a life expectancy of only another 13 years. "A prison term of 12 years - just short of an effective life sentence - will sufficiently address the goals of deterrence, protecting the public and promoting respect for the law," wrote Sorkin in a letter to the judge last week. He said his client was seeking "neither mercy nor sympathy" and recognized the "anger and resentment" in the victims' impact statements, but felt they were looking...
...Corgan sent Congress a letter gushing support for the proposed merger. The letter was an about-face for Corgan, who in the past was critical of Ticketmaster's system and opted to use Jam Productions instead of Live Nation for some of his tours. However, Corgan is now a client of Azoff's Front Line artist-management company within Ticketmaster...