Word: later
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Dates: during 1990-1990
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Hold the Phone The trustees of Washington's American University offered the school's former President, Richard Berendzen, a $1 million settlement after he pleaded guilty to making obscene calls to a female day-care worker and resigned his post. The deal caused such an uproar that a month later it was rescinded. But Berendzen still gets some $380,000 in severance pay and works as a full professor in the physics department (he's an astronomer) at about $70,000 a year...
...economy began to shrink, Democratic Governor Mario Cuomo did not react fast enough. Facing a $1 billion deficit, the state legislature met in special session two weeks ago to adopt a package of cuts that nibbled at school spending and hospitals. When Cuomo took off for ^ Washington three days later to deliver a speech that warned about federal budget deficits, he may have hoped his troubles were over for a while. No such luck. On the same day Republican state comptroller Ned Regan announced that because revenue projections had been too optimistic, the state was still facing a budget shortfall...
Father of His Country Germany's Helmut Kohl, derided by political rivals as a colorless dolt, surprised nearly everyone by how skillfully he managed the blitz of political changes in his country. Just 328 days after the first hammerblows fell on the Berlin Wall, Kohl presided over unification, and later saw his leadership affirmed in the new nation's elections...
Solid-Gold Mogul Music-and-movie hitmaker David Geffen made a shrewd move in April when he sold his record label to MCA for about $550 million of that company's stock. Just seven months later, when Japanese giant Matsushita bought MCA, the value of Geffen's holdings zoomed to $700 million. It's all in the timing...
From Champ to Chump Buster Douglas sucker-punched the boxing world by knocking out heavyweight champion Mike Tyson in Tokyo last February. But success went to his stomach -- he became more interested in the banquet table than the boxing ring. Eight months later in Las Vegas, in his only title defense, the 246-lb. Douglas lasted less than three rounds against a leaner and hungrier Evander Holyfield...