Word: payment
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...junk bonds, which are high-yield, high-risk securities, are often used to finance takeovers, Milken and other Drexel Burnham employees have had advance knowledge of many big deals and could have passed information to speculators like Boesky. Drexel Burnham admits that in 1986 it received a $5.3 million payment from Boesky for "advisory services." After news of the payment broke, the firm's chief executive, Frederick Joseph, steadfastly ! maintained that internal company investigations had found "absolutely no wrongdoing." Recently, however, Joseph has stopped saying that...
...would propose to create a named Charles and Joanne Dickinson Public Service Endowment at the School. To underwrite the Dickinson Endowment, we would pledge the sum of $500,000 to be payable over a period of not fewer than ten years. Our expectation is to make an initial payment of $250,000, of which $50,000 could be spent on loan forgiveness this academic year...
...free pass? Because, with its 38 million beneficiaries, Social Security is one of the Federal Government's most popular and effective programs. It has vastly improved the lives of America's elderly: a 65-year-old worker who retires this year could receive the top Social Security payment of $789 a month, or 53% of the average national wage. Moreover, retirees regard those monthly checks as their due, a return on their payroll-tax contributions to the Social Security trust fund over the years. They see Social Security as an insurance rather than a welfare program, and this attitude...
...soaring numbers of students who fail to repay their loans has shocked congressmen and sent Administration and college officials running to find a solution. The government's annual payment on defaulted loans will jump 10-fold from $209 million in 1978 to $2 billion by the end of the decade...
Mullinix refused to state the exact amounts the university and the researchers would receive for the license. She said, however, that Genentech had made an immediate cash payment for the right to use the drug, and would also pay royalty fees...