Word: rossing
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...city is hardly alone. The California Public Employees' Retirement System, better known as CalPERS, handed out a pension check last year for $272,200 to a retired university professor. A former water-district general manager collected $206,300. CalPERS, by the way, invests in vulture funds formed by Wilbur Ross, the New York billionaire who specializes in buying bankrupt companies, slashing costs and then selling the firms for an oversize profit. Among the costs pared: pensions. In short, a public-employee pension fund makes money from the killing of private pensions...
...million annual compensation as a bargain considering what he made for the shareholders. In a disastrous year, there were, as the annual reports say, a number of factors. If top executives mess up so badly that they have to be canned, they get paid for that too. (F. Ross Johnson, who botched the leveraged buyout of RJR-Nabisco badly enough to lose the entire company, was handed $53 million on his way out the door.) Top executives of major corporations are the only Americans who do business in a totally risk-free environment...
...obstacle to peace," using terminology from the Reagan and Bush years that his Administration had dropped. For Netanyahu, says a senior State Department official, "it was a very strong wake-up call." Concerned that Israeli-Palestinian negotiations would peter out, or that violence would again erupt, Clinton dispatched Dennis Ross, the State Department's special Middle East coordinator, to Jerusalem with a mission to hammer away until Hebron was done...
...Ross was also primed to soften up Arafat. "Arafat was stung by some of the things communicated to him about how the outcome of the talks would affect his relationship with Washington," says a negotiation insider. "With U.S. support for him eroding, he had to decide whether he'd got as much as he could. Ross persuaded him he had." Still, at week's end the Palestinians were holding out for written Israeli assurances that three further Israeli withdrawals in the West Bank countryside would take place according to a specific schedule, ending preferably by next September...
...Ghostface Killah (of Wu-Tang Clan fame) and Aqua Teen Hunger Force’s Master Shake, the album is unusual to say the least, but unusual in an undeniably entertaining way. The party is being put on by Adult Swim, and more specifically their college representatives from Harvard, Ross E. Arbes ’08 and Robert I. Padnick ’09. With DJ Shiftee (Samuel M. Zornow ’08) playing a set comprised mostly of a combination of the new album and MF Doom’s earlier work, with some M.I.A. and Kanye West...