Word: sales
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...District building to the city for $2.9 million—an extremely profitable deal for the partners since Cassell had originally bought the entire Garment District lot for only $3.4 million. Cassell and Halperin will be keeping the majority of their land for the store. The proceeds from the sale will fund much-needed renovations to the 115-year-old textile factory building, saving the Garment District from falling off Cambridge’s list of unique haunts...
...being “an ethical recycling company” is not just talk. Each year, The Garment District, Inc. processes millions of pounds of clothing, much of which is purchased from charity organizations who need the revenue. Only about a third of the clothes are tagged for sale. The Garment District sends the rest to developing countries. Even as he sells the plot behind the store building, Cassel is ensuring that his philanthropy will continue. The city will contract with CASCAP Inc., a private nonprofit land developer to build approximately 32 units of affordable housing. Construction will start next...
...first wave is already in. John Aldeborgh, a sales executive at Varian Semiconductor, got to keep his company-leased Porsche as part of an exit package approved earlier this month. Tyson Foods CEO John Tyson, who took home $4.3 million in salary and bonus last year, got another $324,472 in personal use of the company jet. Fast-food restaurant Jack in the Box spent more than $51,000 on financial planning for outgoing CEO Robert Nugent, who made $2.1 million in salary and bonus, and presumably can pay for his own investment advice. There?s been disclosures...
...shameful that lobbyist Jack Abramoff bought Washington, but it is reprehensible that members of Congress took part in the sale." PRISCILLA BROWN Cedar Falls, Iowa...
TIME's headline said it all. But you can't buy what isn't for sale. When are American voters going to demand elected leaders who will put the common good of the people above their self-interest? If we keep electing incumbents with FOR SALE signs hanging from their necks, we will get what we deserve: a government of the rich, by the rich and for the rich. WAYNE JACOBSEN Moorpark, Calif...