Word: settlements
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...Penh in coalition with other parties. Equally important, the peace plan would separate the Khmer Rouge from China, their principal sponsor; in return for having its clients admitted to the political game in Phnom Penh, Beijing agreed to stop supplying them with weapons. Including the Khmer Rouge in a settlement was at the very least a distasteful as well as risky solution, but the alternative was more war, no international recognition for Cambodia and no chance of peace...
...penalties for leaking the news to three outsiders: his father-in-law, a friend and his business manager. The three, who invested in MCA stock before news of the 1990 deal surfaced, made a killing. But the $909,077 they will now have to pay as part of a settlement ultimately makes their original MCA buy "net-net," as they say, a bad investment...
...feds got involved in supervising the Teamsters following a 1989 settlement of a racketeering suit that charged the union's leadership with having a "devil's pact" with the Mob. The record spoke for itself. Four of the union's past seven presidents had been indicted on criminal charges; three of them (including Hoffa) went to prison. To avoid a government-imposed trusteeship, the Teamsters agreed to allow the 1.6 million members to freely elect their president. In the past, the boss had always been handpicked by a coterie of top brass...
...last week completed the Iraqgate probe, was assigned as an overseer to remove corrupt Teamsters officials and lead the way to free elections. But William McCarthy, who was president until last year, and his cronies spent $10.5 million of the union's money to litigate and obstruct the settlement at every step...
Carey now appears to be adopting that same defiant, foot-dragging posture. Lacey was replaced last month by a three-member independent-review board, as scheduled in the settlement. Yet Carey has gone to court (so far unsuccessfully) to challenge everything from Lacey's right to sit on the board to the government's right to issue rules for it. He has also tried to hamper the board's ability to hire staff, to seek redress in court or even to communicate with the rank and file through the Teamsters newsletter...