Exact(12)
In return, the companies would contribute tens of millions of dollars to create the trust.
It would free the company of about $23 billion in long-term liabilities, while Ford would make an unspecified contribution to create the trust.
A coalition of 15 developers, housing advocates, bankers, lenders and county officials served as advisers to create the trust, which is expected to be operating by July.
To create the trust, Mr. Lehman and Mr. Lucom's friend and publisher, Christopher W. Ruddy, used the power of attorney that Mr. Lucom had issued to them in case he became incapacitated.
Lobbyists for both business groups and unions, as well as staff members from both parties, said they thought the deal had given new momentum to the legislation to create the trust.
Indeed, although research has shown that familiarity can create the trust thought to be crucial for activities such as brainstorming, it may be that this benefit is trumped by the fresh perspectives that come from adding new voices to creative tasks.
Similar(48)
"He created the trust so his businesses and land around Hershey would go to them.
Brent Harris, who created the trust that owns the house, says he has followed a "strong purist" approach.
With the exception perhaps of the people who created the trust 10 years ago, no one backs it any more.
Major McDowell, who was managing director from 1962 to 1997, created the trust in 1974 to protect the paper from hostile takeovers.
You are creating the trust needed to talk about things that really matter and that will lead to better results.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com