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That settlement would reportedly involve a cash payment equal to Driesell's income.
But on October 31st, David Norgrove, chairman of the Pensions Regulator, set out proposals that will involve a cash call double that amount to get rid of company pension-fund shortfalls over the next ten years, and there was no great fuss.
Bertelsmann's landmark deal to merge its music business with that of Japan's Sony in a 50-50 joint venture does not involve a cash component, its Chief Executive Gunter Thielen told Reuters in an interview.
But the increase was an accounting expense only and did not involve a cash outlay.
A construction program for such houses, spread over 20 years, and allowing for an increase in population meanwhile, would involve a cash outlay of something like $40,000,000 a year.
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The audit involves a cash fund for fuel, aircraft parts and other supplies -- which in 1998 totaled $1.2 million, said Rand Beers, an assistant secretary of state.
The €5bn fundraising from private investors was complex, involving a cash call on shareholders, asking bondholders to swap their investments for equity, and also parcelling off bad debts.
One EU-funded project in Mali involved a cash transfer programme in the town of Madina Sacko for about 45,000 people affected by drought.
Whether potential bidders will be impressed with a proposed out-of-court settlement that involves a cash consideration of £10m followed by staged payments on a five-year bond remains questionable.
Now, MGM wouldn't pay any taxes in this deal because it involves a cash purchase of its stock, which is a tax-free transaction under U.S. tax rules, says Robert Willens, a top accounting and tax expert at Lehman Brothers.
Beyond the magnitude of the gap, Smetters points out that Medicare is a tougher problem politically because it does not involve a simple cash benefit but, in effect, puts a price tag on beneficiaries' health, perhaps even their lives.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com