Word: jlotpoint
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...market price at the time the option is issued. Stock options have persuaded many a top executive to switch jobs. Example: Ford lured Executive Vice President Ernest Breech away from a top G.M. job by offering him an option to buy Dearborn Motors stock. James Nance quit Jlotpoint's presidency (and a promising future in parent G.E.) to take over Packard, with an option to buy 200,000 shares of Packard stock at $4 a share at any time until 1957 (current price of Packard stock: about $5 a share...
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