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Word: jlotpoint (lookup in dictionary) (lookup stats)
Dates: during 1950-1959
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Usage:

...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...

Author: /time Magazine | Title: EXECUTIVE PAY.: The Great Game of Gimmicks | 8/24/1953 | See Source »

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