Word: option
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Dates: during 1950-1959
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...Comet jet liners from Britain's De Havilland Co. at an estimated cost of $6,300,000, they are the first foreign planes, according to the Air Transport Association, ever ordered by a U.S. line. Pan Am, which expects to get the planes in 1956, also has an option to purchase seven more for delivery in 1957. As a warning to U.S. planemakers, Pan Am's President Juan Trippe added: the deal with De Havilland would "permit the acquisition of a fleet . . . [for] principal trade routes abroad if suitable American-manufactured jet transports were not available by that...
...Workers have option of leaving the union. 34. What college professor, mistakenly banned from foreign travel, charged: "This incident. . . discloses how close we are to ... government-by-informer...
...give executives a bigger incentive, many a company has permitted them to buy company stock below market price. Last month Chicago's Inland Steel Co., like some other corporations, set up the same stock option for its 19,000 eligible employees. It agreed to sell the stock for $42.25, which was 5% less (the maximum cut allowed Inland by the Salary Stabilization Board) than the open market price on Aug. 25. Employees were to pay for it in cash or payroll deductions. Last week Inland reported the plan had been a huge success; out of 250,000 shares offered...
...Iron & Steel had sold scarce steel to a pocket corporation which had in turn resold it in Chicago's grey market for $75,000 profit. Said he: "[The sale] was simply a payoff, and somebody made $75,000 for doing nothing." Control of the corporation was held in option by Lawyer Rosenbaum, who denied the charges, and by ex-RFC Employee E. Merl Young. His wife, a White House secretary, was given a mink coat for which Rosenbaum paid the bill...
...Coriolanus" will go into rehearsal this week, and move into the Brattle after Herman Levin's production of "The Temptation of Maggie Haggerty" moves out. Levin has leased the theatre from November 11 to 25, with an extra week option if the play is successful...