Word: option
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Dates: during 1950-1959
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Last week Dore Schary could take satisfaction in an impressive vote of confidence from the board of Loew's Inc., which owns MGM. To give them "greater incentive" and assure their continued service, Schary and five other Loew's executives* got options to buy 250,000 shares of company stock at a pegged price. Schary's option entitles him to 100,000 shares. In return, Production Boss Schary agreed to extend his contract (at $3,846 a week) 2½ years...
Pentagon lawyers discovered Monday that Secretary George C. Marshall's Friday directive guaranteeing students this option violated provisions of the Selective Service Act, in that a man who has been notified of physical examination cannot legally enlist in any branch of the armed services...
...Corporation decided in April, when the resolution to amend the Act first came before Congress, that it would give its employees the option of entering the program...
Teele's office thoroughly informed all members of the University's working staff about their option this fall as soon as the resolution became law. Student part-time workers are specifically excluded by the act. The original act established in 1937, excluded farm workers, domestic servants, and other specialized workers, as well as employees of non-profit organizations, from benefits...
Right now there is no grade race, no elite, indeed no certainty as to whether there will be any colleges at all once draft quotas really begin to pinch the local boards. If Congress does not specify a uniform draft policy for the nation, but merely renews the local option provisions of the present bill, there will be something akin to chaos in American colleges within the next year...