Word: option
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Dates: during 1970-1979
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Kennecott's final option is to sell 20% of Peabody and spin off the remaining 80% to shareholders. (These proportions would be dictated by complicated tax considerations.) Though this would provide some of the needed cash and probably please many stockholders, like all compromises it falls well short of what managers and shareholders hoped...
Most businessmen are still basking in the bright glow of second-quarter gains. Leading the earnings parade of manufacturers were the automakers, who were helped by price boosts on the 1976s and an unforeseen rush by buyers to larger, option-filled models that return a fatter profit than smaller cars. General Motors and Chrysler both announced record earnings for the period, $909 million and $155 million respectively; G.M., after paying its stockholders 60? a share in March, will move its third-quarter dividend back up to 85?. Ford's earnings quadrupled over the same period last year...
Serious Offense. Eventually, the prosecutors hope to link these payments to government-influenced decisions to buy Lockheed planes. One case involves a 1972 decision by All Nippon Airways to buy Lockheed passenger jets, despite having taken a prior option to purchase McDonnell-Douglas aircraft. In a second case, the Japanese reversed plans to build their own antisubmarine patrol planes, and instead decided to study the Lockheed P-3C Orion. If the cash pocketed by Tanaka can be tied to these decisions, Tanaka will almost surely be charged with bribery, a serious offense opening him to a maximum prison sentence...
Students faced with the option of participating in a morally reprehensible institution as a way of financing their education should not remain oblivious to the ideological implications of their actions. Enrollment in ROTC is not a value-neutral means of paying for one's college costs...
Academy officials anticipate that the discretionary option will be approved when the proposal is next put to a vote, probably this fall...