Word: optionable
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Dates: during 1950-1959
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FIRST G.M. STOCK OPTION plan will set aside 4,000,000 shares for about 250 top General Motors executives over next five years. If stockholders approve, G.M. will allow an executive to take 75% of his present bonus in cash or stock immediately, and company will put aside equal amount in common stock. Executive then could buy optioned stock, for market price at time of option, from 18 months to ten years hence...
...spend long hours in his study writing: then he would summon his Nubian servant, Mohammed Daoud. and ask him to burn the writings in the ambassador's presence. In the pocket of his suit when he died, he left two scrawled notes. One said: "I have no option. I must kill myself because I live without hope." Another, to his wife, said: "I kiss your feet and beg you to forgive me for what I am doing...
Students majoring in Linguistics combined with other subjects will have the option of either writing a 10,000-word thesis or of taking an additional advanced full course, or two half courses in the Department...
...fast comeback under John Barr, 48, who took over the company after crusty old Chairman Sewell Avery surrendered his one-man rule two years ago (TIME, May 23, 1955). As boss. Barr's first move was to recruit a new force of officers; he gave them a stock option plan as incentive, equipped them with real, independent authority and then set to work on a new-look for the company. In quick succession, Barr formed a new department to pump life into merchandising and displays at Ward's 562 retail stores, expanded Ward's advertising-and-promotion...
...Industrial National Bank, groomed him carefully to share the burden. Thompson's incentive: a "challenge to show that a banker can make a good corporate executive," plus a $75,000 salary, 1% of the company's net earnings (up to his base salary), and a stock option for 50,000 shares at $25 each (current price...