Word: optionable
(lookup in dictionary)
(lookup stats)
Dates: during 1950-1959
Sort By: most recent first
(reverse)
...Post mortem proved premature. Next day Attorney Bottomly, 34-year-old principal in a group of "public-spirited" buyers, met again with Fox and got a 24-day option to buy the Post (for a reported $1,500,000). Bottomly put up $100,000 for his option, agreed to settle the Post's $44,000 back income-tax bill; Fox promised employees some $35,000 in back pay. With its Sunday edition, the day-old corpse resumed publishing...
...Option. In Salt Lake City, charged with failure to provide for his family, Felix E. Salazar was sentenced to 18 months in jail after he told the judge: "If I have to go to work now, I would rather go to prison and get it over with. What I would really like is a good job where you don't have to work hard...
...STOCK -OPTION LOOPHOLE...
...been closed by U.S. Supreme Court. Reversing lower court decisions, high court ruled that unrestricted options (about 10% of all plans) giving employee "proprietary interest" in company come under normal income-tax laws. Any profit between option price and market value is taxed at ordinary income rates, at the time when employee picks up the option. Profits on more popular restricted options (employee cannot buy at less than 95% market value at time option is granted, cannot sell for two years) are still considered capital gains, are not taxable until stock is sold...
REPUBLIC PICTURES will go to West Coast investment-banking firm if deal currently being discussed goes through. Republic President Herbert J. Yates has given Bankers Cantor, Fitzgerald & Co. a 60-day option to buy up to 800,000 shares of stock owned by him and his family for $8,700,000 to $10 million, thus give them 33%-40% of total shares outstanding and working control...