Word: options
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Dates: during 1930-1939
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...Henry is supposed to have gone off despondently and drowned himself. Needless to say, Henry reappears, alive and happy in a store-bought suit and brown derby, his "projeck" a success. First-week audiences seemed immensely pleased when Henry outwitted his onetime white employer, sold for $10,000 an option on some land which had only cost him $1,000. Magniloquently, Henry gives his patient wife a thousand, his gambling brother-in-law another thousand, his son still another (no one in the cast had seemed fazed when it was announced that his son's little fiancee was pregnant...
...take a tip from Henry Ford and buy or build their own steel plants. Steel's biggest customers resent the fact that under the steel code they no longer get discounts on their orders. Last week it was no sooner discovered that General Motors was dickering for an option on Corrigan-McKinney Steel Co., than it was learned that negotiations had been dropped...
...ruffled through the papers, finally-handed one to the chairman. In a few minutes press wires were burning with a startling fact which was, however, wholly irrelevant to the investigation. The fact: Charles A. Lindbergh received 25,000 shares of T. A. T. stock (worth $250,000), plus an option on 25,000 more at the same price, plus his $10,000-a-year salary, upon becoming chairman of T. A. T.'s technical committee in 1928. A letter of transmittal from Clement Melville Keys, then T. A. T. president, advised Colonel Lindbergh to sell part of his stock...
...inspected the crumbling house in which William Holmes McGuffey was born in 1800, found the timbers firm enough to permit reconstruction, took an option on the place with plans to make it a memorial. Motorman Ford owns many a manuscript and first edition of the famed readers compiled by William, onetime president of Miami University, Ohio and his younger brother Alexander...
Last week Servel directors asked their stockholders to approve a sale of 100,000 shares of stock to Mr. Wenner-Gren at $4.50 per share (the market price) together with a three-year option on another 100,000 shares at slightly higher prices. Mr. Wenner-Gren was to be made Servel's board chairman. Electrolux was apparently going home to Sweden. Wrote directors to Servel stockholders: "A point has been reached in the development of the corporation's business where the proposed arrangement with Mr. Wenner-Gren will be of great benefit. . . . In addition to the benefits...