Word: worthlessness
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Dates: during 1970-1979
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...shares in his own company at a constant price over a period of years. Stock-price declines often take away the incentive for conscientious work that options offer; in bear markets, many an executive whose own performance had been outstanding found himself holding options that had become worthless, because the price of his company's stock had declined below what he would have had to pay to buy it. Performance shares carry no such drawback; whatever the stock is worth when the executive receives it, it is all clear gain since he pays nothing...
...Basel, Switzerland: "It's public knowledge that 90% of the certificates of origin accompanying such works of art are totally unreliable. Most certificates are manipulated. The Italians can raise a ruckus, as in the case of the Metropolitan vase. But if they cannot prove anything, their claims are worthless. Unless the Italian authorities can come up with something like a photograph showing a work of art in an identifiable Etruscan tomb, they don't have a leg to stand...
...would serve to prove we are not totally greedy-and then, too, the dollar should retain some worth. I suppose, otherwise we might reach an economic Utopia before America is psychologically prepared. Who knows what sort of mass delirium might be triggered if everything could be bought with absolutely worthless dollars...
Some specialists consider such tactics destructive. In an American Psychiatric Association study of Synanon and other therapeutic communities, five drug experts observed that if addiction is partly the result of low selfesteem, "one can wonder whether the most appropriate corrective experience is to persuade the person of his worthless-ness." Members of Delancey Street, however, defend their rules on the grounds that they provide an opportunity to let off steam, teach humility and prepare the way for a kind of rebirth by erasing an addict's old image of himself...
...trouble came in two parts. The first was an offer by the owners to sub mit salary disputes to binding arbitration. Players Association Executive Director Marvin Miller dismissed that as "all propaganda, Madison Avenue stuff. You read the fine print and you find that the proposal is worthless." Among other things, he objected to the stipulation that a player cannot seek arbitration two years in a row. Explained Miller: "If the player wins arbitration one year, the next they could take it out of his hide...