Word: worthlessness
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...Making a mental note to write up my brain for insubordination when this is all over, I file away this latest round of rational thought in the folder marked "worthless" and once again review my four main options...
...clueless are they? In a telling survey, Oppenheimer Funds found that 37% of holders felt they understood Einstein's theory of relativity better than their options. A shocking 11% said they had allowed vested, in-the-money options (those with immediate cash value) to expire and become worthless. The knowledge void has brought employee lawsuits, even bankruptcies by those who grossly mismanaged their windfall, losing all in the bear market...
...have to be Einstein to manage stock options if you keep things simple. They bestow the right to buy stock from your employer at a preset price by a preset time. If the market price is higher, you pocket the difference. If the price is lower, the options are worthless but cost you nothing. It's a great deal, reserved until recently for top execs as a very tangible incentive to get the stock moving higher. How to keep it simple...
...felt Barrett's sting. While he sees benefits in chiropractic manipulation, he wonders about "a whole profession based on an idea--subluxations--that isn't true." He especially deplores the fact that some chiropractors claim that their manipulations can treat infectious diseases and prescribe homeopathic remedies, which he considers worthless...
...Crimson responded with a staff editorial praising these heroic efforts. But nobody even questioned the underlying motivation for all that parental obnoxiousness. And the current sit-in at Massachusetts Hall, while certainly a first-rate spectator event for prospective students visiting Harvard, has proved equally worthless in generating meaningful dialogue. Instead, we have limited ourselves to debating the appropriateness and efficacy of PSLM’s protests...