Word: optionals
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...student with strong financial wants is practically assured of work. No agency director has yet turned down an applicant referred by the Employment Office. Although the individual managers supposedly have the option of not accepting candidates, a subtle coercive pressure forces acceptance. If carried to the extreme degree, an agency director could lose all freedom of choosing his workers...
...there clung five sick and starving men, Eric de Bisschop and his four-man crew. Ahead of them lay the foam-edged sickle of the reef of Rakahanga in the northern Cook Islands. They had already missed landfalls at the Tuamotus, at Starbuck and Penrhyn Islands. There was no option but to shoot the reef at Rakahanga in the hope of reaching the calm lagoon and the fresh water and food that lay beyond...
...prosperous Sunday supplement Parade to a communications domain that spans four TV stations, interests in the magazines Scientific American and Interior Design, two radio stations, the Great Northern Paper Co. The Trib purchase was no surprise. A year ago, Jock Whitney lent the Reids $1,200,000 with an option to convert the loan to stock. By the conversion, and the purchase of an unspecified number of additional shares, Whitney got control of the Trib and its money-making European edition. The Reids retain a "substantial interest...
...Sonnabend got ready, Curtiss-Wright, which had hoped to work the same kind of rescue operation for Studebaker, prepared to move out. Two years ago Curtiss-Wright got a management contract to run Studebaker, plus an option to buy 5,000,000 shares of stock at $5 a share (which runs out this November), plus the chance of merging Studebaker into Curtiss-Wright if it could cut Studebaker's huge losses. But Curtiss-Wright had no success. Fortnight ago Studebaker reported that its losses in the first six months of this year soared to $13,314,165, almost double...
...final say on bringing Sonnabend into Studebaker will have to come from the stockholders. To take on the diversification job, Sonnabend is asking for an option to buy 500,000 shares of Studebaker stock during the next five to ten years at 95% of the market value on the day of a merger, plus a place on the board...