Word: optionals
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...give executives a bigger incentive, many a company has permitted them to buy company stock below market price. Last month Chicago's Inland Steel Co., like some other corporations, set up the same stock option for its 19,000 eligible employees. It agreed to sell the stock for $42.25, which was 5% less (the maximum cut allowed Inland by the Salary Stabilization Board) than the open market price on Aug. 25. Employees were to pay for it in cash or payroll deductions. Last week Inland reported the plan had been a huge success; out of 250,000 shares offered...
...Coriolanus" will go into rehearsal this week, and move into the Brattle after Herman Levin's production of "The Temptation of Maggie Haggerty" moves out. Levin has leased the theatre from November 11 to 25, with an extra week option if the play is successful...
Such honesty has led hostile critics to hint that Mauriac is essentially a refined sensualist who, from motives of caution or guilt, takes care to renew his option with God. Mauriac, in a brief essay appended to The Loved and the Unloved, replies in a voice of deep humility: "Though, quite often, Grace does 'break in' [to his books], it has tended to do so less and less as I have grown older ... I might point out that evil is a reality in this world of ours, that the people I set out to paint are fallen creatures...
...comptrollers is low, whereas there is an acute shortage of cadet pilots. If present world conditions continue, students who have chosen Flight Operations will be called up for four years, as contrasted with a two-year stint in Comptrollership. The longer period of service in the Flight Operations option was a strong factor when the choice arose last spring...
...McCarthy will have an option to buy 2,000,000 shares of the proposed company's stock at 5% under the market price and thus may "profit ... at the expense of other [stockholders] without assuming the risks of the business which such other stockholders have assumed...