An executive of one options exchange, speaking on the condition he not be identified, said the four not taking payments for order flow were Merrill Lynch, Salomon Smith Barney, Morgan Stanley Dean Witter and PaineWebber.
S. Michael Scheeringa, chief executive of Flight Options in Cleveland, has introduced new price alternatives such as off-peak pricing and one-way ticketing.
"I have never seen it like this," said Mike Silvestri, the chief executive of Flight Options, which sells shares in jets as well as plans that cover a fixed number of hours a year of private jet use.
European boards question the logic of giving U.S. executives fistfuls of options whether or not their companies are performing well.
Actually, I devour proxy statements first to access the largess of executive compensation inclusive of options grants.
"In general, executives have lots of options," Landes said.
Until last April, Archie W. Dunham, chief executive of Conoco, had options giving him the right to buy 700,000 shares.
Joe Vietri, the chief executive of Charles Schwab's options subsidiary, OptionsXpress, said his company was careful about monitoring clients because Schwab wanted to keep them as customers for other parts of the business.
So O'Toole, as chief executive of Solas (Supported Options in Lifestyle and Access Services), is focused on bedding down new offices and the early launch in her region of the national disability insurance scheme.
For example, it rejected calls from the likes of Warren Buffett to require deduction of the cost of executive stock options from reported profits.
Say the cost of capital is 10percentt and a chief executive holds a bundle of options acquired when a share was worth $100.
