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Exact(22)
On top of his pay, Mr. Purcell gained $11.4 million last year from the exercise of stock options granted in previous years.
Accountants from major firms say privately that they are auditing numerous companies that allowed executives in December to rescind their exercise of stock options earlier in the year.
Top managers are further required to retain a percentage of shares resulting from the exercise of stock options until they amass the stipulated number of shares.
Harold A. Poling, the new chairman of Ford, received total compensation of $2.93 million in 1989, including the exercise of stock options worth $786,094.
The exercise of stock warrants, on the other hand, brings additional funds into the company but leaves the existing debt or preferred stock on the books.
In April, both the chief executive and chairman of ImClone were forced to resign amid federal and internal inquiries into whether the company had improperly failed to withhold taxes on the exercise of stock options by executives.
Similar(38)
This year, he projects state revenue of $6 billion to $7 billion from taxes on capital gains and the exercising of stock options.
The bulk of the remainder came from Mr. Weill's exercising of stock options he had been granted as part of his pay packages over the years.
Under the strategic delegation in bargaining using stock options, the investment cost is not sunk and it is a relevant cost from a manager's perspective because the sunk investment cost is now reversible depending on the manager's exercise decision of stock options.
Marconi's management had planned to have its chief financial officer, John Mayo, elevated to chief executive at next week's annual meeting, at which shareholders were being asked to approve slashing the exercise price of stock options for management.
Companies may also choose to restrict the exercise timing of stock options.
More suggestions(18)
use of stock
completion of stock
practice of stock
cases of stock
are of stock
exercising of stock
exercise of judgment
exercise of hyperbole
exercise of clemency
exercise of abasement
exercise of self-awareness
exercise of faith
exercise of will
exercise of executive
exercise of futility
exercise of taste
exercise of power
exercise of press
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