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Experts said it was unusual to bar participants in employee stock plans from shareholders' meetings.
I doubt that past generations pay attention to ridiculous and misleading 'use by dates' either, which are probably about as accurate as Tesco's Christmas pudding stock plans.
Some stock plans and bonus programs for Kmart employees are accelerated by a change in control as well, the plan notes.
The buyback for the current fiscal year, which ends Nov. 30, 2000, is intended to offset dilution resulting from employee stock plans, the company said.
Members of Congress tried to prevent disputes over the fair market value of shares in employee stock plans by requiring private companies to get independent appraisals each year.
For decades, both companies offered lush benefits, with traditional pension plans, 401 k)s, stock plans and other niceties, like child care plans.
Similar(38)
But beyond the stock plan, Liberty has not elaborated.
Some said the disputed stock plan was their sole retirement nest egg.
They have no 401 k), no stock plan, no pension to speak of.
Its pensions crumbled as the value of the stock plan shares plunged.
The fine idea was Warren Buffett's: when you buy a stock, plan to hold on to it for life.
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