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Big supermarkets get about £1.08 back for every quid they put in: all that stock ties up a lot of cash.
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Two years earlier, the company had given its top executives $1.1 billion-worth of company stock, tied to the performance of the share price.
That plan will deeply cut dividend payments while raising cash by selling tracking stock tied to its old-fashioned utility business back in Michigan.
For one thing, G.M. has told analysts it does not want News Corporation stock, or at least wants part cash and part stock, largely because News Corporation stock, tied as it is to the entertainment industry, is viewed as particularly risky.
Facing heavy debts and weaker profits from international operations than expected, CMS disclosed a restructuring plan that would slash dividend payments while raising cash by selling a tracking stock tied to its utility business.
Analysts said Ms. Russo's departure probably also was based on a calculation that she stood to lose about 6 million euros' worth of stock tied to performance targets if she stayed past the end of the year, when her compensation package is due to be revised.
Bear in mind that proportions are generally longer this season: hemlines flutter around the knee; pants are full (with classic pegged variations, like those Stefano Pilati showed for Saint Laurent); jackets have extended shoulders or an extravagant collar; blouses all seem to have a stock tie or an old-fashioned effect, like Proenza Schouler's draped charmeuse versions (about $850).
It's fashionable to knock any stock tied to the consumer or doing a big part of its business abroad.
A show shirt is worn sometimes with a white stock tie or ratcatcher, plus a pin.
Stocks tied to the players can be dissolved at any time and converted into shares of the Fantex management company.
Backed by executives from Silicon Valley, Wall Street and the sports world, the company plans to create stocks tied to an athlete's financial performance.
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