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.
MNE subsidiary (i)'s outside option in the absence of coordination equals zero.
American companies also have a habit of paying the managers of their foreign subsidiaries partly in options, so it is not surprising that interest in stock options has grown in so many countries.
Prior to joining us, Dana worked for over 15 years in international health and development organisations, including Population Services International (PSI), Africare, and Options, our consultancy subsidiary, where he was Managing Director.
In a deal reached earlier this year, Cerberus, which controls GMAC Financing, agreed to buy Option One, the mortgage subsidiary of H&R Block, the tax preparer.
By air, British Airways World Cargoo subsidiary offers a good range of options; Flybe, Monarch, Thomson and Thomas Cook are also co-operative.
He is also planning to sell off a large stake in the company's profitable finance subsidiary, General Motors Acceptance Corp. Trying to predict his remaining options has become something of a parlour game in Detroit circles.
RSM McGladrey & Pullen, an accounting subsidiary that caters to business clients, and Option One, a mortgage services subsidiary, provide few opportunities for cross-marketing, they said.
As part of a planned acquisition of Enron, Dynegy invested $1.5 billion in Enron early in November for preferred shares in the subsidiary that owns the pipeline and the option to take control of it.
Doubts are growing over whether it will exercise its option to buy DBA, a German subsidiary of British Airways BAA).
