In the summer of 2006, H&R Block announced that its subsidiary Option One Mortgage was setting aside additional reserves to cover potential losses from rising defaults.
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.
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.
The Justice Department has said that companies with hundreds of thousands of employees, operations in multiple countries and many subsidiaries have only three options for integrated financial and human resource software: Oracle, PeopleSoft and SAP of Germany.
MNE subsidiary (i)'s outside option in the absence of coordination equals zero.
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.
Richard Murphy, a tax expert who advises the Labour leader, Jeremy Corbyn, on economic policy, said most major US corporations had attempted to depress their tax bills by charging subsidiaries the cost of share options to staff, and that all had been ruled out by HMRC.
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.
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.
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.
