Clean-up time
Article Abstract:
Executives of top moneymaking companies receive large salaries, but take stock options, prompting questions as to the corporate purpose of this practice. Options are supposed to be incentive pay, but executives already own billions of dollars worth of stock. Michael Dell of Dell Computer owns $16.4 bil of his company's stock, but has $33.5 mil in options. Some executives, like Oracle's Larry Ellison and Microsoft's Bill Gates, didn't take any options in the Mar, 1999, proxy filing.
Publication Name: The Bulletin with Newsweek
Subject: News, opinion and commentary
ISSN: 1440-7485
Year: 1999
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In the red in Greenwich
Article Abstract:
Long Term Capital Management, the hedge fund that received a $3.65 bil government bailout in the fall of 1998, has been served with an eviction notice for having never paid its $1.5 mil annual rent since moving into its Greenwich, CT headquarters in 1997. The company claims no rent was due since the landlord never fixed a water leak in the basement.
Publication Name: The Bulletin with Newsweek
Subject: News, opinion and commentary
ISSN: 1440-7485
Year: 1999
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Behind the phone frenzy
Article Abstract:
MCI WorldCom paid $115 bil to buy Sprint Corp., an acquisition that illustrates the fierce competition within the telecommunication business. The article also discusses confusions within the telecommunication industry, such as packet switching technology, outdated regulatory systems, increased access charges and decreased long distance rates.
Publication Name: The Bulletin with Newsweek
Subject: News, opinion and commentary
ISSN: 1440-7485
Year: 1999
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