PPG to grant options to workers
Article Abstract:
Pittsburgh, PA-based PPG Industries Inc., a paint and glass manufacturer, would grant over 30,000 employees worldwide options to each buy 100 shares of stock at $70 each a share, the closing price on Jul. 1, 1998. But the options can be exercised on Jan. 31, 2001, if the company can boost its earnings from 1997's $3.97 per share to $7 per share by 2000. If not, the exercise date would be pushed to Jul. 1, 2003. PPG employees, who have a 401(k) retirement plan, already own 17% of the firm's stock, according to PPG Spokesman John S. Ruch.
Comment:
Would grant over 30,000 employees worldwide options to each buy 100 shares of stock at $70 each a share, closing price on 7/1/98
Publication Name: Pittsburgh Post-Gazette (PA)
Subject: Business, regional
ISSN:
Year: 1998
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Priced to move
Article Abstract:
Pennsylvania Fashion Inc. is capable of expanding aggressively by capitalizing on its unique market position, right leadership and infrastructure, said general partner John F. Megrue of Saunders Karp & Megrue. Saunder & Megrue is a New York-based investment firm which acquired a 50% stake in Pennsylvania Fashion to control two seats on its four-member board of directors. Pennsylvania Fashion's chairman and CEO Cary H. Klein plans to build a discount brand name in order to widen its customer base and control its merchandise.
Comment:
Is capable of expanding aggressively by capitalizing on its unique market position, right leadership and infrastructure
Publication Name: Pittsburgh Post-Gazette (PA)
Subject: Business, regional
ISSN:
Year: 1998
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Eagle eye on 20-year-olds
Article Abstract:
American Eagle Outfitters Inc. keeps its focus on the 20-year-old market who want to be both casual and fashionable, and younger or older people who just wish they were 20. The company is closely being followed by industry observers on whether it can keep up the double-digit sales increases that pushed its stock to higher heights. Judy Meehan, a stock analyst with Parker/Hunter Inc. in Pittsburgh, PA, is predicting a 14% increase in sales at stores open at least a year for the third quarter of 1998.
Comment:
Keeps focus on 20-year-old mkt who want to be both casual & fashionable, and younger or older people who just wish they were 20
Publication Name: Pittsburgh Post-Gazette (PA)
Subject: Business, regional
ISSN:
Year: 1998
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