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.

Officials and employees, Microsoft Corp., Investments, Stock options, Dell Inc., DELL, Oracle Corp., ORCL

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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.

Finance, Eviction, Long-Term Capital Management L.P.

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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 The article also discusses confusions within the telecommunication industry, such as packet switching technology, outdated regulatory systems, increased access charges and decreased long distance rates.

Telephone and telegraph apparatus, Telephone Apparatus Manufacturing, Telephones, Taxation, Laws, regulations and rules, Mergers, acquisitions and divestments, Telecommunications services industry, Telecommunications industry, Acquisitions and mergers, Telecommunications equipment industry, Influence, Long distance telephone services, Sprint Corp., WCOM, FON, Tax policy, Long-distance telephone service, MCI Inc., Access charges (Telephone), Telephone access charges

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