For This Chief, a Loss Would Be a Big Gain

Article Abstract:

Orbitz CEO Jeffrey G. Katz is one company stockholder who would not suffer financially if the IPO, planned for Dec. 15, 2003, experienced a price loss during the first 30 days of the initial stock offering. This financial insurance policy was created in his 2000 contract, and as owner of 150,000 stock shares, he stands to do better as the stock improves over a long period of time. Even better for Katz is his arrangement to collect a one-time cash bonus of $2.5 million if the company were to fail.

On-Line Information Services, Videotex & Teletext, Securities issued, listed, Online services, Internet services, Online information services, Information services, Securities, Going public (Securities), Initial public offerings, Company securities, Company public offering, Online information service, Katz, Jeffrey G., Orbitz L.L.C.

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Fears of Retaliation for U.S. Limits on Iraq Work

Article Abstract:

There is concern that the Bush administration's decision to disallow corporations based in countries that opposed the Iraq war from obtaining Iraqi postwar rebuilding contracts may have consequences for US companies that seek public contracts in those countries. The US has been criticized for using the Iraq war to violate a WTO agreement that respects global operations of foreign companies so that they can compete equally for contracts around the world.

Iraq, Economic aspects, International aspects, Foreign corporations, Political aspects, Public contracts, Government contracts, Postwar reconstruction, Government contract

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A Win-Win Merger (For the Bosses, That Is)

Article Abstract:

The acquisition of WellPoint Health Networks by Anthem Inc. will pay a dozen executives over $200 million. Outraged investors, including California Public Employees' Retirement System, are urging shareholders to vote against the deal.

Acquisitions & mergers, Personnel administration, INSURANCE CARRIERS, Health Maintenance Organizations, HMO Medical Centers, Hospital and medical service plans, Management Compensation, Labor Distribution by Employer, Mergers, acquisitions and divestments, Company acquisition/merger, Insurance industry, Compensation and benefits, Statistics, Executives, Executive compensation, Investor relations, WellPoint Health Networks Inc., WLP, WellPoint Inc., ATH

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