Its senior managers get Stock Appreciation Rights (SARs), which give the holder the increase in a company's stock value between two dates.
The penalty is part of a new section of the tax code clamping down on salary and bonus deferrals, executive retirement and benefit plans, severance packages, discounted stock options and even stock appreciation rights.
Under its reorganization plan, LyondellBasell issued common stock through a rights offering and in exchange for allowed creditor claims.
Aselect few get shadow stock grants or rights to buy nonvoting shares.
They set up two classes of stock--a large block of nonvoting Class A stock (which was willed to the charitable Ford Foundation) and a much smaller block of Class B stock that had voting rights (and was willed to the family).
The finger-pointing goes back to January 1998, when Spartis won exclusive rights to exercise stock options for all 10, 000 WorldCom employees who held them.
The companies he controls--Hollinger Inc. and closely held Ravelston -- have just an 18% economic interest in Hollinger International through Class B shares that have ten times the voting rights of common stock.
That stake has benefited Roche hugely, both because of the value of the stock and because Roche gets international rights to Genentech's drugs.
Preferred stock compensates investors for diminished voting rights by giving them priority over common shareholders for dividends and typically by paying higher comparative yields.
The buyout gave Goldman control of the leading New York Stock Exchange floor specialist, with exclusive rights to make markets in more than 500 stocks.
Dilution of stock ownership can occur when managers exercise their rights (Sigler, 2009, p. 764).
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The situation has been complicated by the fact that Mr Taubman owns 22% of the company's stock, but controls 63% of voting rights.
Heavy concentration in the stock of a single employer with no voting or managerial rights, I wrote, sounded like a recipe for disaster.
With them, they will receive voting rights and are allowed to exercise the preferred stock if more than 10% of common shares are acquired.
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His holding company, Access Industries, started by purchasing common stock in LyondellBasell during the restructuring, issued through a rights offering and on the Pink Sheets.
But unlike common stock, the shares usually don't have voting rights.
Much of iStock's success in selling digital stock can be attributed to creative tinkering with the economics supporting digital rights.
Beginning on such date, stockholders owning an aggregate of approximately 75, 000, 000 shares will be entitled, under contracts providing for registration rights, to require us to register shares of our common stock owned by them for public sale in the United States, subject to the restrictions of Rule 144.
Shareholders voted down two investor proposals however, which attempted to direct how much stock executives must retain, and another proposal to create a director-level committee on human rights.
The DRs can be listed on stock exchanges anywhere in the world and are issued to raise capital in IPOs, follow-ons and rights offerings.
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It got convertible preferred stock in the combined company and took two of seven board seats, 32.7% of voting rights, and an option to convert its holdings into 32.7% of Solo Cup common.
Even though its shares trade on Nasdaq, the company actually owns the rights to the service mark "Opening Bell, " associated for 135 years with the rival New York Stock Exchange.
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