17 July 2006

Executives given cut-price stock options in weeks after 9/11

Dan Glaister in Los Angeles
Monday July 17, 2006
The Guardian


Executives at leading US companies could make millions through the award of stock options issued in the weeks after the September 11 2001 terrorist attacks.

Nearly 200 US companies awarded options to their board members in the wake of the attacks when share prices were at historic lows, giving executives the chance to make millions of dollars later as values returned to normal levels.

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