Upon the effective date of the Amendment 1 January , the third paragraph of Sec. It is hard to have 80 percent or 90 percent of your assets in one stock. Does he see something as an insider that we don't?
John M. Scanlon, a director and one-time chief executive of the company, sold 70, of his 2.
That is because Global Crossing Ltd. But some of Global Crossing's executives and directors have done quite well, cashing out to varying degrees the last couple of years.
Winnick envisioned a telecommunications empire with undersea fiber optic cables that would become a worldwide network to transmit information via the Internet. Part of the company's rapid growth came through acquisitions, including the Frontier Corporation.
- Он не смог бы объяснить побудительные мотивы этой маленькой неправды и, как только произнес эти слова, сразу же застыдился .
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- Вероятно, он видел с одинаковой четкостью всю переднюю полусферу.
Rochester Telephone remade itself in when its president, Ronald Bittner, created a corporate parent named Frontier, which tried to become a player in long-distance, fiber optics and cellular services. Employees of the telephone company wound up pushed into shares of Frontier and then of Global Crossing.
The union, Local of the Communications Workers of America, which represents telephone workers in Rochester, had a traditional pension plan, under which retirees received a guaranteed monthly payment.
- Считалось, что родители обучат его, как вести себя в обществе и введут в непрестанно расширяющийся круг друзей; они были ответственны за характер Элвина, тогда как Джезерак - за его разум.
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- Привет, Олвин,-- сказал .
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But inthat plan was frozen, and all workers were told that subsequently they would begin receiving Frontier stock instead for their retirement. Many workers also bought additional shares from the company. When Global Crossing bought Frontier inthe union argued that the workers should be able to diversify the company's contribution out of stocks, saying that a company financed mostly with junk bonds was too speculative for retirement savings.
He did not sell when the stock began to slide, he said, because "you like to remain committed to the firm. Simonetti added, "because when you own a significant number of shares, you want to work hard and make the company prosper so you will prosper.
Hogan, 62, a lineman who plans to retire soon, saved for retirement mostly through the the Rochester Telephone k and stock purchase plans. It is guaranteed, and no matter what happens I will still get that amount, while you are always at risk with any k plan when you invest in stock or mutual funds. The pension is much better.
Koduväljaku eelis teie ettevõttele.
The workers were finally given a chance to sell their Global Crossing shares. Citizens declined to say how many workers had diversified.
Kaufler, its chief strategist.
Specifically, the following must be stated in the agreement: i All components of the compensation package, i. If the agreement on performance as a corporate officer includes no specification of the compensation, or was not made in writing, or was not approved by the competent body, it is understood that the corporate officer discharges his or her duties for no consideration Sec.
The exception is an agreement on the performance as a corporate officer which was executed or approved in deviation from the statutory requirements, for no fault of the member of the elected body.
Detailne otsing If the position of managing director or executive or supervisory board member at a corporation is to be filled with someone who receives compensation for their discharge of duties, then an agreement on performance as a corporate officer must be made. This agreement on performance as a corporate officer must be made in writing and be approved by the general meeting and if it is the supervisory board which elects the members of the board of directors at a joint-stock company, then the above-mentioned agreement must be approved also by the supervisory board. Further, the agreement must contain certain mandatory specifications on compensation under the law i. Specifically, the following must be stated in the agreement: i All components of the compensation package, i. If the agreement on performance as a corporate officer includes no specification of the compensation, or was not made in writing, or was not approved by the competent body, it is understood that the corporate officer discharges his or her duties for no consideration Sec.
In such a case, the member of the elected body will be entitled to customary compensation. Another exception is the option to approve performances that are rendered for the welfare of the member of the elected body but are not listed in the agreement on the performance as a corporate officer, whereas this approval is to be given by the competent body of the corporation see below in accordance with Sec.
If an agreement on performance as a corporate officer was concluded but has not been approved by the competent body, then this causes the agreement to be voidable i.
- Странное ощущение это длилось всего несколько секунд, но, когда оно ушло, он был уже не просто Олвином.
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Unless the competent body decides otherwise, the agreement may also take effect retroactively. Performances other than the compensation mentioned in the agreement on performance as a corporate officer may only be rendered if a law or legal regulation says so or an internal policy that was approved by the same body which is competent to approve the agreement on performance as a corporate officeror else with the consent of such body and possibly an affirmative statement by the supervisory board, if a supervisory board was installed at the companyas per Sec.