Business Services Industry
Verizon Communications to Offer Stock Option Grant to Employees.(Knight Ridder/Tribune Business News)
Knight Ridder/Tribune Business News, September, 2000 by Ward, John T.
Sep. 9--Phone giant Verizon Communications yesterday unveiled a stock option grant that will make shareholders -- or traders -- of 210,000 employees.
Company officials called the grant, covering 55 million shares, the broadest ever in the telecommunications industry.
Under the plan, non-director workers -- everyone at or below the manager level -- will be eligible for options that will allow them to buy between 100 and 700 shares. The amount will be based on job categories. The options vest after three years and enable holders to buy Verizon shares at $43.34 each.
Shares of Verizon, which was formed June 30 in the merger of Bell Atlantic and GTE Corp., closed yesterday at $44.31, up 69 cents in New York Stock Exchange trading. The stock's...
Most Recent Business Articles
- Multiple criteria evaluation and optimization of transportation systems
- Multi-criteria analysis procedure for sustainable mobility evaluation in urban areas
- A two-leveled multi-objective symbiotic evolutionary algorithm for the hub and spoke location problem
- Multi-criteria analysis for evaluating the impacts of intelligent speed adaptation
- The development of Taiwan arterial traffic-adaptive signal control system and its field test: a Taiwan experience
Most Recent Business Publications
Most Popular Business Articles
- 7 tips for effective listening: productive listening does not occur naturally. It requires hard work and practice - Back To Basics - effective listening is a crucial skill for internal auditors
- FAS 109: a primer for non-accountants - Financial Accounting Standards Board's "Statement 109: Accounting for Income Taxes"
- LIFO vs. FIFO: a return to the basics
- Design a commission plan that drives sales - Sales Commissions
- Too Young to Rent a Car? - 25-years-old the minimum age for car renting - Brief Article
