Plum Perk Pulled - Company Financial Information - Brief Article

Industry Standard, The, April 16, 2001

Staples reversed itself and said its 13 directors would not profit from a stock buy-back plan stemming from the canceled IPO of Staples.com. Shareholders were livid that directors were going to double their money converting the tracking stock into Staples common stock at a cost of $77 million.

COPYRIGHT 2001 Standard Media International
COPYRIGHT 2001 Gale Group
 

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