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Politics : Ask Michael Burke

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To: Knighty Tin who wrote (88845)	1/26/2001 6:40:48 AM
From: Micawber	Read Replies (2) of 132070

January 26, 2001 New Corporate Perk: If the Stock Falls, Cancel Purchases By FLOYD NORRIS Did you make the mistake of buying a highflying stock last spring, one whose price collapsed by the end of the year? Wouldn't you like to cancel the purchase, to get your money back and forget the whole thing? You can't cancel the trade, of course. But there is a fair chance that the chief executive or other top officer of that company was allowed to cancel his or her own purchases of company stock. The "rescission" of exercised stock options is the latest fad in corporate executive suites. nytimes.com

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