IBM Message Board - Msg: 2862535

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Technology Stocks : IBM

IBM 299.82

-1.9%

1:01 PM EST

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To: J R KARY who wrote (1936)	12/3/1997 12:43:00 AM
From: Bill Martin	Read Replies (2) of 8218

To ALL: ...why did Mr. Lou re-up 5 months early for 5 more years ? I'd say this is pretty routine. If you're on the board of directors and you know Lou's contract is up in 5 months you're certainly going to be interested to get him to sign a new one now so that if he doesn't you still have time to look for someone else. On the other hand, if you're Lou and a major shareholder (or option holder) you also want to settle as quickly and quietly as possible so that the market doesn't get rattled over the delay and shake down the stock. As long as both sides agree on terms then I'd say it's very natural and to everyone's advantage to settle it this far in advance. Bill

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