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Non-Tech : Tyco International Limited (TYC) -- Ignore unavailable to you. Want to Upgrade?


To: Fangorn who wrote (622)11/11/1999 11:00:00 AM
From: Tom_  Read Replies (1) | Respond to of 3770
 
Re: stock as compensation

Wednesday November 3, 10:54 am Eastern Time
Company Press Release
SOURCE: Tyco International Ltd.

Tyco Shareholders Approve Proposals at Annual
General Meeting

''In light of this performance -- and particularly in light of the strong free cash flow Tyco's operating businesses continue to generate -- we believe the recent drop in our share price was unwarranted. In fact, Tyco's Directors have elected to take over 90% of their current year cash compensation in the form of Tyco shares and/or options at current market prices."

Best wishes,
Tom