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To: Sun Tzu who wrote (7345)9/17/1998 3:09:00 PM
From: Curbstone  Read Replies (1) | Respond to of 16960
 
Sun, re Options,

Just talked to a woman who works for TCI (about to merge with AT&T), she says that her company will pay her the difference between the price she was given in the beginning, say $20, and the current market price, say $40, anytime she wants without her ever having to actually buy the stock. How does this fit with the "scam" of buybacks to cover options that you spoke of? Is this a better arrangement?

Mike