Business & Finance: Stock for Employees

To give executives a bigger incentive, many a company has permitted them to buy company stock below market price. Last month Chicago's Inland Steel Co., like some other corporations, set up the same stock option for its 19,000 eligible employees. It agreed to sell the stock for $42.25, which was 5% less (the maximum cut allowed Inland by the Salary Stabilization Board) than the open market price on Aug. 25. Employees were to pay for it in cash or payroll deductions. Last week Inland reported the plan had been a huge success; out of 250,000 shares offered, employees have already signed...

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