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IBM Revises Options Plan; Authorizes Buyback
Updated from 12:12 p.m. EST
In a novel shift, IBM (IBM Quote) said Tuesday that its board has adopted a new options policy that increases the incentive for top executives to try to boost IBM's stock price.
Starting immediately, IBM will only issue "out-of-the-money" stock options with a strike price 10% higher than the market price on the day the options are issued. A strike price is the fixed price at which shares may be purchased in the future. ...
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