Not to be outdone by UnitedHealth and Comverse, cable-TV operator Cablevision Systems admits in a regulatory filing that it granted stock options to a corpse.
The company awarded the rights to purchase thousands of shares to former vice chairman Marc Lustgarten, despite the fact that he died in 1999; the options included provisions that allowed them to pass to his estate.
Thus giving an entirely new meaning to the phrase "working stiff." |  See the video, test your Dumbest knowledge, and check out our 'Sex, drugs, and celebrities' gallery. (more)  Business 2.0's Adam Horowitz and comedian Mo Rocca ponder the stupidity of this tactless treatment of fired workers. (more)  |
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About CNNMoney
-
Content
-
Magazines
-
Site Tools
-
Stay Connected
Market indexes are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer
LIBOR Warning: Neither BBA Enterprises Limited, nor the BBA LIBOR Contributor Banks, nor Reuters, can be held liable for any irregularity or inaccuracy of BBA LIBOR. Disclaimer.
Morningstar: © 2012 Morningstar, Inc. All Rights Reserved. Disclaimer
The Dow Jones IndexesSM are proprietary to and distributed by Dow Jones & Company, Inc. and have been licensed for use. All content of the Dow Jones IndexesSM © 2012 is proprietary to Dow Jones & Company, Inc.
Chicago Mercantile Association. The market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved.
FactSet Research Systems Inc. 2012. All rights reserved. Most stock quote data provided by BATS.
© 2012 Cable News Network. A Time Warner Company. All Rights Reserved. Terms under which this service is provided to you. Privacy Policy. Ad choices .
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