Page 651 - Bruce Ellig - The Complete Guide to Executive Compensation (2007)

636 The Complete Guide to Executive Compensation

1965 Section 423 qualified stock option (Pfizer)
1966 Section 423 employee stock purchase plan (IBM)
1966 Return of nonstatutory options (Northrop)
1967 Single-trigger change of control contract (Conoco)
1968 Market pricing job evaluation (Pfizer)
1968 Performance-share concept (Novo Industries)
1969 DJIA at 800
1969 Tax Act sets maximum tax at 50% on income over $200,000 and introduces
10% tax on tax preference income
1969 Legal service plan, (UAW)
1969 Pay for the U.S. president (Nixon) set at $200,000
1969 Exercise cost used to set option grants (Xerox)
1969 Stock appreciation rights (SARs) granted in tandem with stock options (Xerox)
1970–1979
1970 DJIA at 839
1970 Economic Stabilization Act (wage and price controls)
1970 Variable price (yo-yo) stock options (3M)
1970 Executive sabbatical (Xerox)
1970 Executive business travel accident insurance (American Express)
1970 Book value stock appreciation rights (ITT)
1970 Financial Motivation for Executive published (Crystal)
1971 President’s Day (replacing Lincoln’s and Washington’s birthdays) and
Memorial Day added as national holidays (Congress)
1971 Prepaid legal benefits (General Laborers Union and Louisiana Bar
Association)
1971 Fixed-price discounted stock option (Digital)
1971 Performance-share plan (CBS)
1971 Pay and Organizational Effectiveness published (Lawler)
1972 DJIA at 1,000
1972 APB 25 (measurement date principle)
1972 Managing the Employee Benefit Program published (McCaffery)
1972 Cancel-and-reissue underwater stock options (Pfizer)
1972 Tandem book value and common stock purchase (Citicorp)
1972 Indexed stock option (Heinz)
1972 Variable group life insurance (Aetna Insurance)
1972 Performance-unit plan (Heinz)
1972 SARs granted in parallel with stock options (General Electric)
1972 Stock option grant based on targeted gain (American Express)
1972 Stock-for-stock exercise of stock options (American Express)
1973 Omnibus stock plan approved by shareholders (Pfizer)
1973 Present value created for stock options (Black & Scholes)
1973 Tandem market value and book value options (Citicorp)
1973 Executive supplemental health insurance (General Electric)
1974 Employment Retirement Security Act (ERISA) sets maximum creditable earn-
ings and payout limit; establishes individual retirement accounts (IRAs) and
the Pension Benefit Guaranty Corporation (PBGC)