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Executive compensation
Managers benefit from stock option plans
Senior executives at several Polish companies are about to receive millions in stock compensation after meeting their performance targets. They include Kęty packaging-maker, which gave 43 million zloty worth of new stock to seven top managers in return for a nominal payment of PLN 0.75 million.
That compares with Kęty?s 2003 earnings of PLN 69.1 million.
Kęty?s managers can?t sell their stock for two years.
Other firms with generous stock option plans include ComputerLand IT services group, Sokołów meat-processor and UniCredito?s Bank Pekao.
Equity markets
SEC approves two new IPO?s
Polish Securities and Exchanges Commission has approved IPO plans of Comp Rzeszów software house and Torfarm SA drug distributor yesterday. The SEC, also...
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