deferred stock

The deferred stock units accumulate with dividends in an account the director cannot touch before leaving the board.

Take a look at deferred stock compensation.

Since 1996, the annual fee for being on the board was translated into deferred stock that could be collected after a director left the board.

But one investor first deferred bonds, while the other first deferred stocks.

Restricted and deferred stock is supposed to keep executives from leaving the firm and to keep them performing well.

A trend is already emerging toward restricted and deferred stock grants, Mr. Poerio said.

The profit sharing pool will be paid to Trustees who will acquire deferred stock in the company to hold it on behalf of participating employees.

The failure to report deferred stock compensation involved 6,326 Computer Associates shares that were granted to Mr. Grasso.

This time last year, there was a lot of talk about forcing the banks to pay bonuses in deferred stock, but then nothing much happened, at least in Congress.

"These deferred stock programs make it tougher to move around," said William Hartman, a securities industry analyst at J. P. Morgan & Company.

He concluded that the Brighton Deferred stock 'combined the highest return on investment, with the best prospect of future appreciation and the smallest risk of retrogression.'

In bringing in a new chief executive, however, Kmart handed out millions of dollars in deferred stock grants and left its supplemental pension benefits for executives intact.

Mr. Lorello left for Warburg after being offered more than $50 million in salary and bonuses over three years and about $25 million in deferred stock benefits.

Then there was the $93.3 million that Mr. Irani withdrew from a huge deferred stock plan that was revealed for the first time this year under the new rules.

Both 1988 and 1987 year earnings included the effect of dividends accrued on Perini's depository deferred stock which amounted to 67 cents and 34 cents per common share, respectively.

Mr. Grasso, who put himself forward as a champion of good governance, also failed to report the deferred stock compensation he was given while on the board of Computer Associates.

Outside directors receive options on 15,000 shares at each annual meeting; new directors who are not employees of eBay also receive $150,000 worth of what the company calls deferred stock units.

The Obama administration has promised to set a $500,000 cap on executive pay at companies that receive bailout money, directing banks to tie risk taken to workers' reward by paying anything further in deferred stock.

We should remember that most of the banks had excess capital, as measured by the government, and most of their C.E.O.s had vast fortunes tied up in deferred stock, stock options, etc.

But until now, it has been mainly the Microsoft alumni - the hundreds who have thrown off the "golden handcuffs" of deferred stock options and concluded that where they want to go today is out - who have set the examples.

Since hiring Mr. Nardelli, 58, the board has awarded him more than $87 million in deferred stock grants and $90 million in stock options, according to an analysis by Brian Foley, a compensation consultant in White Plains.

Richard A. Grasso, the chairman of the New York Stock Exchange and a leading official in setting the tone for corporate America, did not disclose his ownership of deferred stock as a board member of Computer Associates International.

The company said it was at fault, saying in a recent letter to Mr. Grasso that it had previously determined that his deferred stock compensation for being an outside director did not meet the requirements for filing the disclosure with the Securities and Exchange Commission.