ONESGF_1999-05-09
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A look back at stock options
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Last year these 10 executives were sitting on the largest amount of exercisable and nonexercisable options. We recap what they've done in the past year.
Theodore Deikel of Fingerhut was sitting on $59.6 million worth of exercisable and nonexercisable options. He agreed to sell Fingerhut to Federated Department Stores in February for approximately $1.5 billion.
William McGuire of United Healthcare Corp. (now named UnitedHealth Group) had $48.4 million worth of exercisable and nonexercisable stock options at the end of 1997. He exercised $7.2 million worth of options in 1997 and in 1998 he exercised $19.1 million.
Robert Ulrich of Dayton Hudson had $43.9 million worth of exercisable and nonexercisable stock options at the end of the 1997 fiscal year. He exercised $5.5 million worth of options in 1998. He has amassed $111.2 million worth of exercisable and nonexercisable options.
Richard Kovacevich, $40.8 million worth of options, led Norwest's acquisition of Wells Fargo last year. Norwest adopted Wells Fargo's name and headquarters in San Francisco. He didn't exercise any options last year and now has $44.2 million worth of exercisable and nonexercisable options.
William George, CEO of Medtronic, had $37.9 million worth of combined options last year. He ranks on top of the compensation list this year on the strength of $21.0 million in exercised options.
John Dasburg of Northwest Airlines had $27.2 million in exercisable and nonexercisable options, exercised $16.8 million worth of options in 1998, before the airline's stock price dropped.
John Grundhofer of U.S. Bancorp sat on $24 million worth of options at the end of 1997, exercised $14.8 million in 1998 and received 549,616 more options valued at $11.7 million.
Ronald Zebeck of Metris Companies held $21.3 million worth of exercisable and nonexercisable options at the end of 1997. He exercised $453,000 during the year, and now holds a combined $35.4 million in options.
William Cadogan of ADC Telecommunications held $20 million in exercisable and nonexercisable options at the end of 1997. He exercised $4.5 million worth; his total exercisable and nonexercisable options are now worth $9.6 million.
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