February 26, 1999

'Stock Options' at Pitt's Business School Could Enable Employees to Cash In

Faculty and staff members will cash in if the University of Pittsburgh's business school performs better, under an unusual plan devised by the school's dean.

Frederick Winter, dean of the Katz School of Business, gave the 160 full-time employees "stock options" in an entity called Katz Inc. Each employee received options on 80 shares at $20 apiece.

The price of the phantom stock will rise and fall with

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