Yes, it’s that time of the year — one of my favorites — where months of anticipation finally wind down and we get down to business.
It’s camp-watch time as the New Orleans Saints have opened preseason training in the blistering New Orleans heat.
It’s funny, because I’ve heard a couple of other Saints fans say they’ll never be able to get that excited again after last season’s incredible performance. Me? I’m greedier than that. I’ll all about the “Two Dat,” and will still get excited watching the games whether the Saints go 16-0 or 2-14 in the regular season.
On Oct. 28 Athletic Director Tommy McClelland and Louisiana Tech University President Les Guice held a lunch press conference. At the luncheon, McClell and Guice revealed the next stage of the “Quest for Excellence” project, which will add an additional 70,000-square-feet to the football complex. The $18 million expansion is set to break ground in spring 2014.
In a previous Ruston Daily Leader article McClelland said “this facility would not be possible without the generosity of our local supporters, alumni, friends and the students quarterly athletic fee.”
In this case, we’re talking about employee stock options, which many companies offer workers as part of their compensation package. In a typical plan, management grants its work force the right to buy stock at a specified price (the exercise price) by a certain time (the expiration date).
In many cases, the opportunity to buy the stock extends for up to 10 years. If the company is doing well, the fair market price (the price of the stock on a securities exchange) could be above the exercise price, creating profit for the worker.
“The attractiveness of an employee stock-option plan depends on the performance of the company,” says Kristin Wagner, manager of the Executive Services Team of Wells Fargo Advisors. “There could be a very large differential between the exercise price and the fair market price.” After an employee buys stock from the company, he or she is free to sell all or some of the shares through a financial advisor or brokerage company.