Ordonnance du Roy Louis XIII servant de statuts aux marchands merciers, grossiers, joüailliers de cette ville de Paris. [De janvier 1613. Suivie de l'ordonnance d'août 1645 sur le même sujet et d'un arrêt du Parlement du 7 juillet 1671, interdisant aux marchands d'avoir plus d'un apprenti.]

[Acte. 1671-07-07]

Consumer Advisory Bulletin, Lottery Scams Plus Counterfeit Checks: You’re the Loser!, October 2006

The Attorney General’s Consumer Protection Division receives hundreds of calls and consumer complaints every year. Follow these tips to avoid unexpected expense and disappointments. This record is about: Lottery Scams Plus Counterfeit Checks: You’re the Loser!

On the valuation and incentive effects of executive cash bonus contracts

Executive compensation packages are often valued in an inconsistent manner: while employee stock options (ESOs) are typically valued ex-ante, cash bonuses are valued ex-post. This renders the existing valuation models of employee compensation packages theoretically unsatisfactory and, potentially, empirically distortive. In this paper, we propose an option-based framework for ex-ante valuation of cash bonus contracts. After obtaining closed-form expressions for ex-ante values of several frequently used types of bonus contracts, we utilize them to explore the e¤ects that the shape of a bonus contract has on the executive s attitude toward risk-taking. We, also, study pay-performance sensitivity of such contracts. We show that the terms of a bonus contract can dramatically impact both risk-taking behavior as well as pay-performance incentives. Several testable predictions are made, and venues of future research outlined.