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BD Corp. taps execs as investors

This article was originally published in The Gray Sheet

Executive Summary

President and CEO Edward Ludwig is required to own company stock in the company representing five times his annual salary, BD notes in a proxy statement for its Feb. 13 annual shareholders' meeting. Ludwig's base salary was $730,000 in 2001, placing his stock ownership requirement in the $3.8 mil. range, or over 100,000 shares at recent trading levels. "Stock options, including vested options, are not included in determining whether an individual has met his or her ownership guidelines," the proxy says, and the company "does not, and has not, provided any loans to management for the purpose of assisting them in satisfying these ownership guidelines"...
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