SZ/CSA/166/8 - [Letter, Alec Johnston to SZ, 21/6/67]

Reference code

SZ/CSA/166/8

Level of description

Item

Title

[Letter, Alec Johnston to SZ, 21/6/67]

Date/s

1967

Quantity & Format

2 leaves Letters (typescript)

Subject

Options (Finance)

Creator

Johnston, Alexander,

Creator

Zuckerman, Solly, 1904-1993

Administrative/Biographical history

recipient

Scope and content

Provides a background on the decision to give certain schemes a full two-thirds pension after twenty years' service. Reasons are given for not being able to minimise this period and in any case legislation would be needed. Transferability of pension rights and why this is not an option is discussed. Johnston points out why share options given to directora and senior executives of companies are not really liked by industry, their implications for taxation are also laid down.

SZ/CSA/166/9

Attached to [SZ/CSA/166/9].

SZ - Zuckerman Archive
- SZ/CSA - [Chief Scientific Adviser's papers]
  - SZ/CSA/166 - [CSA. Taxation - Correspondence with E.M. Behrens, R.D. Young and Treasury]
    - SZ/CSA/166/8 - [Letter, Alec Johnston to SZ, 21/6/67]

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