Stock option program highlights shareholder value as key management focus
Zurich, Switzerland, December 15, 1997 - ABB, the international electrical engineering
company, said today that, following a decision by its Board of Directors, it will shortly
launch a new management share option program for some 400 senior managers
worldwide. The program is intended to enhance ABB's long-term performance and the
creation of greater shareholder value. It will be based on options excercisable into
existing ABB AG bearer shares.
The intention is to have a continuous program with annual option launches covering
some 100,000 underlying shares. The duration of each year's launch will be 6 years.
The new program will succeed the present management option program launched in
1993.
The ABB Group employs about 216,000 people worldwide with orders in 1996 of
US$ 36 billion. (End)