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In Mastec Advanced Technologies,26 service technicians were fired after appearing on a television news show to complain about their employer's instructions about how to persuade customers to install phone connections for their satellite television service,and the charge-backs to employees' pay if they did not procure such connections.Phone connections were not necessary for the service to work,but the company earned more money if phone connections were installed.Regarding the terminations,the court ruled:
Call Option
A financial contract giving the buyer the right, but not the obligation, to buy an asset or financial instrument at a specified price within a specific time period.
Strike Price
The specified price at which the holder of an option contract can buy (call option) or sell (put option) the underlying asset until the expiration date.
Conversion Ratio
A key term in finance, specifically in convertible securities, representing the number of shares an investor can convert a bond into.
Par Value
The face value of a bond or stock as stated by the issuing company, which may be different from its market value.
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