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Newspaper
Odessa American
Location
Odessa, Texas, United States of America
Date
Aug 29, 1981
Page
5
When a shareholder quits or dies in a closely held company a buy sell agreement helps continue operations, limits unwanted entrants, and sets stock value for tax purposes. It creates a market for stock, fixes price, and ensures fair compensation for sellers or heirs.
United Airlines, the nation's largest carrier, will dismiss about 2,100 of its 48,300 employees after Labor Day due to reduced passenger loads and flight limits from the air traffic controllers strike. Golden Gate Airlines suspended operations by Friday close, though officials claim it is not going out of business. A Gerald Peters cited losses and the strike as causes.
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