The issue is important not just as a matter of equity.
Over the next five years, management will get another 20 percent of the company's equity.
Now, if oil goes back up to the original price, he has only $83 of equity.
So, officials said, the decision was a matter of equity.
This deal very clearly has nothing to do with any sort of equity.
When the deal was complete in 1968, the Federal government held 45% of the new company's equity.
Still, it will get 60 percent of the equity in the company.
A few points in the development of Equity may be here noted.
"The issue of equity can become serious," the report says.
In January there was just one public issue of equity.