latest revision vince , i have made bold face edits to the attached document . i still have two edits to make but am concerned that you were not reading the most recent version . sorry for any confusion but the editor doesn ' t use the edit function in word so i have ended up making edits on new versions of the paper . i still haven ' t made the change regarding the take - or - pay problem ( i left that paper at home in my briefcase and will make the change tomorrow morning ) . also , i haven ' t added anything regarding the conflict that arose over pay for new hires nor have i received the business week e - mail from you . however , if the paper looks ok to mark palmer we can make these minor edits on the galley pages of the article . thanks john p . s . i am very disappointed about the scheduling conflict you have on feb 23 rd . you will be greatly missed but i certainly understand . john d . martin carr p . collins chair in finance finance department baylor university po box 98004 waco , tx 76798 254 - 710 - 4473 ( office ) 254 - 710 - 1092 ( fax ) j _ martin @ baylor . edu web : http : / / hsb . baylor . edu / html / martinj / home . html