Payment of 7276 shares by Gery Yoav of Morgans Hotel subject to Rule 16b-3
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Filed transaction by Morgans Hotel Group Co officer. Payment of exercise price or tax liability by delivering or withholding securities
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Retained Earnings is a balance sheet account that refers to the portion of company income that is retained by the firm. In other words it is a part of earnings that is not paid out as dividends or otherwise distributed to owners. Retained Earnings are calculated by adding net income to last period retained earnings and subtracting any dividends paid to owners.