Backdating fraud

Stock options are awarded just before news, usually positive, is announced.

The shares increase in value and the options are worth more.

More than 100 probes are on, involving scores of companies, including reputed firms like Apple.

The top CEOs had argued for years against accounting rules that would make options a cost to the company.

Clause 25 of the Listing Agreement states that in the event of the company granting any options, it will promptly notify the exchange of the number of shares covered by such options, of the terms thereof and of the time within which they may be exercised.

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Also under sc-rutiny is spring loadingalmost the opposite of backdating.

Why else would Apple CEO Steve Jobs, Yahoo CEO Terry Semel, and Google CEO Eric Schmidt ask for

Also under sc-rutiny is spring loadingalmost the opposite of backdating.

Why else would Apple CEO Steve Jobs, Yahoo CEO Terry Semel, and Google CEO Eric Schmidt ask for $1 in salary The fair value of options awarded by S&P 500 firms alone in 2000 was a staggering $104 billion.

In any case, despite many of them doing nothing extraordinary, executives compensation has grown bigger by the day.

Scores of instances have been discovered where options were awarded on one date, but the grant date was set at an earlier date to precede a rally in the shares, locking in profits for the option recipient. These tend to align employees' interests with those of the shareholders.

Millions of Americans hold stock options, including top CEOs.

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Also under sc-rutiny is spring loadingalmost the opposite of backdating.Why else would Apple CEO Steve Jobs, Yahoo CEO Terry Semel, and Google CEO Eric Schmidt ask for $1 in salary The fair value of options awarded by S&P 500 firms alone in 2000 was a staggering $104 billion.In any case, despite many of them doing nothing extraordinary, executives compensation has grown bigger by the day.Scores of instances have been discovered where options were awarded on one date, but the grant date was set at an earlier date to precede a rally in the shares, locking in profits for the option recipient. These tend to align employees' interests with those of the shareholders.Millions of Americans hold stock options, including top CEOs.

in salary The fair value of options awarded by S&P 500 firms alone in 2000 was a staggering 4 billion.

In any case, despite many of them doing nothing extraordinary, executives compensation has grown bigger by the day.

Scores of instances have been discovered where options were awarded on one date, but the grant date was set at an earlier date to precede a rally in the shares, locking in profits for the option recipient. These tend to align employees' interests with those of the shareholders.

Millions of Americans hold stock options, including top CEOs.

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