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Results for backdated. Search took 0.20 seconds.
Backdated tax gifts
in Sox First, on February 29, 2008
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Donations to charity are tax deductible. But what if they are in the form of backdated stock gifts? That seems to be the case in a new study from New York University finance professor David Yerma...
Howard Gardner on business ethics
in Sox First, on June 7, 2007
...eads a 28-year-old MBA candidate to cheat on exams shows up 10 or 20 years later in fudged numbers, backdated option grants, and indictments. If the culture of business had what Gardner calls an ethic...
Apple un-backdates stock options
in Sox First, on March 18, 2007
...ou hear is Apple chief Steve Jobs digging himself out of the hole he has helped create by all those backdated options. First at one end, a Disney probe has confirmed there was some backdating but...
Backdating and 9/11
in Sox First, on March 8, 2007
...reports that companies are admitting they issued the options after the terrorist attacks, and then backdated them. You can read the entire piece here . Previously when the issue of options and 9/11...
Backdating: The Al Capone solution
in Sox First, on February 19, 2007
...ing companies the opportunity to pay the 20 per cent tax plus interest their employees would owe on backdated options. It doesn't apply to company executives and insiders who will have to carry th...
The Apple case: where to now?
in Sox First, on January 27, 2007
...uchable . Daniel Gross has a good piece in Slate magazine setting out the problem: Jobs received backdated options, but not at his own direction. Now, the massive grant was approved at a phony boar...
Rough year for Fortune 100 CEOs: 14% LOST Their JOBS
in Bizinformer, on January 4, 2007
...stice Department actions, or have restated financials based on backdating:
- Home Depot routinely backdated options for 20 years since 1981
- Caremark Rx received a Grand Jury subpoena from the Jus...
Bad taste of Apple's options
in Sox First, on January 2, 2007
...t to be desired: "The get-out clause is that Mr Jobs did not know that his own grant had been backdated. This casts a better light on his behaviour than if he had rewarded himself by amending op...
Backdating and lucky CEOs
in Sox First, on November 18, 2006
...t backdating is no trivial issue. "We estimate the average gain to CEOs from grants that were backdated to the lowest price of the month to exceed 20 per cent of the reported value of the grant ...
Apple & HP: a study in contrasts?
in Sox First, on October 5, 2006
Two significant developments, two significant companies. And initially, it looks like a study in contrasts. California Attorney General Bill Lockyer has charged ousted Hewlett-Packard chairwoman Patricia Dunn and four others with conspiracy and fraud for their roles in the hamfisted company pro...
Cablevision Systems: We pay dead people
in Sox First, on September 25, 2006
The web is buzzing over what can be described as the ultimate golden parachute. Yes, the stock option backdating scandal has reached new depths with revelations that cable TV operator Cablevision Systems granted options to a board member after he died , backdating to them when he was sti...
Execs charged in stock options probe - just a start
in Sox First, on July 21, 2006
...in the slammer plus a $5 million fine, reports CBS . According to the complaints, Reyes allegedly backdated documents so strike prices appeared to be the same as the company's share price on the...
The widespread practice of option timing
in Sox First, on July 17, 2006
Backated options aren't just Limited to a few bad apples! Seems that more than 2200 US companies might have manipulated the timing of stock-option grants to executives between 1996 and 2005, according to a new study . And the study shows that some companies were more likely to do i...
Red flags for backdated options
in Sox First, on July 7, 2006
Corporate governance watchdogs, the Corporate Library and institutional investment adviser Glass, Lewis & Co have revealed the warning signs for companies engaging in options backdating practices. The red flags include missing Form 4 filings, options repeatedly granted when the share ...