Showing results for: “backdating”
Backdated options and incentives.
A letter to the editor in today’s W$J (see here) asserts the following regarding option backdating: [B]y backdating options at the lowest price of the past period, say, three months, a company is not providing any more incentives to CEOs to work harder on behalf of shareholders. If anything, since the options are already in ... Backdated options and incentives.
The origin of option backdating?
An article in yesterday’s NYT describes the genesis of option backdating at Micrel Inc., a silicon valley semiconductor company: Throughout the 1990’s, Silicon Valley companies were locked in an intense battle to recruit employees, and stock options were their primary tool. * * * So when new hires began complaining that the [Micrel’s] volatile share ... The origin of option backdating?
Option Backdating and Disney
As I’m sure you’ve heard by now, the Delaware Supreme Court finally issued its opinion in Disney. See this post at the glom for commentary by Gordon Smith and a collection of links to discussion on other blogs. As for option backdating, I think directors on compensation committees of companies embroiled in the backdating scandal ... Option Backdating and Disney
Option Backdating Scorecard
For those following the option backdating scandal, the W$J has a regularly updated scorecard here listing the embroiled companies, etc. (HT: Lattman).
UnitedHealth Option Backdating Lawsuit Complaint
As I noted in this post, there are a variety of federal securities law claims that could be alleged with respect to option backdating. The case filed against UniteHealth, however, is a derivative suit which indicates it is based on state law claims. I was curious as to what exactly the claims are so I ... UnitedHealth Option Backdating Lawsuit Complaint
New Academic Paper on Option Backdating
Following up on this post, a new paper entitled “The Dating Game: Do Managers Designate Option Grant Dates to Increase Their Compensation?� was recently posted on SSRN (click here). The paper was co-authored by two U. of Michigan Finance professors, M.P. Narayanan and Hasan Nejat Seyhan. Here’s the abstract: We provide evidence of a dating ... New Academic Paper on Option Backdating
Option Backdating: The Next Big Corporate Scandal?
Option backdating was on page one of the W$J again yesterday (here). The story was spurred by comments made by UnitedHealth’s CEO, William W. McGuire, during UnitedHealth’s First Quarter 2006 Results Teleconference on Tuesday. UnitedHealth’s option grants to Dr. McGuire were among those cited as suspicious by a March 18 page one W$J (article here; ... Option Backdating: The Next Big Corporate Scandal?
I look pretty young but I'm just backdated, yeah
The WSJ this weekend has a long piece on the issue of stock option backdating, “The Perfect Payday.” Here’s the tagline: Some CEOs reap millions by landing stock options when they are most valuable. Luck–or something else? It’s an interesting article, much of which is devoted to debunking the assertion that backdating of options grants ... I look pretty young but I'm just backdated, yeah
