Just as a jury convicted ex-Enron executives Ken Lay and Jeff Skilling of conspiracy and fraud, another corporate scandal is brewing over options granting practices. Some companies are suspected of retroactively dating stock option grants to an earlier date when the stock price was low, so that option holders can make a higher profit. More than a dozen firms, many of them technology companies are under investigation according to this CNN Money story.
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2 responses so far ↓
1 Canadian Capitalist // May 29, 2006 at 7:04 am
Ben Stein has written an excellent column on this topic on Yahoo! Finance.
Link
2 mike // May 29, 2006 at 6:32 pm
Ben Stein is top notch
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