Greedy Trial Lawyer
Is Stock Option Backdating Only The Tip Of The Iceberg?
Category: Torts For Our Time
You can't tell the players without a scorecard. In this case you can't keep track of the resigned or fired corporate bigwigs who have enjoyed the benefits of backdating stock options without this useful (and surprisingly long) list.
Backdating - who has been ousted
What has amazed me is the frequent backdating to precisely the exact date that would maximize the profit for the recipient of the option. The scoundrels wanted every last penny of profit even if it meant the scam was more readily apparent. I mean, just how many darts can be expected to land in the bullseye?
All of this has made me question a lot of insider stock transactions which are basically only computer entries at some brokerage house. Just when did the order come in from the corporate officer to sell his company stock and when was it actually executed? Am I just a Suspicious Trial Lawyer?
Trackback Pings
TrackBack URL for this entry:
http://www.greedytriallawyer.com/admin/mt-tb.cgi/371