Friday, December 29, 2006

Option backdating in the rearview mirror

Well written piece reviewing the option backdating mess at EDN Electronic News - although I strongly disagree with the following quote:

Honestly, lawyers love this backdating stuff more than anybody – they're really the only ones that can benefit from all that's happened this year.
Shareholders benefit when those running the company are required through regulation, fear of prison or herds of lawyers to remember who owns the company and where their loyalty is due. When those in the C suites forget what Mama taught them, lawyers will appear to remind them to behave.

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