The newest intrigue in corporate America, the apparent backdating of stock options to boost top executives' compensation, is rapidly taking on the dimensions of a major scandal. The number of public companies under investigation by federal agencies has grown to more than 30 and executives at several companies have been fired. Many of the companies involved are from the world of high-tech. Federal prosecutors have yet to bring criminal charges against any of the companies or executives.
June 05, 2006 at 12:00 AM
1 minute read
The newest intrigue in corporate America, the apparent backdating of stock options to boost top executives’ compensation, is rapidly taking on the dimensions of a major scandal.
The number of public companies under investigation by the Securities and Exchange Commission or federal prosecutors has grown to more than 30 and executives at several companies have been fired.
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