More U.S. companies have become entangled in the controversy over suspicious timing of stock option grants to top executives. Under the practice, the options are backdated to an ebb in a company's stock price instead of pegging the exercise price to the prevailing market value at the time of the award. Several companies in the technology sector disclosed this week that they are under scrutiny by the Securities and Exchange Commission or the Justice Department.
June 30, 2006 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
More U.S. companies have become entangled in the controversy over suspicious timing of stock option grants to top executives. Several disclosed this week that they are under scrutiny by federal authorities.
In expanding investigations, at least 51 public companies are under scrutiny by the Securities and Exchange Commission or the Justice Department for possible manipulation of options grants to boost their value to the recipients.
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