Daily Kos: The Options Back Dating Scandal: Overview and Explanation

Daily Kos: The Options Back Dating Scandal: Overview and Explanation: "A new financial scandal has emerged over the last year or so. It's the options back dating scandal. By altering the date when a company officially granted an option, an executive could increase the amount of his actual pay and lower his tax liability on his executive compensation. This week, SEC head Christopher Cox testified before Senate to give Senators an update on the situation. His testimony gives a great overview of what is actually involved with the scandal as well as the status of current enforcement actions." [Daily KOS]