Thursday, September 21, 2006

Plugged In: Why options backdating is a big deal - Jul. 26, 2006

Plugged In: Why options backdating is a big deal - Jul. 26, 2006: "For the past several weeks I've been asking experts (to be precise: lawyers) if they think the options backdating scandal is a big deal with major ramifications, a medium-sized brouhaha that will fade after the egregious abusers have been punished, or a tempest in a teapot we'll have forgotten by Christmas.

Wishful thinking aside, almost nobody believes it's Door No. 3, a scandal-of-the-day wiped out by the next news cycle. The question on backdating then remains: pervasive rot in the system or technical malfunction that needs to be cleared up?" [CNN]