Description |
1 online resource |
Series |
Business economics in a rapidly-changing world series |
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Business economics in a rapidly-changing world series.
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Contents |
BACKDATING OF STOCK OPTIONS; CONTENTS; PREFACE; STOCK OPTIONS: THE BACKDATING ISSUES ; SUMMARY; INTRODUCTION; ILLUSTRATION OF UNDISCLOSED BACKDATING; TYPES OF STOCK OPTIONS; Nonqualified Stock Options; Qualified Stock Options; GROWTH OF STOCK OPTIONS IN THE 1990S; The Omnibus Budget Reconciliation Act of 1993; Higher Marginal Individual Income Tax Rates; ""Excessive Remuneration""- Section 162(m); The Stock Market Boom of the 1990s; Cost Accounting Rules for Certain Stock Options; THE EXTENT OF TIMING MANIPULATION OF OPTIONS; THE POTENTIAL COSTS OF BACKDATING; Costs to Shareholders |
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Costs from Earnings HitsCosts of Reduced Executive Performance; Costs from Delistings; Costs from the Actions of Bondholders; Costs of Additional Taxes; Costs of Probes, Fines, and Lawsuits; Employees; Bondholders; Taxpayers; KEY LEGISLATIVE AND REGULATORY DEVELOPMENTS; Sarbanes-Oxley Act: Stock Option Disclosure Reforms; SEC's 2003 Requirement of Approval of Compensation Plans; American Jobs Creation Act of 2004 (Section 409A); FASB Rule for Expensing Stock Options; SEC's 2006 Executive Compensation Disclosure Rules; GATEKEEPERS; Corporate Boards and Compensation Committees; Utside Auditors |
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Securities and Exchange CommissionLate Filings; The Question of the SEC's Alertness to Misconduct; POTENTIAL POLICY OPTIONS; Improve Enforcement of Timely Filing of Option Awards; Require Same Day Filing of Option Grants; Require Scheduling of Grants of Executive Stock Options; Ban Equity-based Pay for Top Attorneys and Board Members; Increase Shareholder Roles in the Election of Board Members; Eliminate the Cap on Deduction for Executive Pay; APPENDIX A. OTHER FORMS OF TIMING MANIPULATION; APPENDIX B. QUALIFIED STOCK OPTIONS; Incentive Stock Options; Employee Stock Purchase Plans |
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APPENDIX C. LITERATURE ABOUT BACKDATINGAcademic Studies; Erik Lie; Heron and Lie (article); Heron and Lie (working paper); Narayanan and Seyhum; Narayanan, Schipani, and Seyhun; Bebchuk, Grinstein, and Peyer (Lucky CEOs); Bebchuk, Grinstein, and Peyer (Lucky Directors); Bernile, Jarrell, and Mulcahey; Wall Street Journal Articles; APPENDIX D. LITERATURE ABOUT OTHER TYPES OF TIMING MANIPULATION; Yermack (Spring-Loading); Chauvin and Shenoy (Manipulation of Information Flow); Aboody and Kasznik (Manipulation of Information Flow); Callaghan, Saly, and Subramaniam (Timing of Repricing); End Notes |
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OPTIONS BACKDATING: THE ENFORCEMENT PERSPECTIVE End Notes; STOCK OPTIONS BACKDATING HEARING-COX TESTIMONY; STOCK OPTIONS BACKDATING HEARING- LIE TESTIMONY; BACKGROUND ON STOCK OPTIONS AND STOCK OPTION GRANTS; RESEARCH ON OPTION GRANT TIMING; IS OPTION GRANT TIMING ILLEGAL?; CONCLUSION; STOCK OPTIONS BACKDATINGHEARING- OLSON TESTIMONY; I. STOCK OPTION GRANTING PRACTICES HAVE RAISED CONCERNS ABOUT COMPANIES' ACCOUNTING FOR AND DISCLOSURE OF COMPENSATION COSTS; A. Employee Stock Options Can Be a Useful Tool, but Concerns Have Arisen Whether Companies Have Properly Disclosed Their True Costs |
Bibliography |
Includes bibliographical references and index |
Notes |
English |
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Description based on print version record and CIP data provided by publisher |
Subject |
Securities fraud -- United States
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Stock options -- United States
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TRUE CRIME -- White Collar Crime.
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Securities fraud
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Stock options
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United States
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Form |
Electronic book
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Author |
Weinstein, Bernard T
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LC no. |
2020687701 |
ISBN |
9781607419846 |
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160741984X |
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1613242107 |
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9781613242100 |
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