Wednesday, June 21, 2006

Stock Options Scandal

In case you missed them, there have been numerous articles about companies changing the date or backdating the grant date of stock options for their executives to a day when the stock price is at one of its lowest points, which would guarantee the maximum profit for the optionholder. Claims have been made against several companies, with a significant portion being in the high tech industry. Accused companies include:
Monster
Xilinx
Asyst
Maxim
Trident
Broadcom
etc.
For a list of news article regarding the stock option scandal, check out:
eetimes.com

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