options backdating การใช้

• In 2006, Comverse was involved in an options backdating scandal.
• Another public perception is that options backdating stems from executive corruption.
• This all but eliminated the opportunity for senior management to engage any meaningful options backdating.
• While options backdating is not always illegal, many options in corporations are granted to upper management.
• Reyes is the first corporate official to be convicted of concealing stock options backdating in the United States.
• However, in late 2005 and early 2006, the issue of stock options backdating gained a wider audience.
• In 2009, Fisher represented the General Counsel of a major telecommunications company on charges of stock options backdating.
• He also presided over the stock-options backdating trial of Brocade Communications Systems CEO Gregory Reyes in 2007.
• On October 10, 2006, Shelby Bonnie resigned as chairman and stock options backdating scandal that occurred between 1996 and 2003.
• Reyes resigned from Brocade when he was indicted by the U . S . government for accounting irregularities associated with corporate stock options backdating.
• Moreover, executive stock options contributed to the accounting manipulation scandals of the late 1990s and abuses such as the options backdating of such grants.
• He has led investigations of market timing, stock options backdating, financial fraud, insider trading, and investment advisor and hedge fund fraud.
• Beginning early in his chairmanship he focused the agency's enforcement efforts on stock option backdating against the former Chairman and CEO of UnitedHealth Group.
• In the wake of a stock option backdating probe by the SEC of KLA-Tencor, the company terminated its contract with Schroeder in 2006.
• Judge Cormac J . Carney threw out the stock fraud and options backdating charges in December 2009 . The drug charges were also dropped in January 2010.
• The problem with this practice, according to the SEC, was that stock option backdating, while difficult to prove, could be considered a criminal act 6.
• On June 5, 2008, Broadcom co-founder and former CEO Henry Nicholas and former CFO William Ruehle were indicted on charges of illegal stock-option backdating.
• Reyes was sentenced to 21 months in prison in addition to a $ 15 million fine, making him the first executive to be convicted of the concealment of stock options backdating.
• In the modern business world, the Sarbanes-Oxley Act has all but eliminated fraudulent options backdating by requiring companies to report all options issuances within 2 days of the date of issue.
• However, in December 2009, federal judge Cormac J . Carney threw out the options backdating charges against Nicholas and Ruehle after finding that federal prosecutors improperly tried to prevent three defense witnesses from testifying.