The practice of choosing the grant date of a stock option retroactively, so that the date of the grant would coincide with a date when the stock price was lower than its price at the time the grant was actually awarded. By backdating the option in this way, the executive receives a stock option that is already in-the-money.
Several executives of Computer Associates International, including former CEO Sanjay Kumar
Alex Fries emigrated to the United States from Germany in the early
The use of stock options to compensate executives has become much more
The scandal on backdating stock options introduced new terminology to describe these
Executive stock options (ESOs) are used to provide incentives for
In what way would the benefits of backdating be reduced if a
Explain how you would do an analysis similar to that of Yermack
1. Do you think that stock options actually motivate employees to
Employee stock options allow company executives to buy shares of their company
After Enron, WorldCom, and other major corporate scandals that rocked
