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Illegal Investment Practices News

Backdating Stock Options Investigated

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At a glance:

A new series of investigations is underway in corporate America. This one concerns how companies handle stock options granted to senior executives. 
 
Stock options are a common perk, but the problem arises if their exercise price is later backdated and this is not properly disclosed and accounted for. The result may produce a falsely inflated payout, not in line with the company's actual performance.  
 
Some of the companies contacted by the SEC on this issue include Juniper Networks, Openwave Systems, and UnitedHealth. CNET and American Tower were also named, with a total of 17 companies involved in the investigation so far.

US telecoms firm investigated over stock options

Times Online - 5/22/2006 7:07 PM

THREE more American technology companies announced yesterday that they were looking into the way in which senior executives had been granted stock options, bringing to about 17 the number of companies said to be embroiled in questionable practices.
 
Juniper Networks, the telecoms equipment maker, Openwave Systems, a software provider, and CNET Holdings, an online media business, all confirmed that they had either been contacted by regulators or had launched internal investigations into the timing and pricing of stock options.
 
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