Search results
Results from the WOW.Com Content Network
Cases of backdating employee stock options have drawn public and media attention. [1] Stock options are often granted to the upper management of a corporation. While options backdating is not always illegal, [2] it has been called "cheating the corporation in order to give the CEO more money than was authorized."
Reyes's trial began on June 18, 2007, making it the first criminal trial in which a backdating prosecution was considered before a jury.. In the trial, Reyes stated that he had no intent to deceive anyone, and that his decisions relied largely in good faith on the accuracy of documentation provided by Brocade's finance department, which incorrectly accounted for stock options in Brocade's ...
Employee stock options (ESO or ESOPs) is a label that refers to compensation contracts between an employer and an employee that carries some characteristics of financial options. Employee stock options are commonly viewed as an internal agreement providing the possibility to participate in the share capital of a company, granted by the company ...
Employee stock option basics. When employees receive stock option grants, they have the opportunity to exercise the options at some later date at a predetermined price, called the strike price or ...
In 2008 the Northern District of California U.S. Attorney's Office concluded their two-year stock options backdating probe of Schroeder. No indictment was filed due to a lack of evidence, and due to the fact that Schroeder did not exercise or profit from the allegedly backdated option grants. Following the Wall Street Journal's 2006 expose of ...
Heinen was to return $1.575 million from the stock options that she received, plus interest, and pay a $200,000 penalty. [10] Apple's former CFO Fred D. Anderson had already reached a $3.5 million settlement with the SEC in 2007, without admitting or denying its allegations regarding the stock-option backdating at the technology company. [11]
How equity pushes employees. Offering stock options is a common strategy, especially for early-stage companies that don't have much cash for salaries, said Jorge Martin, head of the employee ...
For premium support please call: 800-290-4726 more ways to reach us