Executives Still Play Options Backdating Game: Study
Egregious discrepancies in reporting option grants have gone largely unnoticed since the act was passed in Congress in 2002, the report found.
Its authors, M. P. Narayanan and H. Nejat Seyhun, who are business professors of finance, argue that strategic market timing and late reporting are the chief methods of stock-option abuse.
It’s a clever game, they posit, with two major...
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