Backdating Probes To Spare No One: Grassley

Law360, New York (September 6, 2006, 12:00 AM EDT) -- Senator Chuck Grassley painted the growing scandal over stock options backdating as a threat to American values Wednesday at a U.S. Senate Finance Committee hearing on backdating and executive compensation.

“When anyone threatens our fundamental principles, we must take it very seriously, or risk losing our greatness as a nation,” said Grassley, a Republican from Iowa and chairman of the committee. “Today, we will hear about behavior at some of our largest companies that is such a threat. It is behavior that, to put it bluntly,...
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