Backdating Costs Add Up

Alleven, Monica
November 2006
Wireless Week;11/15/2006, Vol. 12 Issue 23, p14
Trade Publication
The article discusses the cost concerns of stock option backdating for some business enterprises in the wireless communication industry. Backdating is a practice among businesses wherein companies select a time when their stock was trading at a lower point and presenting it as the date on which it was granted. According to Glass, Lewis & Co., backdating has resulted in the recognition of at least $5.2 billion in additional pre-tax compensation expenses.


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