TITLE

Backdating Costs Add Up

AUTHOR(S)
Alleven, Monica
PUB. DATE
November 2006
SOURCE
Wireless Week;11/15/2006, Vol. 12 Issue 23, p14
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
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.
ACCESSION #
23251579

 

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