Business & Economics Books:

Backdating of Stock Options

Format

Paperback

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Backdating of Stock Options
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Description

This book highlights the issue of backdating of stock options and its ramifications. Employee stock options are contracts giving employees the right to buy the company's common stock at a specified exercise price, at a specified time or during a specified period, and after a specified vesting period. The value of the option when granted lies in the prospect that the market price of the company's stock will increase by the time the option is exercised (used to purchase stock). At the grant date for the options, rather than selecting an exercise price based on the lower market price; that is, they backdated stock options to an earlier grant date. If this backdating occurred without public disclosure, the recipient of the stock options received increased compensation in violation of Securities and Exchange Commission (SEC) regulations, generally accepted accounting rules, and tax laws. Some backdating is said to involve "sloppiness", not fraud. The backdating of stock options has imposed costs on shareholders, employees, bondholders and taxpayers. This book consists of public documents which have been located, gathered, combined, reformatted, and enhanced with a subject index, selectively edited and bound to provide easy access.
Release date Australia
October 28th, 2010
Contributor
Edited by Bernard T. Weinstein
Country of Publication
United States
Imprint
Nova Science Publishers Inc
Pages
96
Dimensions
230x155x7
ISBN-13
9781607419846
Product ID
3594343

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