4th
March
2007
Make Backdating a Thing of the Past
“As you read this, hundreds of Silicon Valley CEOs are under their desks in full duck-and-cover mode, fearing that the Department of Justice or a shareholder mob might pounce at any time to cart them off for ‘backdating’ or ’spring-loading’ stock options. The paranoia has gotten so bad that corporate lawyers from San Francisco to San Jose are charging $600 an hour to scour records, all in an effort to clear companies’ reputations before they get besmirched.”
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