Aug articles on stock option backdating
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Backdating options is not illegal, so long as companies account for it in public filings.
Prosecutors alleged that Karatz secretly backdated options for himself and other employees, sharing his plan with only one other employee, Gary Ray, KB’s former vice president of human resources.
The allegations of illicit sex, drugs, and rock and roll reminded me of the 60s ... Sure, Broadcom had to take a .2 billion charge to fix the accounting mess left by the company's former executives.
But how does that relate to hiring prostitutes and drugging customers without their knowledge?
Karatz, 64, is one of the most prominent corporate executives to be charged criminally in the government’s long-running crackdown on options backdating. The scheme enabled him to make more than million in “secret pay,” Assistant U. Revenue soared under his watch, reaching a record billion in 2006.
His character witnesses during the month-long trial included former Los Angeles Mayor Richard J. As a courtroom clerk announced the jury’s decision, Karatz sat stone-faced between two of his lawyers, and then left the courthouse without comment.“This is personally a challenging time,” he said in a statement later. His success enabled Karatz to become a major philanthropist, contributing to efforts to rebuild Los Angeles after the 1992 riots and New Orleans after Hurricane Katrina.
Ray said he thought there was something improper about what he was doing, but he went along regardless.Japanese laws are not necessarily the same as those in the U. Also, times have been good for investors for a long time.