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Backdating of stock options /
| Clasificación: | Libro Electrónico |
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| Otros Autores: | |
| Formato: | Electrónico eBook |
| Idioma: | Inglés |
| Publicado: |
New York :
Nova Science Publishers, Inc.,
[2010]
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| Colección: | Business economics in a rapidly-changing world series.
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| Temas: | |
| Acceso en línea: | Texto completo |
Tabla de Contenidos:
- BACKDATING OF STOCK OPTIONS; CONTENTS; PREFACE; STOCK OPTIONS: THE BACKDATING ISSUES ; SUMMARY; INTRODUCTION; ILLUSTRATION OF UNDISCLOSED BACKDATING; TYPES OF STOCK OPTIONS; Nonqualified Stock Options; Qualified Stock Options; GROWTH OF STOCK OPTIONS IN THE 1990S; The Omnibus Budget Reconciliation Act of 1993; Higher Marginal Individual Income Tax Rates; ""Excessive Remuneration""- Section 162(m); The Stock Market Boom of the 1990s; Cost Accounting Rules for Certain Stock Options; THE EXTENT OF TIMING MANIPULATION OF OPTIONS; THE POTENTIAL COSTS OF BACKDATING; Costs to Shareholders.
- Costs from Earnings HitsCosts of Reduced Executive Performance; Costs from Delistings; Costs from the Actions of Bondholders; Costs of Additional Taxes; Costs of Probes, Fines, and Lawsuits; Employees; Bondholders; Taxpayers; KEY LEGISLATIVE AND REGULATORY DEVELOPMENTS; Sarbanes-Oxley Act: Stock Option Disclosure Reforms; SEC's 2003 Requirement of Approval of Compensation Plans; American Jobs Creation Act of 2004 (Section 409A); FASB Rule for Expensing Stock Options; SEC's 2006 Executive Compensation Disclosure Rules; GATEKEEPERS; Corporate Boards and Compensation Committees; Utside Auditors.
- Securities and Exchange CommissionLate Filings; The Question of the SEC's Alertness to Misconduct; POTENTIAL POLICY OPTIONS; Improve Enforcement of Timely Filing of Option Awards; Require Same Day Filing of Option Grants; Require Scheduling of Grants of Executive Stock Options; Ban Equity-based Pay for Top Attorneys and Board Members; Increase Shareholder Roles in the Election of Board Members; Eliminate the Cap on Deduction for Executive Pay; APPENDIX A. OTHER FORMS OF TIMING MANIPULATION; APPENDIX B. QUALIFIED STOCK OPTIONS; Incentive Stock Options; Employee Stock Purchase Plans.
- APPENDIX C. LITERATURE ABOUT BACKDATINGAcademic Studies; Erik Lie; Heron and Lie (article); Heron and Lie (working paper); Narayanan and Seyhum; Narayanan, Schipani, and Seyhun; Bebchuk, Grinstein, and Peyer (Lucky CEOs); Bebchuk, Grinstein, and Peyer (Lucky Directors); Bernile, Jarrell, and Mulcahey; Wall Street Journal Articles; APPENDIX D. LITERATURE ABOUT OTHER TYPES OF TIMING MANIPULATION; Yermack (Spring-Loading); Chauvin and Shenoy (Manipulation of Information Flow); Aboody and Kasznik (Manipulation of Information Flow); Callaghan, Saly, and Subramaniam (Timing of Repricing); End Notes.
- OPTIONS BACKDATING: THE ENFORCEMENT PERSPECTIVE End Notes; STOCK OPTIONS BACKDATING HEARING-COX TESTIMONY; STOCK OPTIONS BACKDATING HEARING- LIE TESTIMONY; BACKGROUND ON STOCK OPTIONS AND STOCK OPTION GRANTS; RESEARCH ON OPTION GRANT TIMING; IS OPTION GRANT TIMING ILLEGAL?; CONCLUSION; STOCK OPTIONS BACKDATINGHEARING- OLSON TESTIMONY; I. STOCK OPTION GRANTING PRACTICES HAVE RAISED CONCERNS ABOUT COMPANIES' ACCOUNTING FOR AND DISCLOSURE OF COMPENSATION COSTS; A. Employee Stock Options Can Be a Useful Tool, but Concerns Have Arisen Whether Companies Have Properly Disclosed Their True Costs.