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The Motley Fool December 10, 2007 Michael Goode |
The $620 Million Refund UnitedHealth's former CEO agrees to pay a $620 million fine to compensate the company for his inappropriate backdating of options. |
The Motley Fool January 2, 2007 Rich Duprey |
Apple's Rotting Core? Although the computer maker absolved its CEO of wrongdoing, should investors be so lenient? |
The Motley Fool April 20, 2006 Rich Duprey |
Backdating Battle The SEC investigates stock option backdating at a dozen companies. Should the investigations uncover actual proof of wrongdoing at these or other companies, not only should the executives be held accountable for their actions, but the boards of directors should be punished as well. |
The Motley Fool December 4, 2006 Matthew Crews |
UnitedHealth Group: McGuire's Frozen Options Another episode in the great stock options saga. An injunction was issued against William McGuire, departing CEO of UnitedHealth. The injunction freezes all of McGuire's stock options in the company and any payments related to his supplemental retirement package. |
The Motley Fool October 17, 2006 Rich Duprey |
UnitedHealth's CEO Weighs His Options As one of the prime beneficiaries of the backdating scandal, the insurer's CEO decides to step down. It's a nice gesture, but a little hollow at this point. |
InternetNews October 4, 2006 David Needle |
Jobs Knew of Backdating Apple Computer released results today of an investigation into the backdating of stock option grants, saying it found that CEO Steve Jobs was aware of the practice. |
The Motley Fool June 12, 2006 Anders Bylund |
Options Inquiry Weighs on Openwave A beleaguered cell-phone software maker faces lawsuits for wrongs as-yet unproven. For now, investors must wait and see what the internal and external investigations find in Openwave's books. |
InternetNews July 21, 2006 Ed Sutherland |
Former Brocade Execs Charged in Stock Scandal Brocade becomes just the latest caught in the stock options mess. Feds say the company fraud cost investors millions. |
InternetNews April 24, 2007 Michael Hickins |
SEC Charges Former Apple Attorney With Fraud SEC levies fraud charges at Apple's former general counsel and settles with its former CFO in connection with a stock options backdating scandal. |
The Motley Fool September 11, 2008 Brian Orelli |
CEO Writes a Big Check for a Big Mistake UnitedHealth's former CEO has to pay for his backdating mistakes. |
BusinessWeek July 10, 2006 |
The Ties That May Have Tied Directors' Hands Here's a snapshot of key UnitedHealth board members, their tenure, and their ties. |
The Motley Fool May 23, 2006 Philip Durell |
An Open Letter to UnitedHealth's Chairman The possibility of the backdating of stock options has cast a shadow over the company's long-term outperformance. Investors, take note. |
The Motley Fool January 18, 2008 Rich Duprey |
Backdating Scandals Enter Final Lap The sentencing of Brocade's CEO shows that the race is almost run -- and shareholders have lost. |
InternetNews September 21, 2007 David Needle |
Steve Jobs to Testify in Backdating Case Apple CEO Steve Jobs has reportedly been subpoenaed by the Securities and Exchange Commission to testify in a stock-options back-dating case against Apple's former general counsel, Nancy Heinen. |
InternetNews July 5, 2006 Clint Boulton |
Mercury Heads May Face Stock-Option Probe The SEC may pursue three Mercury Interactive directors in relation to a stock-option grant backdating scandal. |
The Motley Fool July 12, 2007 Rich Duprey |
Backdating Boredom It seems everyone from investors to the justice system is tiring of the stock options scandal. |
The Motley Fool October 23, 2006 Rich Duprey |
SafeNet Executives Without a Safety Net Top two executives at an information security firm resign over results of an options probe. |
BusinessWeek June 26, 2006 Jane Sasseen |
Another Dodgy Way To Dole Out Options Grants intentionally timed to good news are becoming the focus of greater scrutiny. |
InternetNews July 13, 2006 |
Feds Eye Bay Area Tech in Options Scandal The U.S. Attorney for the Northern District of California is looking into allegations that several Bay area companies abused the practice of timing stock options; something of a tradition in the tech industry. |
InternetNews August 23, 2006 Clint Boulton |
Sympathy For Stock Option Backdaters? Whatever you want to call the chowder pot of stock option backdating cases, it still boils down to sketchy accounting. |
CFO January 1, 2008 Alix Stuart |
Refusing to Roll Over One CFO refuses to settle with the Securities and Exchange Commission over accusations of backdating. |
The Motley Fool July 28, 2006 Anders Bylund |
SEC's Positively Foolish Option Accounting Rules New SEC rules may put a stop to backdating scandals. |
The Motley Fool January 18, 2007 Rich Duprey |
A Monster of a Problem Prosecutors scrutinize the job search site over stock-option backdating allegations. What does it mean to investors? |
The Motley Fool October 25, 2006 Rich Duprey |
Options Run Out at Comverse Greed strikes again. A financial officer at the telecom-software provider pleads guilty for his role in another backdating scandal. |
The Motley Fool June 26, 2006 Rich Duprey |
Altera Backpedals on Backdating Options backdating forces the programmable chip maker to restate 10 years of financials. Investors, beware. |
The Motley Fool January 16, 2007 Rich Duprey |
Is Backdating Really So Bad? Is repricing options really a crime, or simply a mild accounting gimmick? However, backdating stock options carries a real cost to shareholders. |
The Motley Fool August 30, 2006 Rich Duprey |
Meade Zooms In on Options The telescope maker finds stock-option errors but says they're not related to backdating scandals. When the company gets around to finally filing its revised financial statements, let's hope shareholders aren't knocked so badly that they're seeing stars. |
BusinessWeek March 5, 2007 Peter Burrows |
A Smaller Options Scandal? The campaign to lock up accused backdaters is moving slowly. Here's how a key case is playing out. |
The Motley Fool July 3, 2006 Rich Duprey |
KLA's Optional Disclosure The chip manufacturer waits for a long weekend to announce the results of an options probe. The ultimate cost to the company and the amount of restating that will have to take place will likely be significant. Investors, take note. |
InternetNews December 27, 2006 Michael Hickins |
Apple's 'Pretty Big Scheme' May Include Forgery Investigators may have found the smoking gun proving that officials at Apple willfully broke the law when they backdated option grant dates. |
InternetNews November 21, 2007 Sean Gallagher |
Judge Nixes Apple Option-Backdating Suit Apple may be closer to clearing charges stemming from its post-dating of stock options, following a federal judge's dismissal this week of a lawsuit against the company. |
BusinessWeek October 30, 2006 Peter Burrows |
In The Valley, Scars That Could Last A Long Time Not a day seems to pass without an announcement that a company has dug up options bookkeeping misdeeds and is firing top executives and restating financials. |
CFO January 10, 2007 Alix Nyberg Stuart |
Insult to Injury Already bruised by backdating scandals, companies may face an unexpected tax hit as well. |
The Motley Fool April 5, 2007 Nathan Parmelee |
Quick Take: You Mean It's Wrong to Steal? Barnes & Noble incorrectly priced its stock options, but doesn't feel too badly about it. |
BusinessWeek June 18, 2007 Dawn Kopecki |
Backdating: Why Penalties Are Puny The SEC considers options violations less serious than other kinds of financial fraud. |
BusinessWeek January 12, 2004 |
Dr. William McGuire When McGuire took over in 1991, UnitedHealth was little more than a regional health-maintenance organization. By trying to offer something for everybody and identifying lucrative niches, McGuire has turned it into one of the most diversified health-services companies. |
InternetNews August 4, 2006 Clint Boulton |
Apple Stock Option Probe Escalates Apple Computer Inc. said it may have to restate past financial results after uncovering additional accounting regularities during its internal investigation into stock option grants. |
InternetNews December 18, 2006 Clint Boulton |
Looking Back: A Scandalous Year For Tech From a pretexting scandal to backdated stock options and more, tech suffered some shameful exposure in 2006. |
The Motley Fool July 27, 2006 |
Foolish Mid-Year Review: Grabbing Investors' Attention Backdating, hedge funds, and Home Depot made up the more memorable -- and infamous -- moments of early '06. Home Depot Abdicates Responsibility by Rich Duprey... Listen, Learn, Change by Ryan Fuhrmann... etc. |
Managed Care September 2001 |
How well do for-profit plans value their executives? Last year, the highest-paid executives at 10 of the nation's largest for-profit health plans received an average compensation, including salary, bonuses, life insurance, retirement plans, and other compensation -- but not unexercised stock options -- of $11.7 million... |
The Motley Fool March 29, 2007 Nathan Parmelee |
Quick Take: Costco's CEO Makes Things Right The retailer and its management team have once again proven the company takes its duty to shareholders seriously. CEO James Sinegal returned his ill-gotten stock-option gains. |
IndustryWeek August 1, 2005 Jill Jusko |
Beefed Up Boards More diligent and accountable, today's directors are scrutinizing executive compensation like never before -- and changing the dynamic of the board-management relationship. |
Entrepreneur November 2009 |
Candid Talk About Stock Options Companies are clear: Stock options may not gain value. But employees still expect them. A burned senior VP at a big bank says just to cut her a bonus check. |
Knowledge@Wharton July 30, 2003 |
Has Sarbanes-Oxley Made a Dent in Corporate America's Armor? In the 12 months since it was signed by President Bush, the landmark Sarbanes-Oxley Act has caused U.S. companies to spend heavily on compliance, altered the culture of boardrooms and boosted the business of firms that offer ethics and compliance consulting. To what end? |
The Motley Fool October 24, 2006 Seth Jayson |
Ceradyne Cooks More Than Ceramics There was options backdating, but "no intentional misconduct?" Baloney. Shareholders deserve better. |
The Motley Fool January 3, 2007 Rich Duprey |
McAfee Orders a Recount The security software maker reprices backdated stock options. The total cost to McAfee -- and shareholders -- is currently unknown. |
The Motley Fool June 17, 2008 Rich Duprey |
Filling Hot Topic Full of Hot Lead The teen retailer decides directors need to make money on options even if shareholders can't. |
BusinessWeek April 25, 2005 Henry et al. |
The Boss on the Sidelines Auditors, directors, and lawyers are asserting their new-age power, and the reason for their defiance is no great mystery. The watchdogs are finally facing genuine liability for their failures. |
BusinessWeek January 22, 2007 Byrnes & Sasseen |
Board of Hard Knocks Activist shareholders, tougher rules, and anger over CEO pay have put directors on the hot seat. |
The Motley Fool January 17, 2007 Rich Duprey |
Digital River Bound for Rough Waters? The e-commerce outsource provider may have lurking backdating concerns. Investors, take note. |