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Centimillionaire Income CEOs
Page entitled :
CEOs and option backdating
Content of this page is about :
How the change of US GAAP treatment of stock options rendered option
backdating a criminal offense; and introducing Charles B. Wang, the founder
of Computer Associates.
Extract :
... was effectively considered as an overstatement of income and thus an
accounting fraud.
Over 130 large US
corporations are concerned, but option backdating scandals so far led to
charges against only a handful of American CEOs, including Bruce Karatz (KB
Home), and William Wayne McGuire (UnitedHealth Group), the only CEO with ...
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