Apple and the options backdating scandal of the past decade Telugu sex chating free sites

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No one's pay was "inflated" by backdating, unless you assume that the alternative would have been awarding executives exactly the same number of options at less-advantageous prices.

Which, of course, you shouldn't assume since any sensible employee can see that if his each stock option is worth less, he should get more of them.

apple and the options backdating scandal of the past decade-24

Smart but directionless, Jobs experimented with different pursuits before starting Apple Computer with Steve Wozniak in 1976.The reason for doing this was simple: stock options priced at or above where the stock is trading (aka, "out of the money" options) get favorable tax treatment compared to stock awards priced below the market price (aka, "in the money" options).It was a tax advantaged way for companies to pay executives. Shareholders were correctly told the number of options granted and the price of the options.The academics concluded that something funny was going on.The companies were awarding the options later but then marking the awards to earlier dates, when the stock's price was low.

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