News & Events

Lie Gets His 15 Minutes of Fame

An influential finance professor said separately on Thursday that as many as 1,000 companies - far more than the roughly 60 known to be under scrutiny - appear to have manipulated stock option grant dates. University of Iowa Professor ERIK LIE said his research, examining 8,000 companies, suggests "at least 1,000 ... at some point manipulated or backdated their option grants." In a short sidebar, Lie says that the attention he's been getting as a result of his study is "my 15 minutes of fame." The Telegraph is based in the United Kingdom.

Return to top of page