News & Events

26 Fired In Scandal Uncovered By Lie

Nationwide, an estimated 14 percent of all option grants between 1996 and 2005 were backdated, according to University of Iowa finance professor ERIK LIE. So far, at least 26 senior executives have been fired, suspended or forced to resign from the nearly 150 companies that have reported internal or government investigations, according to human resources consulting firm Challenger Gray & Christmas. Article is available only to subscribers of Crain's.


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