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Lie Studied Options Backdating

Silicon Image, which develops chips and creates standards for digital content delivery in consumer electronics, is one of nine companies specified by shareholder advisory firm Glass Lewis in a report Monday on companies that filed late paperwork on grants given to executives. Tougher laws were put in place as a result of Sarbanes-Oxley legislation in 2002 that requires companies to report stock-option grants within two days of issuing them. Glass Lewis said it reviewed hundreds of thousands of insider transactions from January 2004 to June 2006 for its report. Its report echoes research by other academics on the topic, including ERIK LIE, a finance professor at the University of Iowa who wrote one of the first reports on stock-option backdating. The newspaper is based in California.

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