News & Events

Lie, Not SOX, Discovered Backdating

A columnist says that the Sarbanes-Oxley (SOX) law that requires stricter accounting reporting is costing business money and does no good, anyway, because the market is better at ferreting out corporate lawbreakers than laws. For example, it was University of Iowa professor ERIK LIE who recently discovered the backdating of stock options by certain companies, not SOX. The Daily Herald is based in Tennessee.

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