News & Events

Lie's Stock Option Study Cited

Fortune magazine editor-at-large Justin Fox was a guest on the "In the Money" program. Fox has been writing about the stock options backdating scandal and how it was uncovered. He noted that finance professors "troll around in the data looking for interesting patterns, and they found this interesting pattern. For about 10 years they didn't know quite what to make of it, but then in the last couple of years they figured, hey, maybe CEOS are lying about when they got their stock options. And then immediately they called the SEC. (They) sent their papers to the SEC, (including) this one professor, ERIC LIE, at the University of Iowa, and the SEC got cracking as soon as they got Eric's paper."

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