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Erik Lie's Options Research Rocks Industry

It's not often that a mild-mannered finance professor can prompt one of the most widespread investigations into allegations of corporate wrongdoing in U.S. history. But ERIK LIE at the University of Iowa has managed to do just that. The 38-year-old professor's research into the backdating of stock options has prompted the Securities and Exchange Commission to investigate stock option granting practices at roughly 140 companies. Some executives have been dismissed and a couple has even pleaded guilty to criminal charges. In addition to working with the SEC, Prof. Lie has testified before Congress on the issue and acted as a consultant on several shareholder lawsuits. The publication is based in Bremerton, Wash., and Scripps Howard News Service also distributed the story.

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