News & Events

Lie Named to Time Magazine's Most Influential People List

Cover of Time Magazine University of Iowa finance professor Erik Lie has been named one of the world's most influential people by Time magazine.

The weekly newsmagazine is featuring Lie in its current (May 5) issue as part of its Time 100. The magazine's fourth annual list is a compilation of the editors' picks of the 100 most influential people in world business, education, politics, government, sports, the arts and entertainment.

Lie is included in the category of Builders & Titans, along with such business leaders as Steve Jobs, founder and CEO of Apple; Richard Branson, founder and CEO of Virgin, Inc.; Katsuaki Watanabe, president and CEO of Toyota; and Rhonda Byrne, author of "The Secret."

In the overall list, Lie is included with other notables that include Oprah Winfrey, George Clooney, Roger Federer, Tony Dungy, Nancy Pelosi, Hillary Clinton, John Roberts, Pope Benedict XVI, Al Gore, Elizabeth Edwards, Condolezza Rice, and Chien-ming Wang.

Lie was named to the list for his work in uncovering the stock options backdating scandal currently roiling corporate America. His research, first published in 2004, has since come to the attention of federal prosecutors and the Securities and Exchange Commission, who are investigating dozens of companies that may have given illegally backdated stock options to executives. Companies such as Apple Computer, Research in Motion, United Health Care, Brocade and McAfee are being investigated, and numerous executives have stepped down as a result.

The research was also used as the basis for the Wall Street Journal's series "Perfect Payday." The Journal's stories have won numerous journalism awards, including a George Polk Award, Phillip Meyer Award, a National Journalism Award from the Scripps Howard Foundation, and a Pulitzer Prize in the public interest journalism category.

The Time 100 issue will be on newsstands Friday. It is also available online at www.time.com/time.


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