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Professors Found Options Grants Were Backdated

Recent high-profile Securities and Exchange Commission cases involving the backdating of stock options were set off by academic researchers examining corporate data. Professors at the UNIVERSITY OF IOWA and Indiana University spent months poring over data from SEC documents and found that many options grants were timed to exploit marketwide price depressions that not even insiders could predict, indicating that at least some of the grants must have been backdated. As a result, hundreds of companies were investigated by the SEC or conducted their own internal inquiries. The CIO TODAY Network provides technology's top decision-makers with the inside track on strategies for purchasing enterprise hardware and software systems. CIO Today, based in Woodland Hills, Calif., provides daily news needs for and about Chief Information Officers and other C-level executives interested in business technology.

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