Integrity. Innovation. Impact.


Erik Lie

Erik Lie

Professor of Finance
Henry B. Tippie Research Professor

Degree

Ph.D. in Finance, Purdue University, 1996
MBA, University of Oregon, 1991
B.S., University of Oregon, 1990


Integrity is alive and thriving at Tippie. One gleaming example is visible in the work of Professor Erik Lie.

Lie was named to Time magazine's most influential list for his research sparking investigations and corporate scandal. His natural curiosity fostered the research indicating that hundreds of companies were manipulating stock option accounting rules by backdating option grants in order to foster greater gains for top executives.

Further research by Lie and Associate Professor Randall Heron at Indiana University revealed that 29% of all public corporations were violating federal law. As a result, several executives faced criminal charges and federal investigations.

Lie delivered his findings to the Securities and Exchange Commission. Executives faced criminal indictments for alleged backdating, more than 100 companies face civil charges and shareholder suits, while investigations continue into hundreds more companies.

His backdating discovery spawned national attention finding Lie in demand and the press phoning him frequently for interviews and television appearances.

"I believe that only a minority of firms that have engaged in backdating of option grants will be caught. In other words, we will never see the full iceberg."

Lie, along with many other faculty at Tippie, exhibit integrity and influence our business students every day. Their inspirations help to shape the world's remarkable business leaders of tomorrow.

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