Tuesday, November 21, 2006

AN EXAMPLE OF STOCK OPTIONS SCANDAL

I've intentionally avoided posting about the stock options dating scandal that has erupted due to the difficulty of explaining it properly in a short post. I'm still not able to explain it in a short post, but if you check out the USA Today links below, you will see an example of how executives at a medical device company made a questionable $50 million with oddly-timed stock options.

USA Today Special Report - Pay special attention to the interactive chart at the top of the article.
USA Today Article - Details how a former U.S. congressman and current Cyberonics board chairman received below-market stock options three years before joining the board. This smacks of scandal, on top of the scandal the company has recently been through.

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