Jury convicts Brocade ex-CEO in options trial

TalkBack 1 of 1:

• Thread View
• Flat View

Statute of Limitations and Balmer and Gates

A sad addition to this story is that one of the first abusers of backdated stock options is Microsoft. It is their accounting firm that provided a list of clients to the feds who they knew also back dated stock options. However, because Microsoft restated its financial statements to disclose the practice, a clock may have started that owing to a statute of limitations means that Balmer and Gates may never be prosecuted.

Lets assume you are CEO of a tech company. You need talent and that talent has just been offered a job at Microsoft where he/she has learned about back dated stock options. What are you going to do? Are you not going to be enticed to match the offer, and join the club of wrong doers. Now lets say you check with you legals and accounts and they are of the opinion that if Microsoft can do it so can you.

This kind of thing happens with tax avoidance schemes as well. It does not happen in transparent organizations who do not foster a culture of silence.

Posted by: mighetto   Posted on: 08/08/07 You are currently: a Guest | Members login | Terms of Use

Alert moderator to an offensive message

Subscribe to this discussion via Email or RSS

SponsoredWhite Papers, Webcasts, and Downloads

• Building the Virtualized Enterprise with VMware Infrastructure VMware VMware virtualization software has been adopted by over 120,000 enterprise ... Download Now
• VMware Infrastructure: A Guide to Bottom-Line Benefits VMware Frustrated by the costs of maintain ever larger data centers?or building ... Download Now
• Building the Virtualized Enterprise with VMware Iinfrastructure VMware VMware virtualization software has been adopted by over 120,000 enterprise ... Download Now