2016 options backdating scandal

Posted by / 13-Feb-2020 02:43

2016 options backdating scandal

United Health, for example, will have to restate past earnings by as much as

United Health, for example, will have to restate past earnings by as much as $1.7 billion.Apple's restatement will knock $84 million off earnings.Outright fraud should be dealt with harshly, while other cases, done in plain sight, but out of supposed ignorance, might deserve more of a financial slap on the wrist.For example, Microsoft's backdating was done as a matter of company policy with new hires; options were granted at the date of the lowest price of the month.If it were done with any other line item on a financial report, it'd be exposed as sheer accounting fraud.We should definitely consider the lengths to which a company or an executive went to conceal backdating efforts when meting out punishment.

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United Health, for example, will have to restate past earnings by as much as $1.7 billion.

Apple's restatement will knock $84 million off earnings.

Outright fraud should be dealt with harshly, while other cases, done in plain sight, but out of supposed ignorance, might deserve more of a financial slap on the wrist.

.7 billion.Apple's restatement will knock million off earnings.Outright fraud should be dealt with harshly, while other cases, done in plain sight, but out of supposed ignorance, might deserve more of a financial slap on the wrist.For example, Microsoft's backdating was done as a matter of company policy with new hires; options were granted at the date of the lowest price of the month.If it were done with any other line item on a financial report, it'd be exposed as sheer accounting fraud.We should definitely consider the lengths to which a company or an executive went to conceal backdating efforts when meting out punishment.

His coverage reflects his passion for motorcycles, booze, and guns (though typically not all exercised at the same time), but his writing also covers the broader sectors of consumer goods, technology, and industrials.Rich has been a Fool since 1998 and writing for the site since 2004.After 20 years of patrolling the mean streets of suburbia, he hung up his badge and gun to take up a pen full time.The practice was entirely spelled out, and nothing was hidden or done money"; for that, they do not have to record an expense.That's why we're seeing so many companies having to restate their financial reports.

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-- when they would not allow the same defense for attempts to misreport inventories or receivables.

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