The options backdating
The company also provides Ethernet media access controllers that offer addressing and channel control mechanisms and are used in enterprise class modular Ethernet switch platforms, as well as in Ethernet-over-SONET/SDH and Ethernet-over-OTN systems used in access, metro, and long-haul carrier networking systems; Ethernet transceivers, including single, quad, and octal devices that allow the transmission of 10/100/1000 BASE-T data over category 5 copper cable and fiber optic cabling for use in personal computers, home electronics, and LAN applications; and Ethernet transceivers with packet timing and synchronization capabilities.
In addition, it provides a line of connectivity products, which comprise mixed-signal physical media devices, physical layer devices, crosspoint switches, and signal integrity devices that are used for the connection of systems via optical fiber, copper cable, or backplanes.
If the company sets the prices of the options grant well below the market price, they will instantaneously generate an expense, which counts against income.
The backdating concern occurs when the company does not disclose the facts behind the dating of the option.
Do you ever wish that you could turn back the hands of time?
Some executives have, well, at least when it comes to their stock options.
(Stock Exchange) commerce the right to buy (call option) or sell (put option) a fixed quantity of a commodity, security, foreign exchange, etc, at a fixed price at a specified date in the future.
See also traded optionballoting, vote, voting, ballot - a choice that is made by counting the number of people in favor of each alternative; "there were only 17 votes in favor of the motion"; "they allowed just one vote per person"The consequence of this is, that though in theory their resolutions concerning those objects are laws, constitutionally binding on the members of the Union, yet in practice they are mere recommendations which the States observe or disregard at their Hence, the number of representatives in the two cases not being in proportion to that of the two constituents, and being proportionally greater in the small republic, it follows that, if the proportion of fit characters be not less in the large than in the small republic, the former will present a greater I thought it would have been so pleasant to have looked out upon a garden planted with flowers and trees, so amusing to have watched the demoiselles at their play; to have studied female character in a variety of phases, myself the while sheltered from view by a modest muslin curtain, whereas, owing doubtless to the absurd scruples of some old duenna of a directress, I had now only the to concoct a liquid that should prolong life for years, perhaps interminably; but that it would produce a discord in Nature which all the world, and chiefly the quaffer of the immortal nostrum, would find cause to curse.
Moreover, even if VCs shared my risk function, because VCs hold a diversified portfolio of investments, the same options would be worth more to them than they are to me because they can diversify away downside risk much more effectively than I can."I have lost my reputation, my livelihood, my name and the trust of my fellow man. I've embarrassed and humiliated my wife and my family, and I've caused a lot of pain and embarrassment to my profession. You don't have to tell me, I know."Defense attorney Joseph Cheshire said Crouch had become arrogant and took on too many cases, took shortcuts and made serious mistakes."James Crouch would come into this courtroom and act like he was the man," Cheshire said. He took way too many cases because that was his way to prove that he was the man when, in, fact, he wasn't." Witnesses testified during the two-day sentencing hearing this week that many of Crouch's clients in the questionable cases paid him an extra 0 to change the date of their DWI conviction using a legal action to correct clerical errors called a "nunc pro tunc" order and that former District Judge Kristin Ruth unknowingly signed off on the orders.