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Politics : FREE AMERICA
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To: Proud_Infidel who wrote (8301)6/18/2006 9:00:13 AM
From: JDN   of 14758
 
I'm on the Board of a bank. We approved stock options (in the minutes) back in October but still havent gotten around to actually ISSUING the paperwork. I wonder if that would be considered backdating?? The reason for all of this is that effective 1/1/06 the ACCOUNTING treatment for issuing stock options has changed. I imagin many companies issued them prior to that date to escape the change. jdn
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