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Strategies & Market Trends : Option Granting Practices and exploits
AAPL 269.03+0.1%Oct 28 3:59 PM EDT

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To: Glenn Petersen who wrote (150)9/18/2007 1:02:15 AM
From: Lizzie Tudor   of 165
 
no Glenn, its because nobody actually lost money due to stock options backdating. Enron bankrupted huge numbers of people. Options backdating has a negligible affect on share price if at all. Tell Apple shareholders they have been damaged by stock options backdating, particularly since Jobs/Apple are one of the most egregious backdaters with 20% of their outstanding options. Not much resonance there. there hasn't been a single company whose share price was irreparably damaged due to options backdating. What hurts the stocks is the threat of delisting but once the options are filed, the world goes on. thats the issue. the other problem is all the top guys like Jobs are knee deep in this. Its all fine to hem and haw and attack some peeon at KLA but the government and investors are not willing to lock up Jobs or gates over this and they are who is guilty. that leaves these little scapegoats.
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