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Politics : American Presidential Politics and foreign affairs -- Ignore unavailable to you. Want to Upgrade?

To: TimF who wrote (39692)	12/16/2009 9:44:36 PM
From: Peter Dierks	Respond to of 71588

Backdating was a common excess of the Internet Bubble. Many if not most startups and recently IPO'd companies practiced it to varying degrees. It was a guaranteed bonus that didn't show up in PE. I maintain now as I did then that it was theft from stockholders. I don't care if everybody did it, giving people stock appreciation they did not earn is wrong. Repricing after declines is different. I don't like it either, but it is not as clearly wrong. I am not as conversant with chapter and verse of FASB, SFAS et al as I was a decade ago.