Nickname: Srivathsa Dangety

Review: Whether backdating was done in Apple is up to the SEC to find out. But why should managers who have not performed still get the dough? Granting of stock options as remuneration for outperformers is a way of retaining talent within the company. But for managers it's an incentive because it's linked to the profit they generate for the company (indirectly increase stock prices). But in spite of managers not performing they still want to get the dinero. Does this not indicate a lack of transparency and integrity within the company, its board and management?

Date reviewed: Jul 5, 2006 8:54 AM

Nickname: arctangent

Review: This sounds like the plot to "The Sting," i.e. betting on the horses after the race has been run.

Date reviewed: Jun 30, 2006 6:36 PM

Nickname: TexasDad

Review: Why has the SEC been asleep at the wheel so long? These cases are already more than five years old! This is what happens when you leave the law in place, but then cut big chunks of funding out of enforcement. Congress has quietly gutted funding for agencies that are supposed to be protecting us. Instead, they are overworked and way understaffed, while congressional staffs grow bigger and bigger.

Date reviewed: Jun 30, 2006 3:32 PM