In the mids, an investigation by the Securities and Exchange Commission resulted in the resignations of more than 50 senior executives and CEOs at firms across the spectrum from restaurant chains and recruiters to home builders and healthcare. What was it all about? Options backdating. Read on to find out how the scandal emerged, what brought it to an end, and what you can learn from it now. The roots of the scandal date back to , when an accounting rule was put in place permitting companies to avoid recording executive compensation as an expense on their income statements so long as the income was in the form of stock options that were granted at a rate equal to the market price on the day of the grant, often referred to as an at-the-money grant. Although this practice gave the senior executives significant stock holdings, since the grant was issued at the money, the share price had to appreciate before the executives would actually earn a profit.
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Bank job that opened the door on a royal sex scandal - Mirror Online
After seven seasons of twists, turns, and red wine, Scandal is coming to an end. The first episode of the show's farewell season is tonight, and we're sure you're feeling a lot of things. On the one hand, it's devastating: The show, to put it simply, is revolutionary. It boasts one of the most diverse casts in entertainment and is anchored by a woman of color, Kerry Washington, who became a star and household name as political maestro Olivia Pope. But on the other, it might be time for this franchise to end. Let's be honest: It's gotten pretty ridiculous. The plot points, at this stage, are so far-fetched that fans have just surrendered to the madness.
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The following information will serve as transparent evidence of scandals that have rocked Eli Soriano and his Ang Dating Daan cult. As normal for all religious cult leaders, Soriano has faced his share of scandals ranging from homosexual rape, tax evasion charges and lawsuits for hate speech and he is currently on the run over some of these charges. Eli Soriano charged with falsification of public document-Philippine Daily Inquirer. Eli Soriano posts bail over rape charges-Philippine Daily Inquirer.
Fox News Flash top headlines for July 19 are here. Check out what's clicking on Foxnews. Paul Hollywood was recently granted a quickie divorce from his estranged wife Alexandra on grounds of adultery today - as his new girlfriend rubbed salt in the wound. The husband and wife reconciled a few months later and at the time he described the affair as "the biggest mistake of my life" in an interview with BBC Radio 5 live.