LEADER 01765nam 2200553Ia 450 001 9910455127403321 005 20200520144314.0 010 $a1-280-21156-3 010 $a9786610211562 010 $a0-309-58466-3 010 $a0-585-02545-2 035 $a(CKB)111004366661670 035 $a(SSID)ssj0000096440 035 $a(PQKBManifestationID)11114390 035 $a(PQKBTitleCode)TC0000096440 035 $a(PQKBWorkID)10081437 035 $a(PQKB)10729085 035 $a(MiAaPQ)EBC3376298 035 $a(Au-PeEL)EBL3376298 035 $a(CaPaEBR)ebr10055389 035 $a(CaONFJC)MIL21156 035 $a(OCoLC)923262697 035 $a(EXLCZ)99111004366661670 100 $a19921218d1993 uy 0 101 0 $aeng 135 $aurcn||||||||| 181 $ctxt 182 $cc 183 $acr 200 10$aAccess to health care in America$b[electronic resource] /$fCommittee on Monitoring Access to Personal Health Care Services, Institute of Medicine ; Michael Millman, editor 210 $aWashington, D.C. $cNational Academy Press$d1993 215 $ax, 229 p. $cill 300 $aBibliographic Level Mode of Issuance: Monograph 311 $a0-309-04742-0 320 $aIncludes bibliographical references and index. 606 $aHealth services accessibility$zUnited States$xEvaluation 606 $aMedical care$zUnited States 608 $aElectronic books. 615 0$aHealth services accessibility$xEvaluation. 615 0$aMedical care 676 $a362.1/0973 701 $aMillman$b Michael L$0866947 801 0$bMiAaPQ 801 1$bMiAaPQ 801 2$bMiAaPQ 906 $aBOOK 912 $a9910455127403321 996 $aAccess to health care in America$91935122 997 $aUNINA LEADER 05834nam 2200601 a 450 001 9910958979403321 005 20251117070141.0 010 $a1-61324-210-7 035 $a(CKB)2670000000094824 035 $a(EBL)3019299 035 $a(SSID)ssj0000521049 035 $a(PQKBManifestationID)12205079 035 $a(PQKBTitleCode)TC0000521049 035 $a(PQKBWorkID)10517407 035 $a(PQKB)11343862 035 $a(MiAaPQ)EBC3019299 035 $a(Au-PeEL)EBL3019299 035 $a(CaPaEBR)ebr10670864 035 $a(OCoLC)730517869 035 $a(BIP)27528541 035 $a(EXLCZ)992670000000094824 100 $a20090928d2010 uy 0 101 0 $aeng 135 $aur|n|---||||| 181 $ctxt 182 $cc 183 $acr 200 00$aBackdating of stock options /$fBernard T. Weinstein, editor 205 $a1st ed. 210 $aNew York $cNova Science Publishers$dc2010 215 $a1 online resource (108 p.) 225 1 $aBusiness economics in a rapidly-changing world series 300 $aDescription based upon print version of record. 311 08$a1-60741-984-X 320 $aIncludes bibliographical references and index. 327 $aIntro -- BACKDATING OF STOCK OPTIONS -- BACKDATING OF STOCK OPTIONS -- CONTENTS -- PREFACE -- Chapter 1 STOCK OPTIONS: THE BACKDATING ISSUES -- SUMMARY -- INTRODUCTION -- ILLUSTRATION OF UNDISCLOSED BACKDATING -- TYPES OF STOCK OPTIONS -- Nonqualified Stock Options -- Qualified Stock Options -- GROWTH OF STOCK OPTIONS IN THE 1990S -- The Omnibus Budget Reconciliation Act of 1993 -- Higher Marginal Individual Income Tax Rates -- Excessive Remuneration"- Section 162(m) -- The Stock Market Boom of the 1990s -- Cost Accounting Rules for Certain Stock Options -- THE EXTENT OF TIMING MANIPULATION OF OPTIONS -- THE POTENTIAL COSTS OF BACKDATING -- Costs to Shareholders -- Costs from Earnings Hits -- Costs of Reduced Executive Performance -- Costs from Delistings -- Costs from the Actions of Bondholders -- Costs of Additional Taxes -- Costs of Probes, Fines, and Lawsuits -- Employees -- Bondholders -- Taxpayers -- KEY LEGISLATIVE AND REGULATORY DEVELOPMENTS -- Sarbanes-Oxley Act: Stock Option Disclosure Reforms -- SEC's 2003 Requirement of Approval of Compensation Plans -- American Jobs Creation Act of 2004 (Section 409A) -- FASB Rule for Expensing Stock Options -- SEC's 2006 Executive Compensation Disclosure Rules -- GATEKEEPERS -- Corporate Boards and Compensation Committees -- Utside Auditors -- Securities and Exchange Commission -- Late Filings -- The Question of the SEC's Alertness to Misconduct -- POTENTIAL POLICY OPTIONS -- Improve Enforcement of Timely Filing of Option Awards -- Require Same Day Filing of Option Grants -- Require Scheduling of Grants of Executive Stock Options -- Ban Equity-based Pay for Top Attorneys and Board Members -- Increase Shareholder Roles in the Election of Board Members -- Eliminate the Cap on Deduction for Executive Pay -- APPENDIX A. OTHER FORMS OF TIMING MANIPULATION -- APPENDIX B. QUALIFIED STOCK OPTIONS. 327 $aIncentive Stock Options -- Employee Stock Purchase Plans -- APPENDIX C. LITERATURE ABOUT BACKDATING -- Academic Studies -- Erik Lie -- Heron and Lie (article) -- Heron and Lie (working paper) -- Narayanan and Seyhum -- Narayanan, Schipani, and Seyhun -- Bebchuk, Grinstein, and Peyer (Lucky CEOs) -- Bebchuk, Grinstein, and Peyer (Lucky Directors) -- Bernile, Jarrell, and Mulcahey -- Wall Street Journal Articles -- APPENDIX D. LITERATURE ABOUT OTHER TYPES OF TIMING MANIPULATION -- Yermack (Spring-Loading) -- Chauvin and Shenoy (Manipulation of Information Flow) -- Aboody and Kasznik (Manipulation of Information Flow) -- Callaghan, Saly, and Subramaniam (Timing of Repricing) -- End Notes -- Chapter 2 OPTIONS BACKDATING: THE ENFORCEMENT PERSPECTIVE -- End Notes -- Chapter 3 STOCK OPTIONS BACKDATING HEARING-COX TESTIMONY -- Chapter 4 STOCK OPTIONS BACKDATING HEARING- LIE TESTIMONY -- BACKGROUND ON STOCK OPTIONS AND STOCK OPTION GRANTS -- RESEARCH ON OPTION GRANT TIMING -- IS OPTION GRANT TIMING ILLEGAL? -- CONCLUSION -- Chapter 5 STOCK OPTIONS BACKDATING HEARING- OLSON TESTIMONY -- I. STOCK OPTION GRANTING PRACTICES HAVE RAISED CONCERNS ABOUT COMPANIES' ACCOUNTING FOR AND DISCLOSURE OF COMPENSATION COSTS -- A. Employee Stock Options Can Be a Useful Tool, but Concerns Have Arisen Whether Companies Have Properly Disclosed Their True Costs -- B. Changes in Regulatory Requirements Appear to Have Reduced the Incidence of Suspiciously-timed Option Grants -- II. THE PCAOB HAS ALERTED AUDITORS TO USE JUDGMENT IN CONSIDERING ISSUES RELATING TO STOCK OPTION GRANTING PRACTICES IN THEIR AUDITS -- End Notes -- Chapter 6 STOCK OPTIONS BACKDATING HEARING-READ TESTIMONY -- Chapter 7 STOCK OPTIONS BACKDATING HEARING-SCHACT TESTIMONY -- INTRODUCTION -- THE CFA CENTRE PERSPECTIVE: OPTIONS BACKDATING -- ACCOUNTING AND AUDITING PRACTICE - WHAT HAPPENED?. 327 $aLINGERING CONCERNS -- CONCLUSION -- INDEX -- Blank Page. 330 $aThis text highlights the issue of backdating of stock options and its ramifications. Employee stock options are contracts giving employees the right to buy the company's common stock at a specified exercise price, at a specified time or during a specified period, and after a specified vesting period. 410 0$aBusiness economics in a rapidly-changing world series. 606 $aSecurities fraud$zUnited States 606 $aStock options$zUnited States 615 0$aSecurities fraud 615 0$aStock options 676 $a364.16/8 701 $aWeinstein$b Bernard T$0127139 801 0$bMiAaPQ 801 1$bMiAaPQ 801 2$bMiAaPQ 906 $aBOOK 912 $a9910958979403321 996 $aBackdating of stock options$94468006 997 $aUNINA