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Tech agenda could face backlash over backdating

Tech agenda could face backlash over backdating

by Rick Turoczy on June 19, 2006

Just when Silicon Valley looks to be flexing some serious muscle in Washington, D.C., the stock-options backdating scandal comes along and threatens to blow up the technology industry’s lobbying agenda.

One of the first casualties could be much-needed relief for small companies burdened with heavy accounting costs imposed by the Sarbanes-Oxley law. This is the same law enacted four years ago after the highly publicized collapse of Enron, aimed at stopping CEO-enrichment scams.

Other tech issues could get cold-shouldered inside the Beltway should the backdating scandal, which now involves 21 companies in the valley and about 50 nationwide, keep growing.

Tech agenda could face backlash over backdating

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