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Sleazy CEOs have even more options tricks

Sleazy CEOs have even more options tricks

by Toby Lucich on November 14, 2006

It is never really a shock to find executives enriching themselves at shareholders’ expense. It can sometimes be surprising, though, just how clear the evidence is, and how long it takes us to notice.

Take the options-backdating scandal that has claimed such CEO scalps as that of Comverse’s (Charts) Kobi Alexander (currently fighting extradition from Namibia), UnitedHealth’s (Charts) William McGuire (ousted after 14 years of spectacular success) or KB Home’s (Charts) Bruce Karatz (who voluntarily stepped down and agreed to pay the difference for incorrectly priced grants).

Sleazy CEOs have even more options tricks

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