I SEE DEAD PEOPLE….If you haven’t been following the options backdating scandal, I won’t bore you with the details right now. Basically ? and I know you’ll be shocked to hear this ? it’s a way for rich executives to make each other even richer by granting stock options that are dated in the past and therefore almost guaranteed to increase in value.
This is all bad enough, but backdating stock options to a dead guy? Is there anything too revolting for these guys to do in pursuit of another buck? And they wonder why us liberals think they need an occasional watchful eye?
