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Ethics Article Review 4

Ethics article review

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Title: Ethics article review

Essay Details:

Subject: Business

Author: Alejandro H

Date: June 23, 2016

Level:

Grade: A

Length: 3 / 786

Essay text:

CEO William McGuire. Mr. McGuire resigned his position as CEO and chairman of the board after an independent report found that the company had been backdating stock options as part of executive compensation packages. The independent study that was released indicated the millions of dollars of stock options had likely been backdated. Back dating of stock options has in the past been done to set the date of the stock when the stocks are at their lowest. This provides higher gains to the executives that receive the stocks as part of their executive compensation. This can result in millions of extra dollars of income to the executives...

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