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News and InformationNews and InformationMay 25, 2007 CalPERS Withholds Votes for Corporate Board Members Over Stock Option BackdatingSource: CalPERS SACRAMENTO, CA – The California Public Employees’ Retirement System (CalPERS) today announced it is opposing the re-election of four more directors to the boards of companies named in the backdating of employee stock options. February 15, 2007 SEC Charges Former General Counsel of Monster Worldwide, Inc. for Backdating OptionsSource: US Securities and Exchange Commission Washington, D.C. - The Securities and Exchange Commission today charged Myron F. Olesnyckyj, the former General Counsel of Monster Worldwide, Inc. with securities fraud for participating in a multi-year scheme to secretly February 14, 2007 SEC Announces $6.3 Million Settlement With Former Take-Two Interactive Software, Inc. CEO in Stock Option Backdating SchemeSource: Securities and Exchange Commission New York County District Attorney's Office Announces Separate Criminal Plea Agreement January 12, 2007 Study Links Options Backdating to Corporate Governance WeaknessesSource: Bill Baue in SocialFunds Harvard Professor Lucian Bebchuk and colleagues use a new method of identifying CEO and outside director manipulation of stock option timing and assert correlations to governance problems.
January 10, 2007 SEC Settles Options Backdating Case Against William Sorin, Former General Counsel of Comverse Technology, Inc.; Relief Includes Officer-and-Director Bar and Over $3 Million in Civil Penalties, Disgorgement, and Prejudgment InterestSource: SEC Washington, D.C.- The Securities and Exchange Commission today settled civil fraud charges against the former General Counsel of Comverse Technology, Inc., William F. Sorin, under an agreement which provides for the payment of... October 15, 2006 UnitedHealth Group Board Announces Series of ActionsSource: UnitedHealth Group Minneapolis, Minn.– The Special Review Committee of the Board of Directors of UnitedHealth Group (NYSE: UNH) and its independent counsel, Wilmer Cutler Pickering Hale and Dorr, have completed a review and report of UnitedHealth... Displaying results 31 to 36 out of 36 |
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