Corporate
Mar. 14, 2007
Bad Timing
Focus Column - By Megan McIntyre - Delaware courts have been weighing in on stock-option backdating, and it doesn't look pretty for executives.
By Megan McIntyre
As companies continue to report improper behavior in awarding stock options, a pair of recent Delaware Chancery Court rulings by presiding Chancellor William Chandler points the way for shareholders to hold directors responsible for improper option awards, and to recover benefits unlawfully paid to management through such awards.
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