The biggest reason a coporation wouldn\’t report backdating of stock options is they don\’t want the public backlash. However, ridiculously over-inflated salaries and golden parachute contracts are a far bigger problem for corporations. The two often go hand in hand.
I don\’t agree with either and since we live in a Capitalist society we can withhold our business as we see fit.
I wonder how many of thecompanies now under investigation have \’Codes of Conduct\’. My guess is most posted \’Code of Conduct\’ for their employees outlining required ethical behaviour. Based on the large number of corporate fraud cases under investigation these \’Codes of Conduct\’ are mostly illusionary. Corporate fraud underminses our allegedly \’free market\’ and capitalistic system. No one likes so called government intrusion or regulation of preivate enterprise but self regulation has failed too often. Unfortunately because business fails or is too slow to regulate itself the government needs to remain vigilant and enforce the regulations that are now on the books.
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The biggest reason a coporation wouldn\’t report backdating of stock options is they don\’t want the public backlash. However, ridiculously over-inflated salaries and golden parachute contracts are a far bigger problem for corporations. The two often go hand in hand.
I don\’t agree with either and since we live in a Capitalist society we can withhold our business as we see fit.
I wonder how many of thecompanies now under investigation have \’Codes of Conduct\’. My guess is most posted \’Code of Conduct\’ for their employees outlining required ethical behaviour. Based on the large number of corporate fraud cases under investigation these \’Codes of Conduct\’ are mostly illusionary. Corporate fraud underminses our allegedly \’free market\’ and capitalistic system. No one likes so called government intrusion or regulation of preivate enterprise but self regulation has failed too often. Unfortunately because business fails or is too slow to regulate itself the government needs to remain vigilant and enforce the regulations that are now on the books.