Errors and Omissions

WSJ law blog brings up Jenkins' option backdating column for discussion

Here's the WSJ Law Blog's post, on Mr. Jenkins' assertion that the options backdating scandal is much ado about nothing. Interestingly, the writer of the blog, an attorney, takes no position on the merits of Mr. Jenkins' position, especially concerning whether the grants violated the law.

By the way, here's an example of Mr. Jenkins' doubletalk as he tries to rationalize the issue:

The one lesson that should be reinforced is that overseeing CEO incentives is among the most important board responsibilities, and boards should keep control of it and do it clearheadedly. Yet there is nothing categorically corrupt or improper about backdating to justify a conclusion that the boards here weren't doing just that.

Huh?

Wall Street Journal, options

posted by Unknown @ 6/21/2006 03:44:00 PM