Monday, June 12, 2006

Yet more options backdating allegations

The Wall Street Journal today has another in its series of articles on suspicious option grants. Today they profile Monster Worldwide, the web-based job listing service, and online educator Apollo Group, with a mention to Michaels Stores, which has initiated a review of its option grants.

The blacklist so far numbers forty-eight companies, including:

Comverse Technology
Boston Communications Group
Meade Instruments
UnitedHealth
Juniper Networks
Sycamore Networks
etc., etc.

What we need now is a list of companies which didn't engage in this practice. At this rate, it'll be a short list. Anyone?

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