In a first-page lead article of July 21, 2006, the Wall Street Journal reported that the SEC had brought fraud charges against a former CEO, human-resources director, and CFO of Brocade Communications Systems Inc. as a result of ongoing investigations into the back-dating of executive stock options. It was stated that more than 80 companies are […]

In a major exposé of misused executive options, the Wall Street Journal ran a front page article on July 15, 2006, entitled: “Executive Pay: The 9/11 Factor; As stocks sank after the attacks, scores of companies rushed to issue options to top officials. Some reaped millions.” Wall Street Journal research showed that: […]

According to the Wall Street Journal of July 11, 2006, Dan Curry, a managing director of Moody’s who oversees corporate finance for the Americas, said, “We think issuing debt to repurchase stock or pay dividends is not a good idea — that doesn’t strike us as conservative financial policy.” This is highly relevant to interpreting […]