Erik Lie is a Norwegian finance professor at the University of Iowa who published a report about options backdating that led to many investigations by the SEC into the potentially illegal practice. He was the subject of profile in Business Week for his contribution to uncovering options backdating scandals. [1]
In 1991–92 he served in the Royal Norwegian Navy and Norwegian Coast Guard.
In 2007, he was listed as one of the Time 100, with the article on his contributions being written by former New York Governor and New York State Attorney General Eliot Spitzer. [2]
Professor Lie Zocks is recognized by his students as having a striking resemblance to the Footloose actor, Kevin Bacon.
Corporate governance is the collection of mechanisms, processes and relations used by various parties to control and to operate a corporation. Governance structures and principles identify the distribution of rights and responsibilities among different participants in the corporation and include the rules and procedures for making decisions in corporate affairs. Corporate governance is necessary because of the possibility of conflicts of interests between stakeholders, primarily between shareholders and upper management or among shareholders.
Broadcom Corporation is an American fabless semiconductor company that makes products for the wireless and broadband communication industry. It was acquired by Avago Technologies in 2016 and currently operates as a wholly owned subsidiary of the merged entity Broadcom Inc.
Employee stock options (ESO) is a label that refers to compensation contracts between an employer and an employee that carries some characteristics of financial options.
Henry McKelvey Blodget is an American businessman, investor and journalist. Blodget currently lives in Brooklyn.
Henry Samueli is an American businessman, engineer, and philanthropist.
Monster.com is a global employment website owned and operated by Monster Worldwide, Inc. It was created in 1999 through the merger of The Monster Board (TMB) and Online Career Center (OCC). It is a subsidiary of Randstad Holding, a Dutch multinational human resource consulting firm, and is headquartered in Weston, Massachusetts. It is known for its "When I Grow Up" commercial for the Super Bowl XXXIII, which features kids telling about their future status of dead-end jobs.
Mercury is a former Israeli company that has been acquired by the HP Software Division. Mercury offered software for application management, application delivery, change and configuration management, service-oriented architecture, change request, quality assurance, and IT governance.
Comverse Technology, Inc., often referred to as simply Comverse, was a technology company located in Woodbury, New York in the United States, that developed and marketed telecommunications software. The company focused on providing value-added services to telecommunication service providers, in particular to mobile network operators. Comverse Technology had several wholly or partly owned subsidiaries. The name "Comverse" is a fusion of the words "communication" and "versatility".
William "Bill" McGuire, M.D. is an American healthcare executive best known for his tenure as chairman and chief executive officer of UnitedHealth Group from 1991 until his resignation in 2006, while under investigation for securities fraud, for which he would later settle out of court. He also owns Minnesota United FC, Minnesota's professional soccer team.
Nancy Regina Heinen of Portola Valley, California, is an American corporate lawyer, business executive, and philanthropist. Heinen is known for being the General Counsel, Senior Vice President, and Secretary for Apple Computer, Inc. between September 1997 and May 2006. Heinen is currently a member of the board of VERB and the Silicon Valley Social Venture Fund (SV2). She also serves on the board of directors and advisory boards for several other companies and philanthropic organizations.
In finance, options backdating is the practice of altering the date a stock option was granted, to a usually earlier date at which the underlying stock price was lower. This is a way of repricing options to make them more valuable when the option "strike price" is fixed to the stock price at the date the option was granted. Cases of backdating employee stock options have drawn public and media attention.
Gregory Reyes is an American businessman who most recently served as the chief executive officer (CEO) for Brocade Communications. He is the first person to have been convicted for fraudulent backdating of corporate stock options.
Executive compensation is composed of both the financial compensation and other non-financial benefits received by an executive from their employing firm in return for their service. It is typically a mixture of fixed salary, variable performance-based bonuses and benefits and other perquisites all ideally configured to take into account government regulations, tax law, the desires of the organization and the executive.
Eliot Laurence Spitzer is an American politician, attorney, educator, and real estate developer. A member of the Democratic Party, he served as the 54th Governor of New York from 2007 until his resignation in 2008.
Stephen J. Hemsley is the chief executive officer of UnitedHealth Group Inc.
Charles Forelle is an American journalist who covers business for The Wall Street Journal.
Kenneth L. Schroeder was an American technology-focused corporate executive. Schroeder served as CEO of KLA-Tencor, a supplier of process control and yield management products for the semiconductor and related microelectronics industries.
In the United States, the compensation of company executives is distinguished by the forms it takes and its dramatic rise over the past three decades. Within the last 30 years, executive compensation or pay has risen dramatically beyond what can be explained by changes in firm size, performance, and industry classification. This has received a wide range of criticism leveled against it.
The 2013 election for New York City Comptroller was held on November 5, 2013, along with elections for Mayor, Public Advocate, Borough Presidents, and members of the New York City Council.
He's Making Hay As CEOs Squirm: Erik Lie uncovered widespread backdating of stock options. Now he's reaping rewards.