The United States, Greenspan reminded graduates, was enjoying, “the greatest prosperity the world has ever experienced.” Imagine you were sitting in the audience that day, about to begin constructing your career. Would these expectations have been different if you had entered the working world just 10 years later, during the Great Recession?Young adulthood tends to be a particularly impressionable period of life.
After all, stock option backdating is all the rage these days.
As part of that action, the JFC only approved a general step wage increase for SPD attorneys of 2 percent in 2018 and another 2 percent in 2019.
This increase essentially mirrors increases that are budgeted for all state employees.
"Backdating" the option grant by 2 years in this instance allows the CEO to purchase the stock at , rather than at the current per share price, thereby locking in an automatic profit.
Option backdating is legal, provided the backdating is clearly communicated to stockholders and as long as the effect of the backdating is properly reflected in both earnings reports and tax payments.