Linked by Thom Holwerda on Wed 28th Oct 2009 14:09 UTC, submitted by Cytor

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RE[6]: Comment by kaiwai
by kristoph on Thu 29th Oct 2009 08:06
in reply to "RE[5]: Comment by kaiwai"
RE[7]: Comment by kaiwai
by tomcat on Thu 29th Oct 2009 16:56
in reply to "RE[6]: Comment by kaiwai"
Bzzt. It's actually not illegal (or sleazy or whatever) to backdate stock options. It's just a disclosure issue. When properly disclosed backdated stock options are now treated as discounted stock options by the IRS.
No duh. Apple didn't disclose. Hence, the illegality.
What this has to do with Psystar is beyond me though.
You might want to try reading the thread.
Member since:
2006-01-06
Snideness ignored. Um, yeah, I do. It means pushing back the date that options were issued in order to get a more attractive option grant price. It's also illegal.