(Reuters) - According to the complaint, employees and directors
received about $20 million in unauthorized and undisclosed
compensation as a result of backdating. Of that, $16 million
was received by top executives and directors.
The SEC alleged that from 1997 to 2002, Shanahan and his
son approved the issuance of backdated stock options that
coincided with historically low closing prices of the company's
stock.
Read more at Reuters.com Government Filings News
received about $20 million in unauthorized and undisclosed
compensation as a result of backdating. Of that, $16 million
was received by top executives and directors.
The SEC alleged that from 1997 to 2002, Shanahan and his
son approved the issuance of backdated stock options that
coincided with historically low closing prices of the company's
stock.
Read more at Reuters.com Government Filings News
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