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      Backdated tax gifts

      Posted by SoxFirst

      Donations to charity are tax deductible. But what if they are in the form of backdated stock gifts? A new study suggests chief executives and chairmen of companies couldn't help ripping off the system. It was just well disguised as a gift to charity.

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    • The Brocade case: now for the gatekeepers

      Posted by SoxFirst

      Now that the Justice Department got its first backdating scalp in Brocade Communications System's former CEO Gregory Reyes, the Securities and Exchange Commission has now targeted company's former chief financial officer, Michael J Byrd, claiming he was well aware of the falsification of the documents.

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    • Going greener with Apple's options

      Posted by SoxFirst

      Apple has announced it's boosting its green credentials by reducing or eliminating the use of toxic materials in its products in the next few years and increasing its recycling of computers and iPods. You have to be wonder whether it's coincidental. You can't really separate that from what's going on with Apple's options scandal.

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    SoxFirst

    Member since Dec 2008

    Leon Gettler is a blogger and senior business journalist at The Age, specializing on management issues. His latest book, Organisations Behaving Badly focuses on the forces that lead smart executives into making dumb decisions.

    Melbourne