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Archive for the 'options backdating' Tag

Wrapping up Costco’s options case…

Monday, October 25th, 2010

Ongoing litigation is just part of the cost of doing business for a big company like Costco Wholesale Corporation (COST), but the recent 10-K that the company filed on October 18 disclosed that a case involving its stock options practices may soon be resolved. The case, initially filed in 2008 by the Pirelli Armstrong Tire [...]

TeleTech time travels back to 1996…

Friday, July 18th, 2008

This week TeleTech Holdings (TTEC) restated 12 years’ worth of financials dating back to 1996 – the year in which Nintendo 64 debuted, Alan Greenspan spoke of “irrational exuberance” and Christie Brinkley married that scoundrel she’s now divorcing. The culprit was misdated stock options. In a February 8-K, TeleTech announced the results of an internal review of option [...]