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URL:  https://boards.fool.com/boards-and-ceos-and-cfos-who-participated-in-25000281.aspx

Subject:  Re: The WSJ: New Look, Same Blind Spot Date:  1/4/2007  9:20 PM
Author:  StockOperator Number:  200323 of 603895

Boards and CEOs and CFOs who participated in backdating were stealing from shareholders in real life knowing that most investors wouldn't even think about it as long as their own stock was going up.

Although most CEOs and top executives do not deserve such mega compensation, in a way option backdating is a "relatively" cheaper way to pay for this largese.

If the board decided to award the CEO $40 million, by back-dating to a date when the strike price was low, they were giving the CEO lesser number of shares.

In a way, back-dating was doing was doing less damage.
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