« Are You Safer with a Large or Small Brokerage Firm? | Main | DON’T Check Your 401(k) Balance Today! »
Meet Erik Lie
By JLP | June 5, 2006
Erik Lie, Associate Professor and Henry B. Tippie Research Fellow at the University of Iowa, is the guy responsible for uncovering the stock options scandal in which executives at major companies backdated their options to a time right before a big run-up in their company’s stock price, thereby making their options MUCH more valuable.
Here is a MUST READ for anyone wanting to learn about the corporate options backdating scandal. Be sure and read the links to the Wall Street Journal articles, particularly this one, which is the story that really broke the news on this scandal.
Topics: Investing | 1 Comment »
June 5th, 2006 at 6:26 pm
While I applaud Mr. Lie, I must say this is a true rarity. Call me a cynic, by most university professors either:
1) Solicit private funds to conduct biased research studies that favor the payor; or
2) Simply pursue their own [either intra or extra-academic] political agendas at the expense of the reputation and quality of the academic program.
I used to aspire to be in academia professionally, but then soon realized I wouldn’t last more then a few months in such company … there are exceptions of course, such as Mr. Lie, and a few of my own professors.