Friday, June 16, 2006

IN THE BEGINNING THERE WAS MICROSOFT -- WSJ Law Blog provides a history of back-dating. Part One:
In his mega-seller “The Tipping Point,” Malcolm Gladwell writes, “The best way to understand the dramatic transformation of unknown books into bestsellers, or the rise of teenage smoking, or the phenomena of word of mouth or any number of the other mysterious changes that mark everyday life, is to think of them as epidemics. Ideas and products and messages and behaviors spread just like viruses do.”

As the Law Blog suggested last week, Gladwell’s thesis seems to apply to the backdating of options, all the more so with today’s WSJ news that Microsoft once practiced a variation of options backdating.
Of course!