Manipulating stock option grants is no laughing matter. Federal investigators are combing through the files of more than 120 companies looking for evidence of backdated options. Dozens of executives have resigned or been fired. Top officers at two companies face criminal charges.
Helen Gurley Brown, the original Cosmo girl, snapped photos of the editors — all women — of the 55 international editions of the magazine who met at a Cosmopolitan conference last week.
But at a corporate governance conference sponsored by Stanford University in Washington last week, Christopher Cox, the chairman of the Securities and Exchange Commission, had some fun with the terminology used to describe certain stock option abuses.
“Spring-loading sounds likes the type of thing you ask your kids not to do inside the house,” Mr. Cox said, referring to the practice of granting options ahead of positive news to reap an instant paper profit.
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