Government action against stock-option backdating violations appeared to gain momentum last week with guilty pleas from two of the seven company executives slapped with criminal charges in the probes that began last year.
There are those who believe, however, that the pace remains sluggish for the largest corporate fiasco of 2006.
The founder of the company that brought the graphic "Grand Theft Auto" video games into popular currency became the first CEO to succumb to prosecution in the scandal over suspect timing of stock option awards to executives at scores of U.S. public companies.
Ryan A. Brant, the former chief executive of Take-Two Interactive Software Inc., pleaded guilty on Feb. 14. The next day, a former top executive of the company that runs another popular feature of American culture, the Monster job search Web site, admitted that he illegally backdated millions of dollars in stock option grants.
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