Warren Buffet speaks about abuse of Stock Options – but the whole article is worth reading
“Too often, executive compensation in the U.S. is ridiculously out of line with performance,” Buffett wrote in the most recent annual letter to shareholders of his company, Berkshire Hathaway.
* More than a third of the 60 companies already under federal investigation are based in Silicon Valley. That’s no surprise, given the tech industry’s heavy emphasis on stock options.
* Meanwhile, the University of Iowa researcher who kicked off the scandal last year by pointing to possible backdating at a handful of companies has just announced new findings: Some 29 percent of 7,774 public companies he’s examined — a total of 2,270 — are suspected of backdating.
Here is the eye opening list of companies under investigation. How many of them are in your data center? http://online.wsj.com/public/resources/documents/info-optionsscore06-full.html