For those of you in Mandaree, stock options are awarded or granted or even "earned" by employees of publicly traded companies to motivate and retain, key, and sometimes all personnel. These options give their recipients the right to buy stock at a strike price that most companies tell the shareholders will be the fair-market value on the day of the grant. Many of these corporate scoundrels have been involved in backdating, which is where the companies secretly pretend the option grant was at an earlier date so that the strike price can be lower and the profits greater.
There is a company called UnitedHealth that has a guy by the name of Dr. William McGuire still at the helm. I dont' think there is a human alive who has made more money playing games with options grants. No wonder investors get so fed up with this never-ending crapola. Where is the SEC in protecting the little guy? Spitzer started it off right and got the investigations rolling. Who will finish it when he's gone off to politics?
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