I'd like to hear perspectives on the options backdating scandal. Many tech companies have announced that they have backdating problems, and additional companies are being added to the list on a weekly basis. Yet, after the Enron/Worldcom accounting scandals earlier in the decade, I thought companies would do their very best to keep their books clean for at least a good while. It seems that just was not the case - only a couple of years later a new financial scheme spread like a virus through both lower and top tier companies. How could this blatantly illegal practice have become so prevalent across the tech industry, and what does the scandal say about corporate governance and accounting standards in general?
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