{"id":146,"date":"2006-11-16T00:52:45","date_gmt":"2006-11-16T08:52:45","guid":{"rendered":"http:\/\/www.onecle.com\/blog\/2006\/11\/16\/stock-options-backdating-scandal-widens\/"},"modified":"2006-11-16T00:52:45","modified_gmt":"2006-11-16T08:52:45","slug":"stock-options-backdating-scandal-widens","status":"publish","type":"post","link":"https:\/\/www.onecle.com\/blog\/2006\/11\/16\/stock-options-backdating-scandal-widens\/","title":{"rendered":"Stock Options Backdating Scandal Widens"},"content":{"rendered":"<blockquote><p><strong>New York Times<\/strong>: <a href=\"http:\/\/www.nytimes.com\/2006\/11\/13\/business\/13home.html\">KB Home Ousts Its Chief and 2 Others<\/a>. The longtime chief executive of KB Home, one of the nation\u2019s largest home builders, resigned under pressure on Sunday night and agreed to return $13 million in profit from backdated stock options, the company said.<\/p><\/blockquote>\n<p>At first, I thought the stock options backdating problem was only a tech company issue.  However, recent events indicate that this problem spans across companies from different industries and may be more widespread.  I&#8217;ve posted <a href=\"http:\/\/contracts.onecle.com\/alpha\/1690.shtml\">KB Home contracts<\/a> to the web site where you can find the employment agreement for Bruce Karatz from <a href=\"http:\/\/contracts.onecle.com\/kb-home\/karatz-emp-1995-12-01.shtml\">1995<\/a> and <a href=\"http:\/\/contracts.onecle.com\/kb-home\/karatz-emp-2001-07-11.shtml\">2001<\/a>, as well as his recent <a href=\"http:\/\/contracts.onecle.com\/kb-home\/karatz-sever-2006-11-12.shtml\">resignation agreement<\/a> with KB Home.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>New York Times: KB Home Ousts Its Chief and 2 Others. The longtime chief executive of KB Home, one of the nation\u2019s largest home builders, resigned under pressure on Sunday night and agreed to return $13 million in profit from backdated stock options, the company said. At first, I thought the stock options backdating problem [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8,20,22],"tags":[],"class_list":["post-146","post","type-post","status-publish","format-standard","hentry","category-employment-agreement","category-severance-agreement","category-stock-options"],"jetpack_featured_media_url":"","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.onecle.com\/blog\/wp-json\/wp\/v2\/posts\/146","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.onecle.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.onecle.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.onecle.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.onecle.com\/blog\/wp-json\/wp\/v2\/comments?post=146"}],"version-history":[{"count":0,"href":"https:\/\/www.onecle.com\/blog\/wp-json\/wp\/v2\/posts\/146\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.onecle.com\/blog\/wp-json\/wp\/v2\/media?parent=146"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.onecle.com\/blog\/wp-json\/wp\/v2\/categories?post=146"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.onecle.com\/blog\/wp-json\/wp\/v2\/tags?post=146"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}