Feeds

US share probe keeps growing

Broadcom, Monster dragged in...

Top three mobile application threats

Fund managers in the US are asking 1,500 companies if they are likely to get dragged into the ever-growing investigation into backdating of share options. Yesterday saw job site monster.com and Broadcom admit they were facing Federal investigation.

The Council of Institutional Investors, whose members run $3 trillion in investments, asked 1,500 firms if they were under investigation or were running their own investigations into share options. The Council said share options should be granted at the same time each year unless there were exceptional circumstances.

Monster said it was running its own investigation and has also received a subpoena from US Attorney in Manhattan. Chip maker Broadcom said it had received informal enquiries from the SEC about granting of share options.

Data center provider Equinix Inc is also facing an informal probe. Accountancy software maker Intuit said on Friday that it too was facing an informal SEC inquiry.

Calpers - California's public employees pension fund - has written to some two dozen companies demanding they investigate and publicly disclose what they discover. Calpers says directors should carry out a full audit of executive pay and compensation.

More from AP here and from the Seattle Post Intelligencer here.

The scandal came to light after research by Eric Lie, professor at the University of Iowa. He found backdating of options was more common before August 2002 when new SEC reporting regulations came into effect. More from him here.

3 Big data security analytics techniques

More from The Register

next story
Dropbox defends fantastically badly timed Condoleezza Rice appointment
'Nothing is going to change with Dr. Rice's appointment,' file sharer promises
Audio fans, prepare yourself for the Second Coming ... of Blu-ray
High Fidelity Pure Audio – is this what your ears have been waiting for?
MtGox chief Karpelès refuses to come to US for g-men's grilling
Bitcoin baron says he needs another lawyer for FinCEN chat
Record labels sue Pandora over vintage song royalties
Companies want payout on recordings made before 1972
Zucker punched: Google gobbles Facebook-wooed Titan Aerospace
Up, up and away in my beautiful balloon flying broadband-bot
Apple DOMINATES the Valley, rakes in more profit than Google, HP, Intel, Cisco COMBINED
Cook & Co. also pay more taxes than those four worthies PLUS eBay and Oracle
Number crunching suggests Yahoo! US is worth less than nothing
China and Japan holdings worth more than entire company
prev story

Whitepapers

SANS - Survey on application security programs
In this whitepaper learn about the state of application security programs and practices of 488 surveyed respondents, and discover how mature and effective these programs are.
Combat fraud and increase customer satisfaction
Based on their experience using HP ArcSight Enterprise Security Manager for IT security operations, Finansbank moved to HP ArcSight ESM for fraud management.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Top three mobile application threats
Learn about three of the top mobile application security threats facing businesses today and recommendations on how to mitigate the risk.
3 Big data security analytics techniques
Applying these Big Data security analytics techniques can help you make your business safer by detecting attacks early, before significant damage is done.