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    gious. The number of companies though he said that were going to come cle
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    I had a discussion with Erik Lie about the experiences with Stock Options Backdating (SOBD) and the economic impact of his work. According to Erik, at least 15% of the stock options grants between 1996 to August, 2002,were backdated. Some were within 30 days of the grant date, others more egregious. The number of companies though he said that were going to come clea
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    Backdating (SOBD) and the economic impact of his work. According to Erik, at least 15% of the stock options grants between 1996 to August, 2002,were backdated. Some were within 30 days of the grant date, others more egregious. The number of companies though he said that were going to come cle
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    at least 15% of the stock options grants between 1996 to August, 2002,were backdated. Some were within 30 days of the grant date, others more egregious. The number of companies though he said that were going to come cle
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    re backdated. Some were within 30 days of the grant date, others more egregious. The number of companies though he said that were going to come cle
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    gious. The number of companies though he said that were going to come clean would be far less than 15%. Here is what we came up with.

    First the assumptions:

    1. # of companies that actually are investigated or asked by the SEC (currenty June 03 is 42) by June 2006 = 100

    2. # of companies that will complete the 3 step process of preliminary investiga

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