Bush Scandals List

151. Corporate remuneration

Excessive corporate pay, retirement, and severance packages in the Bush era. Even post-Enron, control over executive compensation still rests largely in the hands of the executives themselves and the compliant boards of directors they often select. Pay is still not coupled to performance and stock options still encourage executives to manipulate stock prices (which is very much not the same thing as performance as the Enron case showed) for their own benefit. Reporting the cost of stock options was not mandated by the SEC until August 2006. The total cost of multi-year options is still not reported fully but treated as a year by year expense making the true cost look smaller. Back dating of options so they could be purchased at a lower price was also fairly common until somebody noticed it constituted fraud. Spring loading, a variant of insider trading, i.e. exercising an option and buying just before news that will drive up the stock price, still occurs.

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