Options expert Erik Lie, on Apple's backdating disclosuresBy
University of Iowa professor Erik Lie is credited with the research that exposed the widespread use of backdating to boost the value of options granted to corporate executives--a scandal that is dominating the news with Macworld just a week or so away. And while Wall Street analysts raced to be first to declare Steve Jobs absolved of all blame after Apple disclosed details of its internal investigation yesterday, Lie isn't so sure.
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