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So, even if you could restate the option as an ISO, that may not solve the issue.
Do we need employee stock option reforms for startups?
Contains forward-looking statements or forward-looking information (forward-looking statements).
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Comverse Technology Inc Backdating Stock Options – Overstating of Net Income Comverse Technology Inc is a provider of software and systems enabling net-work based multimedia communications services.
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Comverse Technology Inc’s Board includes a majority of independent directors.
The Board has four standing committees: Audit Committee, Compensation Committee, Corporate Governance and Nominating Committee, and Executive Committee.
Instead of using the original dates granted they changed or forged the documents so that a larger profit could be realized.
The slush fund was created by using fictitious employees and granting them options.