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| Untersuchte Arbeit: Seite: 28, Zeilen: 9-23 |
Quelle: The Economist 2006b Seite(n): 1 (Internetversion), Zeilen: 5-6, 7-12, 19-26 |
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| For example Mr Kobi Alexander, the founder and former boss of Comverse Technology, a well-known US software firm was in the corporate headline in the summer of 2006. Mr Alexander is the highest-profile executive to be charged so far in the scandal surrounding the backdating of executive share options at over 100 American firms. When fraud charges were filed in August against Mr Alexander and two other former executives – all three had resigned in May – it emerged that he was on the run, and had transferred USDollars 57 mil to his native Israel in what prosecutors called a “money-laundering scheme”.
Mr Alexander and his former colleagues are accused of backdating share options to value them at low points in Comverse´s share-price. They benefited personally from this and also used such options to reward employees. They are also accused of running a secret slush fund of options allocated to fictitious employees, which could later be transferred to real ones. This may sound odd, but another company, Cablevision involved in backdating their SOPs, reportedly gave options retrospectively to an executive after his death. These options were not counted as a cost when calculating profits, as they should have been – hence the fraud allegations.[FN 59] [FN 59: The Economist, 7th October 2006, p. 70., Corporate Scandals - the Fugitive.] |
[...] Kobi Alexander, the founder and former boss of Comverse Technology, a software firm [...] Mr Alexander is the highest-profile executive to be charged so far in the scandal surrounding the backdating of executive share options at over 100 American firms. When fraud charges were filed in August against Mr Alexander and two other former executives—all three had resigned in May — it emerged that he was on the run, and had transferred $57m to his native Israel in what prosecutors called a “money-laundering scheme”.
[...] Mr Alexander and his former colleagues are accused of backdating share options to value them at low points in Comverse's share price. They benefited personally from this and also used such options to reward employees. They are also accused of running a secret slush fund of options allocated to fictitious employees, which could later be transferred to real ones. (If that sounds odd, Cablevision, another firm caught up in the scandal, reportedly gave options retrospectively to an executive after his death.) These options were not counted as a cost when calculating profits, as they should have been—hence the fraud allegations. |
Indeed, a reference to the original source is given. But nowhere it is made clear that these two paragraphs form a word-for-word citation. |
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