Backdating the

The Wall Street Journal (see discussion of article below) pointed out a CEO option grant dated October 1998.The number of shares subject to option was 250,000 and the exercise price was (the trough in the stock price graph below.) Given a year-end price of , the intrinsic value of the options at the end of the year was (-) x 250,000 = ,750,000.Options backdating is the practice of altering the date a stock option was granted, to a usually earlier (but sometimes later) date at which the underlying stock price was lower.

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Backdating allows executives to choose a past date when the market price was particularly low, thereby inflating the value of the options.

An example illustrates the potential benefit of backdating to the recipient.

Word Press, as one of the most popular blogging platforms in the world, offers the ability for users to change the date on their posts, both before and after they have been published. You can set a post to appear in the future, scheduling your content drops. What about changing the date on a current post to make it look older? How can it be used, legitimately and illegitimately, and what is Google’s opinion on the practice?

You can write and upload a dozen posts all at once, and set them to appear at set, reasonable intervals. Sometimes, you have no choice but to make a drastic site move.

It’s not unusual for parties to a contract to want the written agreement to cover a period before it’s actually signed.