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Backdating stock options legal

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Last week the Do J brought criminal charges against two Brocade Communications Systems executives, while the SEC filed a civil suit against the same two and the CFO.

As expected, the charges focused on backdating stock options by doctoring employment documents, neglecting to record the stock-option expense on the company’s books, and misleading investors.

Hemsley is one of the most powerful people you've never heard of.

But Health Care for America Now (HCAN) hopes to change that.

Former CFO Antonio Canova and another exec settled out of the case for a few hundred grand.

That promise is considered to be an in-the-money options grant.

In-the-money options are different from performance-based compensation in the eyes of the Internal Revenue Service and the Financial Accounting Standards Board.

Despite the pay cut, Hemsley's job comes with quite a few perks.

He travels on United Health's corporate jet, a Gulfstream Aerospace, which cost .5 million.