toggle

AAPL Stock: 101.06 ( + 0.1 )

Printed from http://www.macnn.com

SEC turns investigations towards Electronic Arts

updated 12:20 pm EDT, Thu September 21, 2006

SEC investigates EA

Following the launch of probes into more than 100 US companies, including Activision, THQ, and Take-Two, GamesIndustry says that the next target for the Securities and Exchange Commission is EA. The SEC wants to know if EA has been backdating executive stock options - that is, picking a date for issued stocks that's more favourable than when they were actually granted to an executive. This tends to enrich executive staff while depriving the company as a whole. According to EA, the SEC has requested company records going back to 1997.




by MacNN Staff

POST TOOLS:

TAGS :

toggle

Comments

Login Here

Not a member of the MacNN forums? Register now for free.

toggle

Network Headlines

toggle

Most Popular

MacNN Sponsor

Recent Reviews

Patriot Supersonic Rage XT 128GB USB drive

USB thumb drives are getting larger by the day, their growth speeding along with the availability and expansion of memory chips. But h ...

Autodesk Smoke 2015

Since May of this year, Autodesk has been shipping the highly anticipated update to its high-end post-production video editing suite, ...

Crucial MX100 256GB SATA-3 SSD

While the price-per-gigabyte ratio for magnetic platter-based hard drives can't be beat, the speed that a SSD brings to the table for ...

toggle

Most Commented