The Nacchio Trial Begins

The insider trading trial of former Qwest CEO Joseph Naccio began yesterday. I’ve posted a couple of times (here and here) on Nacchio’s innovative defense, which the WSJ labeled a…

Jenkins channels Manne

Today’s WSJ has a great article by Holman Jenkins on reporting on the backdating “scandal.”  Larry is, of course, on the case.  I would also — modestly — point out…

Anabtawi on Spring-loaded Options

Over at Professor Bainbridge’s place, Iman Anabtawi has some thoughts on the granting of “spring-loaded” options, an option granted at a market price that does not incorporate some favorable non-public…

The Froth Is Back

Today's WSJ reports that professional stock analysts employed by brokerage firms are up to their old sunny ways. These "sell-side" analysts came under fire in 2002 for rendering falsely optimistic…