Explaining Backdating (and Jenkins Channels Manne Again)

Joshua Wright August 30, 2006

Truth on the Market View Original Source

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Holman Jenkins reports that a group of economists led by Milton Friedman and Harry Markowitz are getting behind the idea of putting an end to the expensing of options. It is a great column. Jenkins goes on to discuss options backdating and makes the following points, which will sound unfamiliar to TOTM readers..

Read the full piece here.