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In the case described in the story, I don't see any signs of the former.

Good thing we have more than just a blog post on the options backdating scandal, as it's a well-known scandal

https://en.m.wikipedia.org/wiki/Options_backdating#Overview_...

http://usatoday30.usatoday.com/money/companies/regulation/20...

Options backdating was a big fucking deal a few years ago.

The CFO proposes certain practice, it is not obviously illegal (like not paying taxes or stealing office supplies from competitors at night)

It's not obviously illegal to lie about the date on which you granted an employee his/her options?




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