Good question. Bloomberg News reports today that the crackdown on backdating is stuck because SEC Chairman Christopher Cox hasn't decided how to penalize San Jose-based Brocade Communications Systems Inc., which is the first company that the agency has really gone after. If true, it could bog down other investigations (perhaps including L.A.-based KB Home, which announced last week that the SEC has launched an inquiry into its backdating policies). But Cox told reporters that the...
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Mark Lacter covered business, the economy and more here from 2006 until his death on Nov. 13, 2013.The entire LA Biz Observed archive — more than 10,000 blog posts by Mark — remains online and available.
Mark LacterMark Lacter created the LA Biz Observed blog in 2006. He posted until the day before his death on Nov. 13, 2013.
The multi-talented Mark Lacter
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