Erik Lie Explained
Erik Lie is a Norwegian finance professor at the University of Iowa who published a report about options backdating that led to many investigations by the SEC into the potentially illegal practice. He was the subject of profile in Business Week for his contribution to uncovering options backdating scandals.[1]
In 1991 and 1992 he served in the Royal Norwegian Navy and Norwegian Coast Guard.
In 2007, he was listed as one of the Time 100, with the article on his contributions being written by former New York Governor and New York State Attorney General Eliot Spitzer.[2]
Professor Lie is recognized by his students as having a striking resemblance to the Footloose actor, Kevin Bacon.
Selected publications
- Erik Lie . On the timing of CEO stock option awards . Management Science . 51 . May 2005. 5 . 802–812 . 10.1287/mnsc.1050.0365.
- Does backdating explain the stock price pattern around executive stock option grants? . Erik Lie, with Randall A. Heron . Journal of Financial Economics . 83 . February 2007 . 2 . 271–295 . 10.1016/j.jfineco.2005.12.003. 153491365 .
- On the use (and abuse) of stock option grants . Erik Lie, with Randall A. Heron and Tod Perry . Financial Analysts Journal.
Notes and References
- Web site: He's Making Hay As CEOs Squirm . Business Week . January 15, 2007. He's Making Hay As CEOs Squirm: Erik Lie uncovered widespread backdating of stock options. Now he's reaping rewards. . dead . https://web.archive.org/web/20071113002246/http://www.businessweek.com/magazine/content/07_03/b4017075.htm . November 13, 2007.
- Spitzer . Eliot . The Time 100 Erik Lie . . https://web.archive.org/web/20070505050739/http://www.time.com/time/specials/2007/time100/article/0,28804,1595326_1615737_1615726,00.html . dead . May 5, 2007 . July 28, 2007 . May 3, 2007.