Kb homes and backdating
On a similar note, there’s also the instance where you future-date an old article to a date that is still in the past, but more recent. Older sites with older posts tend to be ranked higher. Google and the other search engines don’t necessarily care that your post was posted two years ago.
KB Home, the homebuilder based in Los Angeles, said that its losses widened in the second quarter of the year following the reduction of sales.
Starting in 1999, prosecutors say, Karatz departed from a previous system of setting employee options prices on the date of KB Home's compensation committee meeting and instead began looking back up to six weeks after the meeting for a low price.
These backdated options with discounted exercise prices allowed him to reap millions of dollars that were never disclosed or recorded as compensation, the government claims.
Backdating is a practice of locking in financial gains by retroactively pricing option grants on days when a company's stock price was low, thereby increasing the value of options.
Word Press, as one of the most popular blogging platforms in the world, offers the ability for users to change the date on their posts, both before and after they have been published. You can set a post to appear in the future, scheduling your content drops. What about changing the date on a current post to make it look older? How can it be used, legitimately and illegitimately, and what is Google’s opinion on the practice?
The month-long trial in Los Angeles federal court is seen as a test of those efforts to crack down on illegal stock option backdating, where stock options are retroactively dated to boost gains to employees but not properly accounted for in financial documents. The fraud Karatz committed, which allegedly began in 1999, was tantamount to "giving himself extra pay," said Stern.
That issue embroiled nearly 200 companies midway through the decade as the government targeted the possible manipulation of stock-option grant dates. Karatz knew all along that what he was doing was wrong, that he was committing a fraud on the company, on investors," Stern said in remarks to the jury that lasted nearly four hours.KB Home is a homebuilding company based in the United States, founded in 1957 as Kaufman & Broad.It was the first company to be traded on the NYSE as a home builder and is a Fortune 500 company. In fiscal 2005, the company delivered homes to 37,140 families in the United States and France and had revenue of over billion.KB Home in the Metro Denver area offers new homes where you want to live and new floor plans designed to fit your lifestyle.Our single-family and paired homes also feature loft, den, basement and 3-car garage options.