First service backdating stock options
The former Rainbow Technologies subsidiary Safe Net Government Solutions, LLC formerly Safe Net Mykotronx is still based in Torrance, California with offices in Irvine, California and Columbia, Maryland.
Safe Net Government Solutions, LLC has been operationally merged into Safe Net and the lines between the two organizations have been intentionally blurred due to financial reasons.
Now part of Gemalto and marketed under the Safe Net product brand, offerings include enterprise authentication, data encryption, and key management.
Safe Net's software monetization products are now offered under Gemalto's Sentinel brand.
was an information security company based in Belcamp, Maryland, United States.
The company is now the fifth largest vendor in the security market and third largest provider of information security solutions in the world with revenues ~0M.
the much different – and more financially beneficial – tax rules that apply when issuing “at the money” or "out of the money" stock options.Cases of backdating employee stock options have drawn public and media attention.According to a study by Erik Lie, a finance professor at the University of Iowa, more than 2,000 companies used options backdating in some form to reward their senior executives between 19.It has often had surprising amounts of deferred compensation and pension payments, and unique features such as executive loans (now banned), and post-retirement benefits, and guaranteed consulting fees.The compensation awarded to executives of publicly-traded companies differs from that awarded to executives of privately held companies.
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Observers differ as to how much of the rise in and nature of this compensation is a natural result of competition for scarce business talent benefiting stockholder value, and how much is the work of manipulation and self-dealing by management unrelated to supply, demand, or reward for performance.