Scholar Info

Randall Heron

Roger and Barbara Schmenner Faculty Fellow

Kelley School of Business


Research that uncovered stock option grant backdating

My research co-authored with Erik Lie uncovered the practice of option grant backdating at many public corporations. It prompted SEC and DOJ investigations, and WSJ reporters following up on it won a Pulitzer prize in 2007 for their investigations (which my co-author and I encouraged and assisted with). Executive compensation disclosure rules were changed as a result of our research.


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