Retainers were calculated by assuming that these individuals attended all board and committee meetings, and we did not include compensation paid in stock or the value of any stockoptionsgranted.
The U.S. Attorney charges that the men devised a scheme to backdate millions of stockoptionsgranted to themselves and their employees to days when Comverse stock was trading at periodic lows.
Bonuses were given to workers achieving their objectives, pay raises were given to employees with outstanding performance, and stockoptions were granted to over-achievers.
The Financial Accounting Standards Board (FASB), which issues fatwas concerning accounting rules for corporations, has formally recommended that stockoptions be expensed as soon as they are granted.