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The backdating molehill and its mounting costs



The latest cost of the backdating "scandal" -- firms defaulting on their debt because of backdating-caused delays in quarterly reports. Here's my thoughts. Chalk this up, at least in part, to business journalists inflating this molehill into a major story. As to whether it's a molehill, consider Holman Jenkins in today's WSJ, and my analysis, on the origins in mandatory expensing, and the folly of that rule.

 

 


Rafael Mangual
Project Manager,
Legal Policy
rmangual@manhattan-institute.org

Katherine Lazarski
Manhattan Institute
klazarski@manhattan-institute.org

 

Published by the Manhattan Institute

The Manhattan Insitute's Center for Legal Policy.