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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

Manhattan Institute


Published by the Manhattan Institute

The Manhattan Insitute's Center for Legal Policy.