I had lunch Tuesday with Don Montanaro, CEO of a newish online brokerage called TradeKing. In case you hadn’t heard, the online brokerage business is back, with record volume in February. Montanaro was one of the founders of Suretrade.com, an early online broker later devoured by Fleet which was itself later devoured by Bank of [...]
A reader who knows more about accounting than you do had this to say about my intimation Tuesday that stock-option backdating was a nearly victimless crime: Nobody got hurt? I’m not so sure. If these companies had been accounting for the compensation they were paying these guys, earnings would have looked a lot different. I [...]
