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Academic rocks corporate America by revealing boardroom reward ploys
The boardroom titans of Silicon Valley and Wall Street have met their match in a Norwegian-born finance lecturer from a hitherto obscure business school in America's midwestern cornbelt.Erik Lie, a professor at the Henry B Tippie college of business in Iowa City , is credited with triggering a scandal over share options which has so far snared more than 60 companies - including Apple, Microsoft and the world's largest DIY retailer, Home Depot.
The companies are facing scrutiny - in some cases, a formal regulatory investigation - over the way they have priced share options for their executives. They are accused of using unorthodox tactics to ensure the maximum possible financial gain for boardroom bosses.
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