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Bush's kid brother and backdating

Filed in archive executive pay by leon on November 25, 2006

Bush's kid brother and backdating
Interesting connections coming out of the announcement by Houston-based HCC Insurance Holdings that it had been backdating stock option grants from 1995.

The President's youngest brother Marvin was a director of the company from 1999 to 2002 and would have been very close to the action, as he was on its compensation committee, reports Alistair Barr at MarketWatch.

Since then he has been advisory director, and adviser to the chairman and chief executive, Stephenlinks Way. That's the same Stephen Way who resigned after an independent investigation uncovered the options issue and concluded that some of Way's option grants were incorrect.

Sure sounds like someone close to the action.






Permalink: Bush's kid brother and backdating
Tags: Marvin  Bush  HCC  Insurance  Holdings  stock  option  backdating  business  bush+brother 

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Related Entries:

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Stock option tremors in Silicon Valley - 03 July 2006

The widespread practice of option timing - 17 July 2006

Stock options backdating jigsaw - 25 January 2007

Bush backdating - all in the family - 09 February 2007

SOX and backdating - 11 April 2008





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