From todays Wall Street Journal:
"In one 2000 email quoted in the court document, filed in state court in California by shareholders suing the former executives, a Mercury finance executive wrote to another official about using "magic backdating ink" to manipulate the date of an options grant. Another employee whose grant allegedly was backdated was told in an email that "the stock price drop made us change the grant date" and "you will be happier with the new price."
WTF! How can otherwise intelligent people be so stupid? It's like the Abramoff scandal - what kind of idiot puts this stuff down on paper(or worse an e-mail server). If you're going to do it - at least take the time to call - preferably from an empty office. Or, ever better, pull you accomplice into a conference room and discuss it one on one.
The only theory I can come up with is these people have convinced themselves they aren't doing anything wrong.
I almost have more respect for a criminal, who acknowledges that he is a criminal. It seems almost worse to commit a crime having expended all that energy convincing yourself that nothing you're about to do is wrong.
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