advocatusdiaboli13

Et Tu, Apple? Options Backdating Hits Cupertino (AAPL)

I share your sentiment, but with one clarification: the term widespread implies across many grants and that would actually be better than if this nefarious and self-dealing practice were limited to just a few key executives. Why? Because they have the greatest fiduciary responsibilities to external shareholders and they are the leaders of the company. In additon, their small number of grants cover the majority of allocated options.