Erik Lie
Encyclopedia
Erik Lie is a Norwegian
finance professor at the University of Iowa
who published a report about options backdating
that led to many investigations by the SEC
into the potentially illegal practice. He was the subject of profile in Business Week for his contribution to uncovering options backdating scandals.
In 1991–92 he served in the Royal Norwegian Navy
and Norwegian Coast Guard.
In 2007, he was listed as one of the Time 100
, with the article on his contributions being written by former New York Governor
and New York State Attorney General
Eliot Spitzer
.
Norway
Norway , officially the Kingdom of Norway, is a Nordic unitary constitutional monarchy whose territory comprises the western portion of the Scandinavian Peninsula, Jan Mayen, and the Arctic archipelago of Svalbard and Bouvet Island. Norway has a total area of and a population of about 4.9 million...
finance professor at the University of Iowa
University of Iowa
The University of Iowa is a public state-supported research university located in Iowa City, Iowa, United States. It is the oldest public university in the state. The university is organized into eleven colleges granting undergraduate, graduate, and professional degrees...
who published a report about options backdating
Options backdating
Options backdating is the practice of issuing options contracts on a later date than that which the options have listed. While options backdating is not, in and of itself, an illegal practice, intentional backdating that coincides with low underlying stock prices and accounting reports that claim...
that led to many investigations by the SEC
United States Securities and Exchange Commission
The U.S. Securities and Exchange Commission is a federal agency which holds primary responsibility for enforcing the federal securities laws and regulating the securities industry, the nation's stock and options exchanges, and other electronic securities markets in the United States...
into the potentially illegal practice. He was the subject of profile in Business Week for his contribution to uncovering options backdating scandals.
In 1991–92 he served in the Royal Norwegian Navy
Royal Norwegian Navy
The Royal Norwegian Navy is the branch of the Norwegian Defence Force responsible for naval operations. , the RNoN consists of approximately 3,700 personnel and 70 vessels, including 5 heavy frigates, 6 submarines, 14 patrol boats, 4 minesweepers, 4 minehunters, 1 mine detection vessel, 4 support...
and Norwegian Coast Guard.
In 2007, he was listed as one of the Time 100
Time 100
Time 100 is an annual list of the 100 most influential people in the world, as assembled by Time. First published in 1999 as a result of a debate among several academics, the list has become an annual event.-History and format:...
, with the article on his contributions being written by former New York Governor
Governor of New York
The Governor of the State of New York is the chief executive of the State of New York. The governor is the head of the executive branch of New York's state government and the commander-in-chief of the state's military and naval forces. The officeholder is afforded the courtesy title of His/Her...
and New York State Attorney General
New York State Attorney General
The New York State Attorney General is the chief legal officer of the State of New York. The office has been in existence in some form since 1626, under the Dutch colonial government of New York.The current Attorney General is Eric Schneiderman...
Eliot Spitzer
Eliot Spitzer
Eliot Laurence Spitzer is an American lawyer, former Democratic Party politician, and political commentator. He was the co-host of In the Arena, a talk-show and punditry forum broadcast on CNN until CNN cancelled his show in July of 2011...
.