Whatever one makes of the option backdating scandal, it's hard to defend what Cablevisi on did:
Cablevision took it up a notch as it was revealed that they didn't just backdate options, they backdated a bunch so a dead executive could get the options while he was alive. Well, to be more specific, that his estate could get them.
Options are supposed to be used as incentive compensation, but it's hard to see how you incentivize a dead man.
