Summary
THERE are times when the name says it all. When something is given a name which raises a wry smile and which everyone assumes is a bit of a joke, but which actually reveals what it is really all about.
Such appears to be the case when three executives of voice- messaging software company Comverse Technology named an account Phantoms Of The Opera. This was allegedly not a reference to a mindless Andrew Lloyd Webber opera but used in reality for a secret options slush fund that produced cash to be distributed to favoured employees.See the full content of this document
Extract
Scandal Monger: Phantom Options
Two of the executives, former chief financial officer David Kreinberg and former general counsel William F Sorin, were arraigned in Federal...
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