A couple Board Members over at stock-photo powerhouse, Getty Images, are in hot water according to a report over at The Stock Asylum. In the story, they write:
(Two lawsuits) contend that the defendants, including Getty Images’ Chief Executive Officer Jonathan Klein and Chairman Mark Getty, breached their duties to the stock photography distributor and its shareholders by backdating stock options to increase their value, filing false financial statements and selling or allowing the sales of company stock while in possession of non-public information regarding the backdating of stock options grants.
You’d think as high power corporate executives, they’d model their behavior after some other corporate bigwig who excudes morality and positive public perception. You know, someone like, oh, I dunno… say, Steve Jobs?!
