Look near the bottom of the story about the conviction of a Silicon Valley executive for flagrant violations of law in issuing stock options, the SF Chronicle. In “Legal drama as backdating trial ends in ‘guilty’,” you’ll find this:

Many in Silicon Valley viewed the prosecution as a government witch hunt, arguing that backdating didn’t harm anyone. Companies routinely handed employees and executives better odds of big profits by granting them options at trading lows. They broke the law when they failed to properly account for the practice or disclose it to investors, inflating their companies’ profits

The mantra of the valley, and of corrupt people everywhere, is that breaking the law didn’t harm anyone because, well, it was for the good of the company. Bull. It was outright lying to shareholders. That is the bottom line.

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