Search
 

Stock Options Error To Cost Aon $8 Million

Aon said an internal review has found no misconduct in its stock option awards, but accounting mistakes were made that will cost the company more than $8 million in compensation to affected stockholde

By Mark E. Ruquet | Updated on August 17, 2007

Aon said an internal review has found no misconduct in its stock option awards, but accounting mistakes were made that will cost the company more than $8 million in compensation to affected stockholder employees.

In a filing with the Securities and Exchange Commission Wednesday, the Chicago-based insurance broker said an audit committee’s review found no misconduct by current or former management or directors in the award of stock options from 1994 to 2006.

Want to continue reading?
Become a Free
PropertyCasualty360 Digital Reader.

INCLUDED IN A DIGITAL MEMBERSHIP:

  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.

Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Recommended Stories

PropertyCasualty360

Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join PropertyCasualty360.com now!

  • Unlimited access to PropertyCasualty360.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including BenefitsPRO.com, ThinkAdvisor.com and Law.com
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now
Join PropertyCasualty360

Copyright © 2024 ALM Global, LLC. All Rights Reserved.