Is the Internal Revenue Code responsible for the backdating problem Did Code Sec $162( mathrm m )$, which restricts the deductibility of nonperformance based executive cmpensation to $ $ 1$ million, cause the stock option explosion and the resulting backdating scandal Prepare a working paper on thi...

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Is the Internal Revenue Code responsible for the backdating problem? Did Code Sec. $162(mathrm{~m})$, which restricts the

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Is the Internal Revenue Code responsible for the backdating problem? Did Code Sec. $162(\mathrm{~m})$, which restricts the deductibility of nonperformance-based executive cómpensation to $\$ 1$ million, cause the stock option explosion and the resulting backdating scandal? Prepare a working paper on this subject.

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