Why I Did Not Go To Jail
What boils my blood is this woman going to jail for doing something that was accepted practice and approved by PwC, where seemingly no criminal intent existed.Laws that are that opaque, where interpretation and enforcement can change at the whim of regulators and their bosses, are not morally justifiable.  IIRC Steve Jobs did the same thing at Apple and they (predictably) got a slap on the wrist.When this was going on I was running a small public co. and our counsel (outside but on BOD) was dead-set against any options dating shenanigans, despite what others were doing, so I guess I agree with OP's main point -- that having the right reporting structure can save your ass.