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Oct 02, 2024

Crisis communication lessons from the stock options backdating controversy – IR Voice

In the latest episode of IR voice we discuss crisis communication best practices.

We speak with Gregg Lampf, VP of IR at Ciena who brings 30 years of experience in managing different crisis as part of his profession. Among these, is the once widespread issue of stock options backdating – a practice which garnered significant attention around 20 years ago.

While backdating is now viewed as a controversial, unfavorable practice by investors, Lampf’s experience during that crisis at one of the companies he worked for, provided invaluable lessesons hat continue to inform his career today.

In this episode, Lampf explains the notion of options backdating, shares his firsthand experience and discusses the challenges it presented alongside the solutions needed from an IR perspective to overcome them.

In this episode, you will hear:

  • What stock options backdating is
  • Key lessons learned from this practice
  • Best practices for crisis communication
  • Strategies for rebuilding trust after a crisis.

IR Voice provides listeners with insights into cutting-edge issues of the day for IR professionals. The series features interviews with IR experts bringing a global perspective, actionable insights and commentary on trending topics. These include sustainability, activism, corporate access, regulation and more.

Click here to listen and subscribe on Spotify, Apple Podcasts, Acast or wherever you access your podcasts.

Laurie Havelock

Laurie has been part of the IR Magazine team for more than a decade, starting out as a reporter and research editor before becoming editor in 2023. He was previously acting business editor at the i newspaper and deputy business editor at The Daily...

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