Leave your feedback Share Copy URL https://www.pbs.org/newshour/show/officials-investigate-ceos-in-stock-options-scandals Email Facebook Twitter LinkedIn Pinterest Tumblr Share on Facebook Share on Twitter Transcript The NewsHour's economics correspondent Paul Solman reports on the stock scandals embroiling a number of companies and explains how stock option scams work. Read the Full Transcript Notice: Transcripts are machine and human generated and lightly edited for accuracy. They may contain errors. GWEN IFILL: Still to come: the news on the economic front; and social networks online. But first, the growing scandal surrounding stock options.Today, the Justice Department announced that a fugitive former CEO charged with securities fraud was captured in Namibia. Jacob Alexander is the founder and former chief executive office of Comverse Technology. The government said it would seek his extradition from Africa for his role in a stock options scheme.The NewsHour's economics correspondent, Paul Solman, has been looking into the larger stock options story and how it all works. PAUL SOLMAN, NewsHour Economics Correspondent: The latest tsunami of scandal to hit corporate America is more bad news from the no-rules '90s, the decade that brought us Enron, Tyco, Qwest and the rest. Now, a new list of companies, perhaps 100 or more, many of them thought exemplary, suspected of backdating options, actually changing dates on financial documents to inflate their profits and, thus, their stock price.Criminal charges have already been filed against Brocade Communications and Comverse. Shareholder advocate Nell Minow voices a common reaction. NELL MINOW, Shareholder Advocate: I thought I had lost my capacity to be shocked, but I was really flabbergasted by this, by how widespread it was and by how blatant it was.