Erik Lie is a Norwegian finance professor at the

University of Iowa The University of Iowa (U of I, UIowa, or Iowa) is a public university, public research university in Iowa City, Iowa, United States. Founded in 1847, it is the oldest and largest university in the state. The University of Iowa is organized int ...

who published a report about

options backdating In finance, options backdating is the practice of altering the date a stock option was granted, to a usually earlier (but sometimes later) date at which the underlying stock price was lower. This is a way of repricing options to make them more v ...

that led to many investigations by the SEC into the potentially illegal practice. He was the subject of profile in ''

Business Week ''Bloomberg Businessweek'', previously known as ''BusinessWeek'' (and before that ''Business Week'' and ''The Business Week''), is an American monthly business magazine published 12 times a year. The magazine debuted in New York City in Septembe ...

'' for his contribution to uncovering options backdating scandals. In 1991 and 1992 he served in the

Royal Norwegian Navy The Royal Norwegian Navy () is the branch of the Norwegian Armed Forces responsible for navy, naval operations of Norway, including those of the Norwegian Coast Guard. , the Royal Norwegian Navy consists of approximately 3,700 personnel (9,450 i ...

and

Norwegian Coast Guard The Norwegian Coast Guard () is a maritime military force which is part of the Royal Norwegian Navy. The coast guard's responsibility are for fisheries inspection, customs enforcement, border control, law enforcement, shipping inspection, enviro ...

. In 2007, he was listed as one of the ''Time'' 100, with the article on his contributions being written by former

New York Governor The governor of New York is the head of government of the U.S. state of New York. The governor is the head of the executive branch of New York's state government and the commander-in-chief of the state's military forces. The governor ha ...

and

New York State Attorney General The attorney general of New York is the chief legal officer of the U.S. state of New York and head of the Department of Law of the state government. The office has existed in various forms since 1626, originally established under the Dutch c ...

Eliot Spitzer Eliot Laurence Spitzer (born June 10, 1959) is an American politician and attorney who served as the 54th governor of New York from 2007 until his resignation in 2008 after a prostitution scandal. A member of the Democratic Party, he was also ...

. Professor Lie is recognized by his students as having a striking resemblance to the ''

Footloose ''Footloose'' is a 1984 American musical drama film directed by Herbert Ross and written by Dean Pitchford. It tells the story of Ren McCormack (Kevin Bacon), a teenager from Chicago who moves to a small town, where he attempts to overturn a b ...

'' actor,

Kevin Bacon Kevin Norwood Bacon (born July 8, 1958) is an American actor. Known for various roles, including leading man characters, Bacon has received numerous accolades such as a Golden Globe Award and a Screen Actors Guild Award. Bacon made his featu ...

Selected publications

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References

External links

* Living people Royal Norwegian Navy personnel Norwegian expatriates in the United States University of Oregon alumni University of Iowa faculty Year of birth missing (living people) {{US-business-academic-bio-stub