Erik Lie is a

Norwegian Norwegian, Norwayan, or Norsk may refer to: *Something of, from, or related to Norway, a country in northwestern Europe * Norwegians, both a nation and an ethnic group native to Norway * Demographics of Norway *The Norwegian language, including ...

finance professor at the

University of Iowa The University of Iowa (UI, U of I, UIowa, or simply Iowa) is a 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 into 12 coll ...

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 ...

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'', is an American weekly business magazine published fifty times a year. Since 2009, the magazine is owned by New York City-based Bloomberg L.P. The magazine debuted in New York City ...

'' for his contribution to uncovering

options backdating scandal 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 ...

s. In 1991 and 1992 he served in the

Royal Norwegian Navy The Royal Norwegian Navy ( no, Sjøforsvaret, , Sea defence) is the branch of the Norwegian Armed Forces responsible for naval operations of Norway. , the Royal Norwegian Navy consists of approximately 3,700 personnel (9,450 in mobilized state, ...

and

Norwegian Coast Guard The Norwegian Coast Guard ( no, Kystvakten) 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 ...

. 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 has a ...

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 been in existence in some form since 1626, under the Dutch colonial government ...

Eliot Spitzer Eliot Laurence Spitzer (born June 10, 1959) is an American politician and attorney. A member of the Democratic Party, he was the 54th governor of New York from 2007 until his resignation in 2008. Spitzer was born in New York City, attended Pr ...

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

Kevin Bacon Kevin Norwood Bacon (born July 8, 1958) is an American actor. His films include the musical-drama film '' Footloose'' (1984), the controversial historical conspiracy legal thriller ''JFK'' (1991), the legal drama '' A Few Good Men'' (1992), th ...

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