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July 24, 2008 1:19:51 PM CDT


Stories related to: stock option backdating

Stories

6 Stories

  • June 2008
    • Ex-Broadcom Boss Charged With Drugging Exec Drinks

      Ex-Broadcom Boss Charged With Drugging Exec Drinks

      Broadcom's co-founder has been indicted on an astounding spate of federal fraud and narcotics charges, the Wall Street Journal reports. Henry Nicholas III is accused of using and distributing drugs over a seven-year period while directing a criminal stock options-backdating conspiracy that cost the firm billions. Prosecutors claim he secretly spiked the drinks of technology executives and customers with Ecstacy. More »

      Tags

      CEO   drug abuse   federal indictment   stock option backdating   stock options   Broadcom   drugging   backdating scandal

  • May 2008
    • Broadcom Execs Charged With Backdating Stock Options

      Broadcom Execs Charged With Backdating Stock Options

      The SEC has filed civil charges against four top Broadcom execs, alleging that the men backdated employee stock-option grants between 1998 and 2003, the Wall Street Journal reports. The suit seeks fines and also the return of their illegal gains. The chip-maker—one of the boom companies of the 1990s—settled charges with the government last month. More »

      Tags

      SEC   stock option backdating   Broadcom

  • March 2008
    • Steve Jobs: Brilliant Tyrant

      Steve Jobs: Brilliant Tyrant

      Steve Jobs is an undisputed Silicon Valley superstar, but his genius has a price, Fortune reports. Jobs is a risk-taking, short-tempered tyrant, and those foibles make Apple a potential rollercoaster for investors. Jobs threatened the company—and his own freedom—in two separate backdating scandals, and, reports the magazine, risked his own life by long avoiding treatment for his pancreatic cancer. More »

      Tags

      Apple   Steve Jobs   shareholders   pancreatic cancer   CEOs   corporate governance   Pixar   stock option backdating   backdating scandal

  • January 2008
    • Ex-Brocade CEO Gets 21 Months for Backdating

      Ex-Brocade CEO Gets 21 Months for Backdating

      The first executive ever convicted of backdating stock options was sentenced today to 21 month in prison and ordered to pay a $15 million fine, the Wall Street Journal reports. Former Brocade CEO Gregory Reyes was found guilty in August of 10 fraud and conspiracy charges. He said today he was “humbled” by the case. More »

      Tags

      fraud   sentencing   stock option backdating   Brocade   Gregory Reyes

  • October 2007
    • HP-Owned Mercury Settles Backdating Suit

      HP-Owned Mercury Settles Backdating Suit

      In the largest settlement yet for a class action lawsuit concerning stock options backdating, Mercury Interactive will pay out $117.5 million to pension fund investors, the San Jose Mercury News reports. Mercury's counsel was quick to say that the company was not admitting liability despite agreeing to the settlement. Hewlett-Packard acquired Mercury Interactive last year for $4.5 billion. More »

      Tags

      lawsuit   Hewlett Packard   stock option backdating

  • September 2007
    • Apple CEO Subpoenaed by SEC

      Apple CEO Subpoenaed by SEC

      Apple CEO Steve Jobs has been subpoenaed by the Securities and Exchange Commission in a case involving backdated stock options, the Wall Street Journal reports. Apple's former counsel, Nancy Heinen, is the target and not Jobs. Though Apple already admitted to backdating options, and that Jobs had a hand in picking dates, the company maintains he's done no wrong. More »

      Tags

      Apple   SEC   Steve Jobs   stock option backdating

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