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December 2, 2008 10:27:38 PM CST


backdating scandal

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Ex-Broadcom Boss Charged With Drugging Exec Drinks

Dozens of drug, fraud charges for billionaire

(Newser) - 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 »

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

Steve Jobs: Brilliant Tyrant

Apple's mercurial CEO creates a risky rollercoaster ride for shareholders

(Newser) - 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 »

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

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