Another first for former Brocade Communications Systems CEO Greg Reyes. He was the first Silicon Valley CEO to be indicted on federal charges in the options backdating scandal of a few years ago and the first to be found guilty. And on Tuesday, he became the first to have his conviction overturned.
Monster has finally put its backdating case to rest. Nary a week after former COO James Treacy was convicted of conspiracy and securities fraud, the online employment search company agreed to pay a $2.5 million fine to the U.S. Securities and Exchange Commission to settle charges that it improperly backdated millions of dollars in stock options.
Two weeks after Canadian regulators dropped the hammer on Blackberry maker Research-In-Motion for its stock option backdating scheme, the Securities and Exchange Commission has dropped it again. Today, the agency charged four RIM execs with illegally granting stock options to company employees over an eight-year period from 1998 through 2006.
One new Apple achievement that went unannounced at Tuesday’s “Let’s Rock” keynote was a final tidying-up of the company’s options backdating scandal. A group of former and current Apple executives that includes CEO Steve Jobs, CFO Peter Oppenheimer and COO Tim Cook has reached a tentative settlement in a shareholder lawsuit filed over stock-option irregularities.
The wheels of justice grinding away at Apple’s option-backdating scandal for the past few years have worn another career down to gritty dust. The Securities and Exchange Commission on Thursday settled the last civil case against a former Apple executive accused of stock-option fraud.
Looks like Steve Jobs’s notorious “Reality Distortion Field” also doubles as a Federation Starfleet-style force field in a pinch. The U.S. Justice Department has ended its investigation into backdated options at Apple and chosen not to bring criminal charges against the company.
According to Forbes, former Broadcom Corp. chief and founder Henry Nicholas ranks 677th on the list of the world’s wealthiest individuals. But according to a federal indictment unsealed today, he’d rank quite a bit higher on a list of the world’s most debauched.
Good thing Google seems to be backing away from its informal motto, “Don’t Be Evil.” Otherwise, news that Google board member and former Pixar CFO Ann Mather is facing civil action from the Securities and Exchange Commission for her alleged role in a stock-options backdating scandal at the animation studio would be, you know, totally [...]
The Securities and Exchange Commission has subpoenaed Apple CEO Steve Jobs in connection with a backdating lawsuit against former Apple General Counsel Nancy Heinen. Seems the SEC wants Jobs to testify against Heinen, whom it sued in late April for allegedly backdating stock-option grants to Jobs and other Apple execs.
And that puts Jobs in an [...]
The hammer has finally fallen on Greg “it’s not illegal if you don’t get caught” Reyes. Yesterday afternoon, a jury found the former Brocade Communications Systems CEO (and consultant) guilty on ten felony counts of securities fraud in the nation’s first criminal trial over the backdating of stock options.
Reyes was charged last year with [...]
“Steve and Fred were great buddies from 1997 to 2004.” That’s what Charles Wolf, president of Wolf Insights, had to say yesterday about former Apple CFO Fred Anderson and the sucker punch he through at CEO Steve Jobs yesterday. Which pretty much says it all, because “great buddies” is about the last thing phrase you’d use to describe the two men in 2007
John Paczkowski has been poking fun at the tech industry and the personalities that drive it since 1997. From 1999 to 2007, he wrote the award-winning tech news Web log Good Morning Silicon Valley for the San Jose Mercury News, Silicon Valley's daily newspaper. Read more »
Here is a statement of my ethics and coverage policies. It is more than most of you want to know, but, in the age of suspicion of the media, I am laying it all out.
12:58 AM: Breakfast: Two schools of fish from Tokyo Bay. Calories: 782,000. How I was feeling when I ate this: confused, irradiated, hating my size.
11:37 AM: Exercise: “Taxi Stomp” (alternating legs, for 30 blocks). Calories burned: 148,900,183.
1983. The Beatles announce their first tour in thirteen years, but likewise announce that Michael Jackson will be going on tour with them as a one gigantic mega-concert event.
Best video mashup ever.
A Facebook Memorial
Wow.
Worth it for the Rickrolling photo alone.
Excellent.
Flughumor!
… you vacuous, toffee-nosed, malodorous perverts
Stephen Fry and zoologist Mark Carwardine meet the kakapo — a fat, flightless and very randy rare parrot.
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