Kai-Fu Lee’s uneventful departure from Google to start a Beijing incubator really belies the spectacle that attended the beginning of his tenure at the search giant. Lee’s train-hopping from Microsoft to Google back in 2005 touched off a five-month pitched battle marked by all manner of inanities and expletive-laden outbursts.
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.
A quick but noteworthy follow-up to my earlier post about the incredible gain in market cap Palm made in the last year. Palm’s valuation is actually higher than the $1.95 billion I quoted earlier. Quite a bit higher, it turns out.
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.
Apparently, fear of a deepening recession alone isn’t enough to maintain tech worker loyalty these days–mounting job losses be damned. This week, Google repriced millions of employee stock options that had gone underwater as the company’s share price declined. Now eBay hopes to do the same. The reason: employee retention.
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.
It’s taken nearly a year, but Google has finally decided on a replacement for departing CFO George Reyes. Bell Canada executive Patrick Pichette, who served as the company’s president of operations and CFO, will take over for Reyes on Aug. 12.
The sigh of relief Apple’s leadership breathed earlier this week when a U.S. District Court dismissed a shareholder lawsuit over the company’s back-dating of option awards turned into a panicked gasp this morning when shareholders announced plans to refile it.
Seems that when Judge Jeremy Fogel rejected the suit on the grounds that it was based [...]
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 [...]
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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