Broadcom gives "backdating" a whole new meaning

After the SEC accused Henry Nicholas and Henry Samueli, founders of chipmaker Broadcom, of illegally backdating stock options for five years, Samueli stepped down as board chairman and CTO. Nicholas had stepped down from his post as CEO in 2003 amidst allegations of having a drug habit and flying friends and prostitutes from around the country to an underground party lair he'd built in his home.

Samueli, pictured above in his role as owner of NHL's Anaheim Ducks, denied any wrongdoing in a statement. Nicholas could not be reached as he is reportedly now at the posh Betty Ford clinic undergoing rehabilitation for substance abuse. The suit also names former CFO William Ruehle and current general counsel David Dull, seeking a return to shareholders of "ill-gotten gains" and to bar all four principals from serving in any public company. (Photo by AP/Lawrence Jackson)