Did Apple's Ex-CFO Rat Out Steve Jobs?
Forbes has a cover story on how Steve Jobs got himself in hot water with the SEC over stock options. The magazine is part-owned by former Apple CFO Fred Anderson. Do the math.
Lawyers nix champagne amid popped bubble
It may be time to put a cork in Silicon Valley's most famous law firm. Wilson Sonsini is no longer celebrating its new attorneys with champagne. That trimmed perk is just the beginning of its woes.
Apple's former top lawyer settles options-backdating case for $2.2 million
Nancy Heinen, former general counsel for Apple, has reached a settlement with the Securities and Exchange Commission. She neither admits nor denies wrongdoing over charges that she forged board documents to backdate executive stock options — instead, she gets to avoid a trial. Heinen also agrees to pay $2.2 million…
Steve Jobs accused of fraud in class-action suit
Last Friday, shareholder plaintiffs filed suit against San Jose District Court against Apple CEO Steve Jobs, former CFO Fred Anderson, ex-general counsel Nancy Heinen, and members of the company's board of directors looking to reclaim the $7 billion in lost stock value when the company restated its financials in the…
Henry Nicholas pleads not guilty on fraud and drug charges
Nevermind the multiple witnesses to Broadcom co-founder Henry Nicholas' drug and prostitute habit. Nevermind the $2 billion restatement of earnings by Broadcom over backdated stock options. Dr. Henry T. Nicholas, still worth $2 billion himself while staying at a $60,000 plus substance abuse treatment clinic in…
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…
Former Monster president charged with winkling $13.5 million from shareholders
Federal prosecutors allege former Monster.com president and COO James Treacy bolstered the value of his company stock options through illegal backdating, which is when executives retroactively fix the books so it looks like they were granted company shares at a lower value than where they actually traed, increasing…
Google discloses ex-Pixar CFO's legal trouble — but Disney doesn't
The stock-options backdating scandal, which bored Silicon Valley the day the SEC first announced its investigations, continues. The latest to disclose a brush with the law: Google. Google has not been accused of misleading investors by moving up the grant date of stock options, making them more profitable for the…
One more dead: KLA's founder-chairman is the latest backdating casualty
The founder and chairman of semiconductor equipment maker KLA-Tencor retired today over a stock option backdating scandal. Kenneth Levy (pictured) had been with the company for over 20 years. KLA will re-price backdated options that he and other KLA executives hold. The Wall Street Journal notes that a May article…
Out of options: Dozens of companies could lose their CEOs — but not Apple
Even the dead cheat at stock options
Cablevision Systems Corp., the fifth-largest U.S. cable-television provider, awarded stock options to a dead executive in 1999, then backdated them to give the illusion they were granted when he was alive.
Israel, yeah, that's a safe place to run right now
Oh, the move the New York Times is alluding to is a stock options backdating scandal, whereby ex-Comverse head Jacob Alexander allegedly manipulated his stock options illegally in America, netting himself tens of millions of dollars.
