SEC charges former Broadcom executives with backdating

The U.S. Securities and Exchange Commission has charged two current and two former officers of semiconductor vendor Broadcom for their alleged participation in a supposed five-year scheme to backdate stock options granted to almost all of the company's employees. ...continue reading 'SEC charges former Broadcom executives with backdating'

Ex-Brocade CEO Reyes gets 21 months in backdating case

Former Brocade Communications Systems CEO Gregory Reyes has been sentenced to 21 months in prison and a $15 million fine for fraud related to backdating of the storage networking company's stock options. ...continue reading 'Ex-Brocade CEO Reyes gets 21 months in backdating case'