Friday, July 21, 2006

Ex-CEO Charged in Backdating Probe, as SEC Weighs Others' Conduct:

The SEC has announced civil and criminal charges against the former CEO and HR manager of Brocade Communications Systems related to backdating of options grants.

The criminal aspect of this may prove to be interesting, as companies and commentators start to downplay the "intent" and "self-enrichment" aspect of the grants.
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