BEARING DOWN — Probes of Backdating Move to Faster Track

Stock-Option Emails
At Broadcom Are Focus;
Monster Worldwide Plea


On Jan. 4, 2002, the chief financial officer of Broadcom Corp. tapped out an email about stock options to his chief executive and others.

“I VERY strongly recommend that these options be priced as of December 24,” he wrote.

They were, and that was fortunate for recipients. Broadcom’s share price rose 23% between the two dates. The pretense that the options had been granted on the earlier date made them extra valuable.

For the rest of the article, see Wall Street Online Journal.


Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: