Stock Options Backdating Practices Continue to Haunt Silicon Valley and Cause Management Team Shake Ups

In the latest on the stock options backdating front, chip maket Marvell Technology Group Ltd. said today its chief financial officer resigned and its operating chief will step down as part of a management shakeup after the board found a pattern of abuse in the granting of stock options.

For more on this story, see Wall Street Online Journal.

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One Response

  1. i never could never figure why backdating is so hard to stop, and / or, why anyone would want to risk it. This is out-and-out fraud.

    Why not go back to stock options rollover-rigging, as was such common practice in the 1990s hi-tech stock boom? That’s so much easier to keep under the umbrella of “legal” crime.

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