Another one bites the dust.
Bob Morris @ Sep 20th 2006 08:36 - Category: Unfiled
Broadcom CFO resigns abruptly over options probe
An internal investigation at Broadcom shows 1.5 billion in backdated options, the largest amount found at any company so far, something that will force them to restate their income massively for the past several years.
An executive for the company say they deeply appreciate the ex-CFO for being “strong and ethical” - after he apparently got heaved out the window. Hmm, will his presumed golden parachute help cushion his fall? Depends on whether or not he gets indicted, I suppose.
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bitacle.org on 20 Sep 2006 at 1:15 pm #
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