Marvell option backdating
her fourth consecutive year on Forbes list of "The World's Most Powerful Women." On Aug. Dai received a Gold recognition for "Technology Executive of the Year" from the 2015 International Best in Biz Awards.to the Securities and Exchange Commission over charges of false financial information to investors by improperly backdating stock option grants to employees, totaling million and 0,000 respectively.Last week, federal investigators announced criminal charges against former executives of Brocade Communications Systems, and they're hinting that more cases may be on the way.Meanwhile, Silicon Valley's top lawyers are scrambling to assuage their clients' fears, and the U. Security and Exchange Commission has said that the investigation will expand beyond technology companies to other publicly traded outfits.If you have a coupon to buy a Ferrari for 0,000, and the market price of the car is 0,000, your coupon is worth ,000.But if you're lucky enough to have a coupon that lets you buy a Ferrari for a mere ,000, your piece of paper would have a far more handsome market value of ,000. If an executive is able to change the grant date of an option retroactively--for instance, to when the stock was trading at a lower price--the options become more lucrative. Stock options by themselves are not problematic or controversial. One method academics have used to measure the pervasiveness of backdating is to review stock option grants to executives to see if an unusual number are clustered around dates when the stock is trading at a low value.
A woman's natural talent is design, and the look and feel, and making these things fit into our lifestyles.In addition, Antonio Canova, Brocade's former chief financial officer, is facing civil charges. The FBI has not alleged that Reyes backdated stock options for his own financial benefit.Rather, he's accused of backdating stock options to lure an unnamed employee to take a "high-level sales position." An FBI affidavit says Reyes told Jensen to backdate an offer letter by more than two months to benefit from a more favorable share price in late 2001.Dai served as chief operating officer, executive vice president, and general manager of the Communications Business Group at Marvell.She was corporate secretary of the board and currently serves as a director of the board at Marvell Technology Group Ltd.