Broadcom backdating scandal

The suit, filed in federal court in Santa Ana, said the fraud involved as many as 88 options grants. “I will, however, continue to remain an employee of the company in the role of technology advisor to the CEO,” he said.The SEC named as defendants two other key players in Broadcom’s ascent to the giddy height of success during the dot-com boom: former Chief Financial Officer William J. “I also remain fully committed to pursuing energetically my family philanthropic endeavors as well as our other family business activities including the Anaheim Ducks.”The SEC seeks to bar all four from ever serving as officers or directors of public companies.A copy of the lawsuit obtained by shows Kato accusing Nicholas of carrying a concealed weapon with him at all times, performing Judo chops while standing close to others, threatening people like an angry drill sergeant and vowing to "make people disappear" using contacts formed through work with the Defense Department. Nicholas forced Kato to keep a large supply of drugs on hand at all times as well, to "look the other way" when Nicholas spiked clients' drinks with drugs and to bring prostitutes around for clients' entertainment, according to the lawsuit.Kato worked for Nicholas for several years and forged a "parent-son bond" with his employer.(Broadcom has taken more than bn in charges for backdating options grants.) He's also involved in a divorce-based feud with his wife over more than

The suit, filed in federal court in Santa Ana, said the fraud involved as many as 88 options grants. “I will, however, continue to remain an employee of the company in the role of technology advisor to the CEO,” he said.The SEC named as defendants two other key players in Broadcom’s ascent to the giddy height of success during the dot-com boom: former Chief Financial Officer William J. “I also remain fully committed to pursuing energetically my family philanthropic endeavors as well as our other family business activities including the Anaheim Ducks.”The SEC seeks to bar all four from ever serving as officers or directors of public companies.A copy of the lawsuit obtained by shows Kato accusing Nicholas of carrying a concealed weapon with him at all times, performing Judo chops while standing close to others, threatening people like an angry drill sergeant and vowing to "make people disappear" using contacts formed through work with the Defense Department. Nicholas forced Kato to keep a large supply of drugs on hand at all times as well, to "look the other way" when Nicholas spiked clients' drinks with drugs and to bring prostitutes around for clients' entertainment, according to the lawsuit.Kato worked for Nicholas for several years and forged a "parent-son bond" with his employer.(Broadcom has taken more than $2bn in charges for backdating options grants.) He's also involved in a divorce-based feud with his wife over more than $1bn in Broadcom stock.(Nicholas left Broadcom in 2003.) All in all, it's been a rough few months for Nicholas.But Kato is apparently really, really upset about the behavior now that he's had a chance to reflect on Broadcom's Dionysian period.

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The suit, filed in federal court in Santa Ana, said the fraud involved as many as 88 options grants. “I will, however, continue to remain an employee of the company in the role of technology advisor to the CEO,” he said.

The SEC named as defendants two other key players in Broadcom’s ascent to the giddy height of success during the dot-com boom: former Chief Financial Officer William J. “I also remain fully committed to pursuing energetically my family philanthropic endeavors as well as our other family business activities including the Anaheim Ducks.”The SEC seeks to bar all four from ever serving as officers or directors of public companies.

A copy of the lawsuit obtained by shows Kato accusing Nicholas of carrying a concealed weapon with him at all times, performing Judo chops while standing close to others, threatening people like an angry drill sergeant and vowing to "make people disappear" using contacts formed through work with the Defense Department. Nicholas forced Kato to keep a large supply of drugs on hand at all times as well, to "look the other way" when Nicholas spiked clients' drinks with drugs and to bring prostitutes around for clients' entertainment, according to the lawsuit.

Kato worked for Nicholas for several years and forged a "parent-son bond" with his employer.

bn in Broadcom stock.(Nicholas left Broadcom in 2003.) All in all, it's been a rough few months for Nicholas.But Kato is apparently really, really upset about the behavior now that he's had a chance to reflect on Broadcom's Dionysian period.

It was the biggest restatement among 250 companies that have reported possible problems with stock option grants.[Seriously, is that meant to make us think Kato is into drugs or gay jocks? September 8, 2006 (PLANSPONSOR.com) - Chipmaker Broadcom Corp.Seeking the best and brightest during the tech boom, Broadcom Corp. Nicholas III and Henry Samueli tossed out millions of stock options to attract and reward favored employees, whose Porsches and Lamborghinis gleamed in the parking lot as they worked late into the night.On Wednesday, federal regulators accused the Orange County billionaires of manipulating the options illegally for five years.

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