Broadcom backdating scandal


23-Aug-2020 21:57

announced that it will have to restate 19 earnings and double its expenses to at least

announced that it will have to restate 19 earnings and double its expenses to at least $1.5 billion as a result of the stock options backdating scandal.

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announced that it will have to restate 19 earnings and double its expenses to at least $1.5 billion as a result of the stock options backdating scandal.

The $1.5 billion expense figure is more than twice the $727.5 million in total net income Broadcom reported for its four profitable years since going public in 1998, according to data compiled by Bloomberg.

The latest caper looming over the technology sector makes us long for the days when HP spied on reporters and Oracle went slumming through Microsoft's garbage.

.5 billion as a result of the stock options backdating scandal.

The

announced that it will have to restate 19 earnings and double its expenses to at least $1.5 billion as a result of the stock options backdating scandal.

||

announced that it will have to restate 19 earnings and double its expenses to at least $1.5 billion as a result of the stock options backdating scandal.

The $1.5 billion expense figure is more than twice the $727.5 million in total net income Broadcom reported for its four profitable years since going public in 1998, according to data compiled by Bloomberg.

The latest caper looming over the technology sector makes us long for the days when HP spied on reporters and Oracle went slumming through Microsoft's garbage.

.5 billion expense figure is more than twice the 7.5 million in total net income Broadcom reported for its four profitable years since going public in 1998, according to data compiled by Bloomberg.

The latest caper looming over the technology sector makes us long for the days when HP spied on reporters and Oracle went slumming through Microsoft's garbage.

His story notes that Nicholas is currently being investigated in relation to one of the stock options probes now so familiar to Silicon Valley companies.

The additional stock-based compensation adjustments are all non-cash and will not change our reported revenues or net shareholders’ equity.

We are working with outside counsel and auditors to complete the detailed analysis necessary to bring the restatement process to an expeditious conclusion.

(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

His story notes that Nicholas is currently being investigated in relation to one of the stock options probes now so familiar to Silicon Valley companies.

The additional stock-based compensation adjustments are all non-cash and will not change our reported revenues or net shareholders’ equity.

We are working with outside counsel and auditors to complete the detailed analysis necessary to bring the restatement process to an expeditious conclusion.

(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.

||

His story notes that Nicholas is currently being investigated in relation to one of the stock options probes now so familiar to Silicon Valley companies.The additional stock-based compensation adjustments are all non-cash and will not change our reported revenues or net shareholders’ equity.We are working with outside counsel and auditors to complete the detailed analysis necessary to bring the restatement process to an expeditious conclusion.(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.

bn in Broadcom stock.

broadcom backdating scandal-58

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(Nicholas left Broadcom in 2003.) All in all, it's been a rough few months for Nicholas.Kato made things even worse by filing a lawsuit against Nicholas, which now seeks m for a variety of things, including compensation for work done as Nicholas' aide-cum-bodyguard and emotional distress. According to Kato's lawsuit, Nicholas used to stroll into Kato's bedroom at 3 a.m.



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