stories filed under: "backdating"
by Mike Masnick
Thu, Jun 5th 2008 8:30pm
While the good folks over at Valleywag might have you believe otherwise, most tech execs lead rather boring lives. There aren't that many "scandals" that happen around these parts -- and the ones that do happen, tend to be rather mundane. Some stock option backdating and maybe a bit of lying on the old resume, seem to be about as scandalous as it normally gets. But Henry Nicholas of Broadcom apparently decided to go with the more made-for-Hollywood sort of scandal. There is the option backdating issue here, but that's nothing compared to the fact that he's now been indicted for also keeping a warehouse full of drugs which he used for things like putting ecstasy in other tech execs' and customers' drinks, as well as supplying speed, cocaine and pot to tech execs. And then there were the prostitutes. Oh yeah, and the sex lair that leaked to the press last year. There's definitely a movie coming out of all of this one day. In the meantime, though, I think I prefer the Silicon Valley with more mundane executive scandals.