Apple stock option backdating scandal
Wes is the founder of Alpha Architect, a firm which manages quantitative equity strategies for clients using factors like value and momentum.
He also advocates for a more concentrated, pure approach to factor investing, which listeners know is music to my ears." [audio]"We've seen this act before.
If you didn't own the nifty 50 stocks in the early 1970s, you underperformed and, thus, money continued to go into them.
If you were a growth stock manager in 1998-1999 and you were not buying 'net' stocks, you underperformed and were fired.
Nicholas was charged with securities fraud for his role in an alleged scheme in which Broadcom deceived its shareholders about how much it was paying employees by lying about the timing of stock-option grants. Nicholas never talks about Marsalee’s murder, even to close friends, but over the years he has devoted time and considerable money to the cause. He based the company not in Silicon Valley, where everyone else was, but in Orange County, the sun-drenched suburban sprawl just south of Los Angeles.
According to the government, the company’s former chief financial officer, Bill Ruehle, who was also indicted, had referred to the scheme as the “golden goose,” and, indeed, for years this practice served to wildly inflate the profits Broadcom reported to the public. Henry Nicholas met Henry Samueli in the early 1980s when the two men were working at a defense contractor called TRW. At a time when dress codes were ostentatiously casual, Nicholas wore three-piece suits—and insisted that others at Broadcom suit up as well. circles, group people into 16 different personality types, to which Keirsey gives labels, such as the Healer and the Inspector; Masterminds make up just 1 percent of the population.) Masterminds are supposed to be calculating perfectionists who have a disregard for authority—as well as for the feelings of others.
He added, “Nick is seeing the value of life, weighed against the death of his father.”But Nicholas, whose full name is Dr. For at least the past year, he had worried that federal prosecutors were investigating him, and indeed they were. In November 1983, Marsalee was murdered by an ex-boyfriend, who had been stalking her. Samueli, who is an academic at heart, left TRW in 1985 to become a professor. One Pair Gain employee used to say that he was convinced that one day he would pick up the paper and see that Nicholas had been found, a pile of bones and flesh, at the bottom of a 10-story building—not because he had committed suicide, but because he had tried to fly.
In 1998, Broadcom became a public company on the NASDAQ exchange (ticker symbol: BRCM) and now employs approximately 11,750 people worldwide in more than 15 countries.The new merged entity is named Broadcom Limited but inherits the ticker symbol AVGO. In May 2016 Cypress Semiconductor announced that it will acquire Broadcom Corporation's full portfolio of Io T products for 0 million.Under the deal, Cypress acquires Broadcom's Io T products and intellectual property for Wi-Fi, Bluetooth and Zig Bee connectivity, as well as Broadcom's WICED platform and SDK for developers.More and more money went into fewer and fewer stocks.Today you have a similar case with the FANG stocks.
