Or did a lot of CEOs just have amazingly good luck?A stock option gives the recipient the right to purchase stock at a set price.At the time of the announcement, the co-acting regional director of the SEC’s San Francisco office stated, among other things, that [the SEC] did not believe that the [lack of] cooperation and remediation [shown by Marvell] merited a whole lot of credit in terms of giving [Marvell] a break.Marvell restated its financial results, and stated that Dai will no longer be executive vice president, chief operating officer, and a director but continue with the company in a non-management position.
Here's a look at companies that have come under scrutiny for past stock-option grants and practices.
Intel agreed to sell the XScale business to Marvell for an estimated USD 600 million in cash and the assumption of unspecified liabilities. Google's Chromecast products are powered by Marvell So Cs.
Namely the Marvell ARMADA 1500 Mini So C (88DE3005) for the Chromecast 1st gen and Marvell ARMADA 1500 Mini Plus So C (88DE3006) for the Chromecast 2nd gen & Chromecast audio.
Readers interested in keeping up to date on the number of lawsuits will want to check back frequently.
The running tallies below are meant to include a listing of any company that has been sued based on allegations of options timing manipulations, regardless whether the allegations are based on options backdating, options springloading, or hiring-related options timing.