Securities Law Prof Blog

Editor: Eric C. Chaffee
Univ. of Toledo College of Law

A Member of the Law Professor Blogs Network

Tuesday, May 8, 2007

Marvell Technologies Shake-Up Results from Stock Option Probe

Heads are rolling at Marvell Technologies Group, as a special board investigation found numerous instances of stock options back-dating.  Matthew Gloss, General Counsel of the U.S. subsidiary, wa fired, the CFO has resigned, and the board has urged the CEO to give up the position as chairman of the board.  The COO will step down to a lower position in the company and resign as director.  See WSJ, Marvell's Finance Chief Resigns in Wake of Probe.

http://lawprofessors.typepad.com/securities/2007/05/marvell_technol.html

News Stories | Permalink

TrackBack URL for this entry:

http://www.typepad.com/services/trackback/6a00d8341bfae553ef00d83501202053ef

Listed below are links to weblogs that reference Marvell Technologies Shake-Up Results from Stock Option Probe:

Comments

Post a comment