Apple stock option backdating scandal
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.
Henry Nicholas isn’t just another tech-boom billionaire charged with backdating stock options. She grew up in Los Angeles, and people who know her describe her as “very nice”—the same words people use to describe Henry Samueli. She seemed innocent and demure—one friend described her as “super naïve”—and was athletic enough to keep up with Nicholas on long bike rides. In 1993, the couple’s first son, Brett, was born, followed by a second son, Matthew, and in 1998, a daughter, Shelby.
All the drive, arrogance, and aggression he poured into building microchip-maker Broadcom—one of the major success stories of the Internet Age—morphed into an increasing obsession with sex and drugs, according to federal prosecutors. Leach was a screenwriter and teacher who was best known for his scripts for the television series But the obituaries also prominently mentioned the fact that Leach’s stepson was Henry Nicholas, the 49-year-old co-founder of a staggeringly successful semiconductor company called Broadcom. In 1988, Samueli began to consult part-time for another start-up company, Pair Gain Technologies.
Shkreli gained notoriety in 2015, when he was head of Turing Pharmaceuticals, for increasing the price of a life-saving drug from .50 to 0 per pill.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.Broadcom is among Gartner's Top 10 Semiconductor Vendors by revenue. In 2012, Broadcom's total revenue was .01 billion. 327 on the Fortune 500, having climbed 17 places from its 2012 ranking of No. Broadcom shareholders will hold 32% of the new Singapore-based company to be called Broadcom Limited.Hock Tan, Avago President and CEO, will be the new CEO of the new combined company. Samueli will be Chief Technology Officer and member of the combined company's board. Nicholas will serve in a strategic advisory role within the new company.