SiliconBeat: First Silicon Valley exec charged in options scandal

First Silicon Valley exec charged in options scandal

Greg Reyes

Gregory Reyes, former head of San Jose' Brocade Communications, just became the first chief executive charged by federal authorities in the widening options backdating scandal.

Here is Merc story.
Here is the complaint
Here is other recent coverage.

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Comments

Matt
This smells of politics more that anything else. Lets find a scapegoat and set an example. Greg Reyes from all I have read and I met him twice, was mostly nice and personable. There were some issues that I can clearly see in the report by the Justice Department, but this seems to be just a way to assuage potential backlash from investors.

Mukund
http://blog.vangal.com

Mukund Mohan on July 20, 2006 9:11 PM
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Good work merc news. Reading in between the lines, this is one executive who is not technical like Gates or Grove but one who is at a minimum a man with a few tricks up his sleeve. Getting sued by ex-employees is not a good sign, regardless of guilt. I applaud the action of the US Attorney in this case and in exposing the fraud to the public.

asdf3333 on July 21, 2006 2:25 PM
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