Lie Discusses Backdating Prosecutions
Bookmark & ShareMay 7, 2007
Source: TechNews World
Marvell Technology Group announced several changes to its leadership after an internal investigation found that stock options grants were routinely backdated, the company announced Monday. The firm indicated that more changes could be on the way. Like many technology companies caught up in options scandals, Marvell has been able to prevent any damage to its core business, University of Iowa business professor ERIK LIE told the E-Commerce Times. While investigators are not likely to back off because a company takes strong action on its own, the SEC and prosecutors have not shown a desire to aggressively tackle multiple options cases, he said. "It's more likely that regulators will make examples of some high-profile companies and send a message that going forward, better controls are needed," Lie noted.
Contact: Erik Lie, ,
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