The Securities and Exchange Commission has charged two current and two former key executives of chipmaker Broadcom with backdating stock options.
The SEC announced Wednesday it had filed a federal complaint against Chairman and Chief Technology Officer Henry Samueli and general counsel David Dull, as well as former Chief Executive Officer Henry Nicholas and former Chief Financial Officer William Ruehle. The chipmaker later announced that Samueli and Dull had taken leaves of absence from their positions until the matter is resolved.
Samueli, who co-founded the company, also resigned as chairman of the board. The board appointed director John Major to … Read more