Valleywag
The stock-options backdating scandal, which bored Silicon Valley the day the SEC first announced its investigations, continues. The latest to disclose a brush with the law: Google. Google has not been accused of misleading investors by moving up the grant date of stock options, making them more profitable for the executives who received them. But Google board member Ann Mather, the former CFO of animation studio Pixar, has, and the SEC is now initiating legal proceedings against her.
Here's what's odd: Pixar is now owned by Disney, which cleared everyone "currently associated" with the company of wrongdoing. That includes Steve Jobs, Pixar's former CEO, now a Disney board member, but leaves Mather out in the cold. So far out that Disney itself hasn't disclosed her legal jeopardy to its own shareholders — the people whose Mather's Pixar backdating most affected.
Comments
Owen, I usually read your posts first since they are so well written. But, um, Ann joined one company and then did something at that other company and then that other company didn't tell but her current company did tell... Why can't they just hump and get it over with?
@WagCurious: Exactly.
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