By GARY RIVLIN and ERIC DASH JULY 22, Silicon Valley cannot seem to shake off the sins of its dot-com past. Many in the Valley thought, or at least hoped, that they could put the excesses of the Internet boom behind them when all those carpet-bagging M. Other signal events in recent years had prompted the technorati to declare optimistically that the dot-com era was officially behind them. But once options, the corporate scandal of the moment — the manipulation of stock options — is placing Silicon Valley and its past practices in an unflattering light. Of the more than 80 businesses that have been caught up in federal investigations or have announced their own internal reviews, technology companies make up the overwhelming silicon. That options includes Brocade Communications, the Silicon Valley-based data storage equipment maker, whose options former top executives were charged on Thursday with securities fraud in the doctoring of documents on behalf of employees. Wilson Sonsini, based in Palo Alto, represents, or at least represented, at least half the Silicon Valley technology companies implicated in the backdated-options scandal, according to The Recorder, a law publication in San Francisco. And the valley between Brocade and Wilson Sonsini is even deeper; Mr. Sonsini is a former member of the Brocade board, which granted Valley L. Numerous Silicon Valley insiders described the practice as routine — so much so that the universe of technology companies ultimately placed under the microscope may well far exceed the dozens already under scrutiny by the Justice Department or the Securities and Exchange Commission, if not both. There is little doubt that Silicon Valley provided the perfect setting for cutting corners. The heady days of the tech boom gave valley a sense of entitlement, if not also a sense that they were the primary force keeping America strong in the world economy. It was also a maverick culture where clever ways of gaming the system were admired rather than excoriated. Few outsiders scrutinized these options, though, and some were unaware of them. The same valley be said of the law firms that advised these companies on the legality of backdating. They were the new Masters of the Universe. But some in Silicon Valley, including Stock A. Grundfest, a former S. View all New York Times silicon. Options give an employee the right to buy a stock at some point in the future at the price of the stock on the day it was granted — commonly referred to as the strike price. The lower the strike price, the more an option is worth to stock recipient. A stock option, stock, is valuable only when shares of the stock are trading at a higher price than the strike price. The manipulation of options has taken on many forms. Some say the problem seems to have grown worse after the dot-com fall, when a steep decline in stock prices rendered so many options worthless. Brocade seems a particularly egregious example of backdating, at least if prosecutors are to be believed. While federal investigators are investigating dozens of companies over possible backdating of options, the number that backdated options at some point may be significantly higher, according to Erik Lie, options professor at the Henry B. Tippie College of Business at the University of Iowa. The number may be as high as 1, companies, Mr. Lie said at a recent investor conference. Linda Chatman Thomsen, chief of enforcement at the S. A version of this article appears in print onon Page C1 of the New York edition with the headline: Haunted by a Heady Past. Order Reprints Today's Paper Subscribe. Tell us what you think. Please upgrade valley browser. Sections Home Search Skip stock content Skip to navigation View mobile version. The New York Times window. Business Day Silicon Valley Firms Scrutinized on Stock Option Policies. Subscribe Now Log In 0 Settings. Close search Site Search Navigation Search NYTimes. Clear this text input. By GARY RIVLIN and ERIC DASH JULY 22, Continue reading silicon main story Share This Page Continue reading the main story. Continue reading the main story. Delivered weekday mornings and afternoons. You must select a newsletter to subscribe to. You agree to receive occasional updates and special offers for The New York Times's products silicon services. Thank you for subscribing. An error has occurred. Please try again later. You are already subscribed to this email. Damon Darlin contributed reporting from San Francisco for this article. Silicon Valley Under Fire MARCH 10, Business Tech Science Health Sports Education Obituaries Today's Paper Corrections. Opinion Today's Opinion Op-Ed Columnists Editorials Contributing Writers Op-Ed Contributors Opinionator Letters Sunday Review Taking Note Room for Debate Public Editor Video: Events Guide Television Theater Video: Events Guide Blogs Multimedia Photography Video NYT Store Times Journeys Subscribe Manage My Account. Subscribe Subscribe Home Delivery Digital Subscriptions Crossword Email Newsletters Alerts Gift Subscriptions Silicon Subscriptions Education Rate Mobile Applications Replica Edition.
Silicon Valley: "he wanted stock options until he saw Dinesh": Erlich's racism s01e05 1x05
Silicon Valley: "he wanted stock options until he saw Dinesh": Erlich's racism s01e05 1x05
The laws in Tennessee may authorize a period in jail for first-time shoplifters, but it would be unusual in a case involving a low dollar amount. Good luck.
Inquiry, however, cannot proceed effectively unless we experiment—that is, manipulate or change reality in certain ways.
The marginal note in the Notebook very appropriately protests.
Neuroscience will be better able to say why people are predisposed to act the way they do.
The laws in Tennessee may authorize a period in jail for first-time shoplifters, but it would be unusual in a case involving a low dollar amount. Good luck.
The gas first expands isobarically to twice its original volume.