Blocade backdating

29-Jan-2020 17:26

In a letter to Fortune Magazine she told an editor that she, as well as other high-ranking members of the finance department, had been aware of the practice of backdating stock options to rank-and-file employees.

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Reyes resigned from Brocade when he was indicted by the U. government for accounting irregularities associated with corporate stock options backdating.

As CEO of Brocade Communications, Reyes sold SAN (storage area network) infrastructure to a number of companies, including IBM, EMC Corp., Compaq, Dell, NEC, and HP.