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Palmâs Colligan Said to Snub Jobsâs Recruiting Offer
,----[ Quote ]
| Former Palm Inc. Chief Executive Officer Ed Colligan rejected a proposal from
| Apple Inc.âs Steve Jobs to refrain from hiring each otherâs employees two
| years ago, calling it wrong and âlikely illegal,â according to their
| communications.
`----
http://www.bloomberg.com/apps/news?pid=20601109&sid=ahgf6sIeFZ4c
Palm rejected Jobs's 'no poaching' Applers offer
,----[ Quote ]
| Two years ago, Apple chief exec Steve Jobs suggested to Palm's then-CEO Ed
| Colligan that the two companies agree not to hire each other's employees.
| Colligan reportedly refused, saying such a deal would be "likely illegal".
`----
http://www.theregister.co.uk/2009/08/20/palm_declined_jobs/
Related:
Apple options backdating litigation still not over
,----[ Quote ]
| Just when Apple watchers thought the backdated options issue was on the verge
| of being put to bed, another suit is taking the limelight.
`----
http://www.itwire.com/content/view/20658/1054/
Apple agrees to pay itself $14m
,----[ Quote ]
| After an internal investigation, the company blamed ex-financial chief Fred
| Anderson and ex-general council Nancy Heinen for the trouble. Anderson
| settled with the SEC for $3.5m without admitting wrongdoing, and Heinen paid
| $2.2m just last month for a similar arrangement.
`----
http://www.theregister.co.uk/2008/09/11/apple_proposed_derivative_settlement/
Former Apple lawyer settles options case with SEC
,----[ Quote ]
| Former Apple general counsel Nancy Heinen has settled with the SEC over
| charges that she improperly backdated stock options at the company.
`----
http://news.cnet.com/8301-13579_3-10017199-37.html?part=rss&subj=news&tag=2547-1_3-0-20
Ex-Microsoft boss sentenced
http://seattlepi.nwsource.com/business/371393_msftcourt19.html
Broadcom boss will be jailed
,----[ Quote ]
| IN A MOVE that will send a shiver through the IT business community, a
| federal judge has decided that conning cash out of shareholders using dodgy
| backdating will get you sent to jail.
`----
http://www.theinquirer.net/feeds/rss/generic/en/GB/inq/latest/gb/inquirer/gb/inquirer/news/2008/09/09/broadcom-boss-jailed
SEC charges Broadcom founder, gen counsel
,----[ Quote ]
| The men schemed from 1998 to 2003 to secretly backdate stock option grants,
| which forced the company to eventually restate its financial results and
| report more than $2 billion in extra compensation expenses, the SEC said in a
| statement.
`----
http://uk.reuters.com/article/technology-media-telco-SP/idUKN1451854920080515
Oracle's Ellison Withheld E-Mails in Suit, Judge Says (Update2)
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| Oracle Corp. Chief Executive Officer Larry Ellison deliberately destroyed or
| withheld e-mails and failed to preserve tape recordings that should have been
| turned over to lawyers for shareholders suing him, a judge ruled.
|
| U.S. District Judge Susan Illston in San Francisco said yesterday that the
| e-mails, as well as recordings of interviews for a book about Oracle founder
| Ellison called ``Softwar,'' were willfully withheld. Ellison and Oracle knew
| the material was potentially relevant to claims that they made false
| statements about the company's 2001 second-quarter financial results and
| problems with a software product, Illston said.
`----
http://www.bloomberg.com/apps/news?pid=20601103&sid=a9OHBiyXHVPQ&refer=us
Novell fraud lawsuit settled for $13.9M.
,----[ Quote ]
| After more than seven years in the courts, Novell will spend $13.9 million to
| make a securities fraud class-action lawsuit go away.
`----
http://goliath.ecnext.com/coms2/gi_0198-225344/Novell-fraud-lawsuit-settled-for.html
Microsoft's Accounting Under Scrutiny
,----[ Quote ]
| The company has still not made enough information public to provide analysts
| with detailed information on the profitability of its MSN Internet business,
| Mr. Galvin said, adding, ''There's still room for them to obfuscate.''
`----
http://query.nytimes.com/gst/fullpage.html?res=9A03E1DC173DF932A35754C0A96F958260
Microsoft - Undeserving of Libertarian Praise
,----[ Quote ]
| One strategy that Microsoft has employed in the past is paying for the
| silence of people and companies. Charles Pancerzewski, formerly Microsoft's
| chief auditor, became aware of Microsoft's practice of carrying earnings from
| one accounting period into another, known as "managing earnings". This
| practice smoothes reported revenue streams, increases share value, and
| misleads employees and shareholders. In addition to being unethical, it's
| also illegal under U.S. Securities Law and violates Generally Accepted
| Accounting Practices (Fink). Mr. Pancerzewski claims he was forced to retire,
| for raising the issue of deferred earnings with Microsoft executives, thereby
| making plausible deniability more difficult for said executives. He has since
| sued Microsoft, who responded by settling out of court, but also sealing the
| records to prevent public disclosure (Fink).
`----
http://www.kuro5hin.org/story/2002/8/20/11034/3908
Microsoft Agrees To Refrain From Accounting Violations in SEC Settlement
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| Microsoft has agreed to refrain from accounting violations to settle federal
| regulators' allegations that it misrepresented its financial performance, the
| government announced Monday.
|
| Under a settlement with the Securities and Exchange Commission, the software
| giant neither admitted to nor denied wrongdoing. No fine was imposed.
|
| The SEC alleged that Microsoft's accounting practices from July 1994 through
| June 1998 caused its income to be substantially misstated.
`----
http://www.crn.com/it-channel/18819490
"Microsoft Tax," MSN Enters the Black Hole, New Names for NT
,----[ Quote ]
| The lawsuit, filed last year by Mukilteo City Councilman Charles
| Pancerzewski, alleges that he was forced to resign as Microsoft's general
| auditor in January 1996 after working for the company's internal auditing
| department for more than four years. The suit claims that a "significantly
| younger man" with little auditing experience was picked to replace
| Pancerzewski, who was finally forced out because he discovered Microsoft
| might have been violating government regulations. Once Pancerzewski left the
| company he was replaced by the younger man, who his attorneys believe
| was "less prone to raise issues of possible legal improprieties which could
| threaten or embarrass Microsoft or its management.
`----
http://www.msboycott.com/news/98_06_22.shtml
SEC Investigating Microsoft Practices -- Earnings Manipulated, Former Employee
Contends
,----[ Quote]
| "The CFO to whom Charlie was reporting his concerns about illegality was the
| biggest advocate for the very illegality that was going on," Vial argued in
| court a year ago.
`----
http://community.seattletimes.nwsource.com/archive/?date=19990701&slug=2969514
Microfraud?
,----[ Quote ]
| THE ALLEGATIONS WERE shocking: For years, Microsoft has systematically
| distorted its profit figures in an effort to consistently beat Wall Street
| expectations and keep its stock price steadily rising. The false reports
| would violate SEC regulations, and amount to outright fraud.
|
| More shocking was the source of the allegations: Microsoft's chief of
| internal audits, Charlie Pancerzewski, who reported directly to the company's
| chief financial officer.
|
| Most shocking of all was what happened to Pancerzewski when he reported the
| suspicious bookkeeping to his supervisors, Microsoft CFO Mike Brown and chief
| operating officer Bob Herbold, in the spring of 1995. Soon afterward,
| Pancerzewskiâwho for nearly five years had received stellar performance
| evaluationsâreceived his first-ever unsatisfactory one, and was eventually
| forced to resign.
|
| Two months ago, Microsoft quietly settled a lawsuit containing these
| allegations, filed in 1997 by Pancerzewski under the Whistleblowers
| Protection Act. The auditor claimed he was wrongfully terminated after
| telling his supervisors that Microsoft might be breaking securities and tax
| laws. The lawsuit made its tortuous way through several rounds of pretrial
| motions until last fall, when US District Judge Carolyn Dimmick denied
| Microsoft's final plea for summary judgment, finding credible evidence that
| Microsoft may have violated SEC rules, as Pancerzewski alleged. Shortly
| thereafter, Microsoft and Pancerzewski settled out of court. Terms of the
| agreement were sealed, but one source who claims familiarity with the case
| says that Microsoft paid Pancerzewski $4 million.
`----
http://web.archive.org/web/20070308032343rn_2/www.seattleweekly.com/1999-01-06/news/microfraud.php
Ecuador Tax Agency Closes Microsoft Branch Offices For 7 Days
,----[ Quote ]
| "We have twice requested balances, payment reports and complete tax
| information, but the company hasn't given it to us, so in accordance with our
| laws we have proceeded with the closure," the SRI official in charge of the
| proceeding said.
`----
http://money.cnn.com/news/newsfeeds/articles/djf500/200710041610DOWJONESDJONLINE000810_FORTUNE5.htm
Microsoft Office raid in Hungary
,----[ Quote ]
| "Such behavior could lead to the exclusion of competitive products from
| the market and violate European Union rules, according to the authority
| known as the GVH."
`----
http://www.forbes.com/feeds/ap/2007/07/26/ap3957835.html
Microsoft exec dumped stock prior to Red Ring announcement
,----[ Quote ]
| To make matters more murky, the sales were not registered with the Securities
| and Exchange Commission within the mandatory two days of the transaction, a
| result of an alleged "administrative error." Microsoft has since remedied the
| issue by following the "procedures required of late-filers."
`----
http://arstechnica.com/journals/thumbs.ars/2007/08/14/microsoft-exec-dumped-stocks-prior-to-red-ring-addresment
Microsoft's Bach sold more stock before Xbox news
,----[ Quote ]
| Microsoft Corp. executive Robbie Bach sold $3 million more in company stock
| during the period leading up to an announcement about a costly flaw in its
| Xbox video game console than previously reported, according to a filing
| Monday with the Securities and Exchange Commission.
`----
http://www.marketwatch.com/news/story/microsofts-bach-sold-additional-stock/story.aspx?guid=%7BBECA3A50-EF33-4161-A111-A43BDC8B0462%7D&siteid=yhoof
Insider Trading Hasn't Affect Microsoft Stock - Yet
,----[ Quote ]
| MarketWatch.com reports that Robbie Bach, president of Microsoft's
| Entertainment and Devices division, sold $6.2 million of Microsoft
| stock just prior to announcing that Microsoft was going to have to
| extend XBox 360 warranties to three years because of extensive
| failures. The filings note that this was not part of any
| scheduled diversification or selling program; this was a
| conscious, unscheduled sale by the guy in charge of releasing
| news that could affect the value of Microsoft stock.
|
| [...]
|
| Insider trading is a very serious violation of the law; just
| ask Martha Stewart, who served five months in prison for
| avoiding losses of $43,000 through trades that just had suspicious
| timing (no insider trading was actually proven). This is $6.3
| million that went straight into Robbie Bach's pocket.
`----
http://biz.yahoo.com/seekingalpha/070713/40947_id.html?.v=1
[Mandriva CEO:] An open letter to Steve Ballmer
,----[ Quote ]
| Wow! Iâm impressed, Steve! What have you done for these guys to change their
| mind like this? Itâs pretty clear to me, and it will be clear to everyone.
| How do you call what you just did Steve, in the place where you live? In my
| place, they give it various names, Iâm sure you know them.
|
| Hey Steve, how do you feel looking at yourself in the mirror in the morning?
|
| Of course, I will keep fighting this one and the next one, and the next one.
| You have the money, the power, and maybe we have a different sense of ethics
| you and I, but I believe that hard work, good technology and ethics can win
| too.
`----
http://blog.mandriva.com/2007/10/31/an-open-letter-to-steve-ballmer/
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