Brocade backdating scandal
On May 25, 1999, the company went public at a split-adjusted price of .75.On initial public offering (IPO), the company offered 3,250,000 shares, with an additional 487,500 shares offered to the underwriters to cover over-allotments.
From a consumer's perspective, customers rely on companies to provide goods and services.
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When those firms have no ethical boundaries, their wares become suspect.
From a shareholder's perspective, nobody likes to be lied to when providing the financing and paying the salaries.