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.

brocade backdating scandal-18

From a consumer's perspective, customers rely on companies to provide goods and services.

(See also: [ Interested in learning how to trade options legally?

Check out Investopedia Academy's Options for Beginners course.

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.

Leave a Reply