Stock option backdating closure letter
Vitesse settled the matter by agreeing to pay a million civil penalty.
Mody and Kaplan have each agreed to a bifurcated settlement that provides they will be permanently enjoined and ordered to pay disgorgement, and that any civil penalty will be determined later by the district court.
more Stock options were the crack cocaine of the late 1990s.
"It's the new American dream, getting rich off your company's stock," Forbes magazine gushed in 1998.
But Skaer or an assistant whited out the date the fax was sent, changing it to Nov. A spokeswoman for HP, as well as attorneys for the executives, declined to comment.
"And it's a dream that's becoming ever more real." Everyone wanted in on the gravy train.