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The odds of winning the Powerball lottery, meanwhile, are one in 146 million, the newspaper reported.Corporate board members, who are notorious for self-promotional back scratching of chief executives, are guilty of either approving these excesses or looking the other way.The allegations of illicit sex, drugs, and rock and roll reminded me of the 60s ... Sure, Broadcom had to take a .2 billion charge to fix the accounting mess left by the company's former executives.But how does that relate to hiring prostitutes and drugging customers without their knowledge?
"That’s just plain theft, and it makes the incentive plans meaningless."The Journal, for example, analyzed the stock options grants of Jeffrey Rich, CEO of Affiliated Computer Services.
You'd think they'd be up to their eyeballs in rope.
I count no fewer than 38 top executives at 19 high-tech companies that have bit the dust over this stuff.
Take this example, from The Wall Street Journal, which began investigating the practice last fall: "Suppose an executive gets 100,000 options on a day when the stock is at .
Exercising them after it has reached would bring a profit of times 100,000, or million.