> Drummond was charged by the Securities and Exchange Commission in 2005 with ca... | Hacker News

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		joering2 on Jan 11, 2020 \| parent \| context \| favorite \| on: Alphabet’s Chief Legal Officer Stepping Down Amid ... > Drummond was charged by the Securities and Exchange Commission in 2005 with causing Google to violate securities law because he failed to advise the company's board that the company was required to register $80 million in stock options used as compensation for employees.[1] Do you know anyone who would hire someone after making a $80MM mistake?? https://en.wikipedia.org/wiki/David_Drummond_(businessman)

swedish_mafia on Jan 11, 2020 | [–]

And this https://medium.com/@jennifer.blakely/my-time-at-google-and-a...

LanceH on Jan 11, 2020 | [–]

Not entirely sure about the date, but wasn't everyone backdating options and/or marking them as zero cost to the company?

rlucas on Jan 11, 2020 | [–]

In the late 1990s "everyone" was doing so -- and then a nonzero percentage of "everyone" went to jail for it. By 2005 people were on notice.

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