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Broadcom backdating scandal

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(who broke the backdating story), Jobs was awarded 7.5 million shares approved at Apple’s August 29, 2001, board meeting. However, because Jobs continued to argue over the point at which they would vest, Apple missed the deadlines it needed to file the right information with the Securities and Exchange Commssion and its auditors.It took until December that year until terms were finally agreed upon, at which point Apple’s stock price was .01.(Nicholas left Broadcom in 2003.) All in all, it's been a rough few months for Nicholas.

Now we find Broadcom co-founder Henry Nicholas locked in a lawsuit with former aide Kenji Kato, as the parties fight over drugs, prostitution and Judo allegations.Nicholas, III Foundation -Chairman of Nicholas Education Foundation -Chairman of Marsy's Law for All -Former co-chairman of the board, president and chief executive officer of Broadcom Henry Thompson "Nick" Nicholas III (born 1959) is the co-founder, and former co-chairman of the board, president and chief executive officer of Broadcom Corporation, a Fortune 500 company.He is also a philanthropist and leader of the victim's rights movement.When these options “vest” after a period of time, the executive can sell them at the new share price.It’s a nice bonus if the company has increased in value.You might think drugs and whores sound like a good time - not according to Kato. "holding a plate with a pile of cocaine or other drug, and demanding that he 'party' with him because 'he was bored and lonely.'" Nicholas also made Kato entertain him like a court jester and demanded that Kato take drugs, the lawsuit said.