Silicon Valley business leaders have long served on each other's boards, giving bright minds a way to share their collective wisdom and fostering a climate of corporate clubbiness that prizes personal networks as much as computer networks. But what happens when bad ideas seep into chummy boardrooms? An answer may be emerging as federal prosecutors and regulators dig deeper into a stock options scandal that has already forced dozens of companies across the country to wipe out more than $5 billion in profits.
November 14, 2006 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
Silicon Valley business leaders have long served on each other’s boards, giving bright minds a way to share their collective wisdom and fostering a climate of corporate clubbiness that prizes personal networks as much as computer networks.
But what happens when bad ideas seep into chummy boardrooms?
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