It’s not often that a general counsel is publicly credited with saving the day, but according to William Alden in a recent New York Times blog post, prominent Silicon Valley investor Ben Horowitz did just that.
When relaying the story of how he kept his firm Opsware Inc. from inadvertently committing massive accounting fraud (the options backdating investigations of 2006), Horowitz credits his GC, Jordan Breslow, who reviewed the stock granting process before it was implemented by the chief financial officer and told him, “There’s no way this practice is strictly within the bounds of the law.”
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