GC Fired As Company Probes Backdating
Posted May 8, 2007 6:14 AM CST
By Debra Cassens Weiss
Another backdating probe, another general counsel gets the boot.
But in the case of Matthew Gloss, dismissed as general counsel of Marvell Semiconductor Inc., it’s not clear if his firing was because of backdating, according to the Recorder.
A press release noting the departure of Gloss and others at the Santa Clara, Calif., company, said they bear “varying degrees of responsibility" for "the systemic failure of internal controls" over stock option grants.
A lawyer for Gloss told the Recorder his client was not fired due to backdating. He had no role in the selection or approval of grant dates, and no knowledge of backdating by others, the attorney said.