LA Biz Observed: Who's who in stock scandal

Who's who in stock scandal

Mark Lacter • Bio • Email

It's been a while since we've tallied up the local companies implicated in the options backdating scandal. The latest tally by Glass Lewis, the shareholder advisory firm, puts the cost of the executive misdeeds at about $10.3 billion. That covers lost market value of the stock and the actual compensation costs for the companies involved. At last count, 152 companies were implicated in some fashion or form. That includes 16 in L.A., Ventura and Orange Counties (not a huge percentage, perhaps because so much of the activity was happening in the tech-rich Silicon Valley, where stock options are second nature). At least 44 executives and directors at 24 companies have been fired or resigned. Anyway, here's a rundown of the locals, based on the WSJ scorecard. All but two of the 16 - J2 Global and Western Digital - are under SEC scrutiny.

Activision - Santa Monica
Broadcom - Irvine
Ceradyne - Costa Mesa
Cheesecake Factory - Calabasas Hills
Computer Sciences - El Segundo
Corinthian Colleges - Santa Ana
Endocare - Irvine
J2 Global - L.A.
KB Home - L.A.
Meade Instruments - Irvine
Quest Software - Aliso Viejo
Semtech - Camarillo
THQ - Agoura Hills
Valleant Pharmaceuticals - Costa Mesa
Vitesse Semiconductor - Camarillo
Western Digital - Lake Forest

10:42 AM Wednesday, October 25 2006 • Link
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