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Leadership Turn

When leadership absconds

by Miki Saxon on February 5th, 2008

OKaaaa. Class is in session and there will be a short quiz at the end.united_states_passport.jpg

  • CEO is indicted for backdating stock options;
  • CEO flees to Namibia;
  • CEO fights extradition;
  • CEO claims he isn’t guilty.

This isn’t a pilot waiting for the writers’ strike to end; it’s the story of Comverse Technology CEO Jacob “Kobi” Alexander.

  • “…he was indicted on charges of illegally making $6 million by backdating the timing of his company stock options.”
  • “fled to Namibia in 2006″
  • “… also engaged in manipulating the price of Comverse’s stock through “improper accounting.” Such an action might be considered securities fraud.”
  • “Alexander’s attorney, Robert Morvillo, said yesterday that his client “believes the [report] contains a substantial number of inaccuracies, and he is prepared to defend himself against any [further] allegations.” Morvillo previously has said that his client is not guilty of the stock-options charges.”

Anyone who watches cop shows knows what it means when someone flees the scene.

Do you think there’s a viable reason to flee if you’re not guilty and have plenty of money to hire legal talent?

Your comments—priceless

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POSTED IN: About leadership, Ethics, Leaders who DON'T, What do you think?

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