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.

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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