Read The Recorder‘s roundup of the stock-option backdating scandal. There won’t be a test later … but there might be a subpoena.
Through a year or so of posting � which ended in May � Nancy Hughes gave few clues to her identity. The one that stands out, though, was in response to another board member’s comment about the University of Michigan.
“My grandfather, mother, and I all graduated from UM, and my daughter is our 4th generation Wolverine to enter Michigan this year,” she wrote. Indeed, the Hughes’ daughter just completed her freshman year in Ann Arbor, the same school where Nancy Hughes received bachelor’s and master’s degrees, and where her mother got a nursing degree.
And then there was her double-entendre response to another poster who criticized Hughes on the stock options issue. “Most if not all of us shareholders currently dislike him intensely. If you don’t like the heat. �” the poster had written.
Nancy Hughes’s response: “I don’t think Hughes has exercised any Rambus options. And I haven’t seen him leave the kitchen. �”
