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Mercury Inter-active Corporation produces software to help analyze and streamline business technology. Now in the midst of a management overhaul, the Mountain View, California-based company is hoping new general counsel Sandra Escher can help streamline its own operations. In the last year, Mercury’s CEO, CFO, COO, and previous general counsel resigned amid internal investigations into manipulation of employee stock data. After a 2004 inquiry from the Securities and Exchange Commission, Mercury and independent counsel O’Melveny & Myers discovered that executives had altered dates on over 40 stock option exercise dates in order to increase stock value. Escher, 47, is part of a new executive team. They’re working to distance Mercury from the 2005 financial scandals that led to late and misfiled reports and delisting from Nasdaq. Escher declined to comment for this article. Escher brings experience in corporate and securities law as well as familiarity with the California tech world. The GC at Silicon Graphics, Inc., for eight years, she also headed SGI’s corporate legal services and corporate development departments. In January, Mercury acquired software compatibility specialist Systinet Corporation, and Escher is now handling legal management of the acquisition. Her compliance work will also be crucial to rebuilding investor confidence and getting the company relisted on Nasdaq. Mercury is required to submit corrected versions of previous filings by the second quarter of 2006. At Mercury, business monitoring and restructuring will start at home.

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