The stock-option backdating storm that has blown several GCs out of their positions has bypassed corporate counsel Steven Jackman of Sanmina-SCI. The electronics company announced Thursday that an unidentified executive has resigned due to stock-option problems; but a spokeswoman said Jackman "has no involvement" in stock-options grants. Among companies that have announced the departure of executives because of such problems, Jackman appears to be one of only two top legal officers who have kept their jobs.
October 17, 2006 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
When San Jose electronics company Sanmina-SCI announced Thursday the resignation of one executive responsible for stock option problems, the company refused to identify the individual.
But by Friday, one thing was clear — it wasn’t Steven Jackman, Sanmina’s corporate counsel and vice president.
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