Litigation
Mar. 17, 2010
A Windfall for Ex-KLA Chief
In an unusual exchange of money tucked away in a stock options backdating settlement between former executives at KLA-Tencor Corp. and the company's shareholders, the company's former chief executive, who was fired over the backdating in 2006, will actually net $13.5 million.
Daily Journal Staff Writers
In an unusual exchange of money tucked away in a stock options backdating settlement between former executives at KLA-Tencor Corp. and the company's shareholders, former chief executive Kenneth L. Schroeder, who was fired over the backdating in 2006, will actually net $13.5 million.
The details of the settlement were set forth in a motion for preliminary approva...
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