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Corporate

Nov. 24, 2010

No Bar for Ex KLA-Tencor CEO

KLA-Tenco'rs former CEO can serve as public company director and officer, a court ruled.


By Craig Anderson


Daily Journal Staff Writer


Kenneth Schroeder, the former chief executive officer of KLA-Tencor Corp., will not be barred from serving as an officer and director of a public company because of his role in a stock options backdating scandal.


U.S. District Judge James Ware of San Jose ruled against the Securities and Exchange Commission's motion seeking a bar after concluding that there was uncontroverted evidence that some...

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