The final tally? 21 months, $15 million, and two years of supervised release post-prison. Mr. Reyes maintained that he did backdate options but was unaware that he was doing anything wrong; the prosecution informed the jury that Reyes used the practice as a way to attract and retain talent in Silicon Valley.
I'm not offering judgment on anyone's character. I don't know anyone that worked at Brocade during the time in question. We all know folks who have made out well with options at other firms, and there has been plenty of news 'bout senior execs in non-IT sectors profiting directly from dubious back dating practices.
My big question: If you're a tech exec, is retention of top IT skills worth going to jail? The collateral damage from this case has directly hit more than 200 companies in the industry and resulted in $13 billion in restatements. Is our industry that short on talent?
My head hurts. I'm going to go back to thinking about simple things... like finalizing our lab's SAN config or finding a good iSCSI initiator for a Leopard guest running under Parallels Server Beta.
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