Thursday, June 21, 2007

Lessons from Court

Greg Reyes is on trial for back-dating options as CEO of Brocade, the SAN company. There are 10 lessons that Found+Read list, but the most important is # 7: Hire a Competent Consultant and Get Attorney Advice. As CEO you are going to unltimately make the decision and be held accountable for that decision. Get the best advice you can. All too often I see companies soliciting, not opinion, but advice - legal, regulatory, and otherwise - from a public listserv. Not smart.

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