Marvell Pays Ex-CEO’s Taxes on Backdated Options He ExercisedBy and
Payments could reach $15.4 million, company filing shows
Sutardja and wife were demoted after options investigation
Marvell Technology Group Ltd. said it will cover as much as $15.4 million of taxes and penalties incurred by former Chairman and Chief Executive Officer Sehat Sutardja when he exercised backdated options in 2006.
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