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Gregory Reyes - Wikipedia, the free encyclopedia

Gregory Reyes

From Wikipedia, the free encyclopedia

Gregory Reyes is the former CEO of Brocade Communications Systems. On August 11, 2007 he was convicted on 10 counts of illegally backdating stock options, whilst CEO of Brocade.

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Gregory Reyes was convicted on Aug 7th 2007.

Greg Reyes has repeatedly voiced his innocence. He claimed to have telephoned former Board of Director Neal Dempsey of Venture Capital firm Bay Partners of Cupertino, CA. on exactly what he was doing and Dempsey continued to ignor his calls. What Dempsey did was offer Reyes a $30 million buyout clause but he then turned around did an about face and reported everything to the SEC. Dempsey is for some reason not being charged of any crimes or wrong doing, however.


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