Former Broadcom CEO and cofounder Henry Nicholas III directed a criminal stock-options backdating scheme that cost his company $2.2 billion, but also abused cocaine, hired prostitutes, and slipped ecstasy into his customers’ drinks, according to federal indictments. Nicholas faces 21 charges related to the backdating scheme, but also a four-charge narcotics indictment for, among other things, keeping a warehouse stocked with drugs for parties. “The drug case seems to be a lot stronger,” said former federal prosecutor Dan Margolis. (Reuters)
THE WEEK'S AUDIOPHILE PODCASTS: LISTEN SMARTER
- The U.S. is about to sell weapons to Vietnam. That's bad news for China.
- Why is the Pentagon stuffing caves in Norway full of tanks?
- What the Middle Ages can tell us about the GOP's big charity myth
- An open letter to #brands about Gamergate
- Did the media get Ferguson wrong?
- 43 TV shows to watch in 2014
- The most sensible GOP alternative to ObamaCare comes from a Senate candidate who is almost sure to lose
- Gamergate has backfired spectacularly on its nincompoop perpetrators
- How to be the most productive person in your office — and still get home by 5:30 p.m.
- When Khomeini said no to Iranian nukes
Subscribe to the Week