Google Board Member Ann Mather to Face SEC Violation Proceedings
It appears that one of Google’s board members is in hot water with the Securities and Exchange Commission. According to the National Post, Ann Mather has been notified by the SEC that it plans to recommend civil action against her for her role in the Pixar stock option backdating scandal.
Google said the SEC told Ms. Mather it would recommend alleging securities law violations related to certain stock option transactions at Ms. Mather’s former employer, Pixar Animation Studios. Google said the case does not involve her services as a Google board member.
Mather might be the third executive to get thrown under the bus caught up in a Steve Jobs-related SEC violation, but she’s not Google’s first exec to run into SEC trouble. Last year, the company’s Chief Legal Counsel settled a $700,000 complaint with the SEC for his previous role as CFO for SmartForce.