The Universities of California at Los Angeles and at Irvine are trying to decide whether to strip Henry Samueli’s name from its engineering schools now that Mr. Samueli has pleaded guilty to charges that he lied to financial regulators, reports the Los Angeles Times
Mr. Samueli, co-founder of Broadcom Corp., and his wife donated a total of $50-million to the two engineering schools in 1999.
His guilty plea last month to making a false statement to federal authorities investigating the alleged backdating of stock options awarded to employees at Broadcom has officials at the universities reconsidering his name on their schools, said Brad Hayward, a spokesman for the University of California. Neither Henry Samueli nor his lawyer, Gordon Greenberg, would comment.
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