Wednesday, June 25, 2008

The NHL Loves Broadcom Shareholders

Or something. What am I missing?

The National Hockey League announced today that it has suspended Anaheim Ducks owner Henry Samueli indefinitely. Samueli, co-founder of semiconductor company Broadcom, pleaded guilty to making a false statement during an SEC investigation into options backdating.

"While Mr. Samueli has been an exemplary owner, we hold NHL personnel to the highest standards, and this plea requires the imposition of discipline under league rules," Commissioner Gary Bettman said.

Why stop there? Maybe the NHL should set up a task force to investigate every traffic ticket and credit card late payment penalty incurred by its team owners. Takings mulligans or gimmes over 3 feet should also be considered serious violations of league policy.

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