Breaking news: Henry Samueli steps down as Broadcom chairman

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Broadcom’s Henry Samueli stepped down as chairman of the Irvine chip maker’s board of directors today after federal regulators alleged that he and co-founder Henry T. Nicholas III fraudulently backdated stock options in a five-year scheme.

Samueli, who owns the Anaheim Ducks, also will take a leave of absence as Broadcom’s chief technology officer, the company said in a statement. John E. Major, an independent director, was named non-executive chairman.

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-- Chris Gaither

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