Texas Instruments Ex-CEO May Forfeit $43.3 Million on Misconduct
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Texas Instruments Inc.’s Brian Crutcher, who resigned as chief executive officer after just six weeks on the job, could be forced to surrender as much as $43.3 million of stock awards.
Crutcher, who resigned after the semiconductor maker said he violated its code of conduct, held stock options and restricted shares valued at about $20.6 million and $22.7 million as of Tuesday’s market close, data compiled by Bloomberg show. Just how much of that will be forfeited will depend on how the company characterizes his exit.