Former Rambus boss loses millions of share options

RAMBUS SAID that 2,736,800 share options issued to its former CEO Geoff Tate, have expired.

Tate resigned from the Rambus board of directors on the 13th of August last, but struck a deal to extend the option expiry order period from the 13th of November 2006 to December.

That, said Rambus was a conditional deal "subject to fulfilment by Mr Tate of certain obligations". But he didn't meet the requirements and so his huge number of options were terminated. µ