TPG manages more than S30B in capital and our largest investors include CalPERS and CalSTERS. Like Greg Reyes, 1 am 44 years old, am married and have four great children. I have known Greg and his family personally and professionally for more than ten years. I have closely observed Greg in various social, business and family settings. He has always conducted himself with the highest of integrity, never being afraid to speak the truth or do the right thing for a person or group.
I was the Co-Head of Technology Investment Banking at Morgan Stanley when Brocade went public in 1999 and I had the good fortune to witness Greg Reyes' leadership skills. During my career I also had the opportunity to observe hundreds of CEOs in every type of situation and 1 can honestly say that Greg was one of the best. Greg cared deeply about Brocade employees and shareholders and worked very diligently to create value for each of these constituencies. He successfully created billions of dollars of shareholder value during his tenure as CEO by building a world class organization with world class customers. During a time when greed defined many Silicon Valley CEOs, Greg never personally received any of the options in question in this case. When times got tough at Brocade, Greg made the decision to stay on as CEO and work hard for the employees and shareholders when he could have retired quite comfortably.
I was able to personally attend part of the trial and I also read everything I could about the proceedings, I do not agree with the jury's decision but I am a believer in the US justice system. During the trial not one customer, employee or shareholder testified that Greg committed criminal acts because none of these groups were victims. The real victims in my opinion will be Greg's wife and children if you do not show compassion and leniency. Please try to consider all of this when deciding his sentence.
Realtime Court Status
Gregory Reyes
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