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John "Jack" Gifford, (January 11, 1941 – January 11, 2009) was an American businessman best known as the founder and former CEO and Chairman of the Board of Maxim Integrated Products
Maxim Integrated Products

Maxim Integrated Products is a publicly traded company that designs, manufactures, and sells high-performance semiconductor products. The company?s stated mission is to deliver innovative analog and mixed-signal engineering solutions that add value to its customers? products....
. He was born in Torrance
Torrance, California

Torrance is a city located in the South Bay, Los Angeles region of Los Angeles County, California, United States. As of the 2000 census, the city's population was 138,000 compared to 142,000 in 2005....
, California
California

California is a U.S. state on the West Coast of the United States of the United States, along the Pacific Ocean. It is bordered by Oregon to the north, Nevada to the east, Arizona to the southeast, and to the south the Mexico state of Baja California....
.

Gifford's father taught his son to play baseball at an early age.

Gifford won All-City honors playing at Banning High School
Banning High School (Los Angeles, California)

Phineas Banning High School is located in the Wilmington, California neighborhood of Los Angeles, California, United States, and is a part of the Los Angeles Unified School District....
, and dreamed of playing professional baseball.

Won a full baseball scholarship to UCLA and played first base for two years on the varsity team while earning a bachelor's degree in electrical engineering.

He received a B.S.E.E.






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John "Jack" Gifford, (January 11, 1941 – January 11, 2009) was an American businessman best known as the founder and former CEO and Chairman of the Board of Maxim Integrated Products
Maxim Integrated Products

Maxim Integrated Products is a publicly traded company that designs, manufactures, and sells high-performance semiconductor products. The company?s stated mission is to deliver innovative analog and mixed-signal engineering solutions that add value to its customers? products....
. He was born in Torrance
Torrance, California

Torrance is a city located in the South Bay, Los Angeles region of Los Angeles County, California, United States. As of the 2000 census, the city's population was 138,000 compared to 142,000 in 2005....
, California
California

California is a U.S. state on the West Coast of the United States of the United States, along the Pacific Ocean. It is bordered by Oregon to the north, Nevada to the east, Arizona to the southeast, and to the south the Mexico state of Baja California....
.

Gifford's father taught his son to play baseball at an early age.

Gifford won All-City honors playing at Banning High School
Banning High School (Los Angeles, California)

Phineas Banning High School is located in the Wilmington, California neighborhood of Los Angeles, California, United States, and is a part of the Los Angeles Unified School District....
, and dreamed of playing professional baseball.

Won a full baseball scholarship to UCLA and played first base for two years on the varsity team while earning a bachelor's degree in electrical engineering.

He received a B.S.E.E. from University of California, Los Angeles, 1963.

Married to his wife, Rhodine, for 47 years, he has three daughters and seven grandchildren. Gifford died of a heart attack in Mauna Kea, Hawaii on his 68th birthday.

Stock Option Backdating Scandal


In 2007 Gifford resigned from Maxim amid a stock options probe by the company's board of directors. The probe eventually led to the restatement of past financial statements and the delisting of Maxim's common stock from the Nasdaq Stock Exchange.

The Securities and Exchange Commission later filed civil charges against Gifford, alleging that he reported false financial information to investors by improperly backdating stock option grants to Maxim employees and directors. Gifford subsequently agreed to pay more than $800,000 in disgorgement, interest, and penalties to settle charges relating to his role in the options backdating. According to the SEC, Gifford should have known that the company was not properly reporting expenses related to its stock option program.

Honors and awards

  • 1988 - Nominated for the National Entrepreneur of the Year award by Arthur Young
  • 1990 - Elected to the UCLA Baseball Hall of Fame
  • 1992 - Named the 1991 Alumnus of the Year of the UCLA College of Engineering
  • 1992 - Commencement Speaker at the 1992 UCLA College of Engineering Graduation Ceremony
  • 2001 - Named CEO of the Year by Electronic Business Magazine
  • 2004 - Oldest player ever to participate in the National Baseball Congress World Series
  • 2005 - Named America's Best Semiconductor Industry CEO by Institutional Investor Magazine


Further reading

  • The Spirit of AMD by Jeffrey L. Rodengen ISBN 0-94590-3219
  • The Making of Silicon Valley: A One Hundred Year Renaissance by Ward Winslow and John McLaughlin ISBN 0-96492-1707


External links

  • [https://www.techagreements.com/agreement-preview.aspx?num=612430&title=Maxim%20-%20Memorandum%20of%20Understanding%20Between%20The%20Company%20And%20Jack%20Gifford Memorandum of Understanding Between The Company And Jack Gifford, January 5, 2007]