10/11/2006

CEOs swept out by stock options scandal

Filed under: Aviran Mordo @ 10:33 pm

Companies sullied by stock option chicanery seem intent on cleaning out their executive suites and boardrooms before regulators and prosecutors do it for them.

On Wednesday, the scandal’s fallout widened when the chief executives of both McAfee Inc. and CNet Networks Inc. stepped aside to atone for stock option shenanigans that will erase some of the companies’ past profits. Santa Clara-based McAfee, a leading maker of computer anti-virus software, also fired its president, Kevin Weiss.

Source: AP

 

Leave a Reply

You must have Javascript enabled in order to submit comments.

All fields are optional (except comment).
Some comments may be held for moderation (depends on spam filter) and not show up immediately.
Links will automatically get rel="nofollow" attribute to deter spammers.

Powered by WordPress