AplusWebMaster
Topic Starter
This gets uglier all the time.
- http://news.com.com/2102-7350_3-6124666.ht…g=st.util.print
Oct 11, 2006
"…Resulting from an investigation into the company's stock options practices, George Samenuk, CEO, has resigned, and Kevin Weiss, president, was fired. Based on a preliminary review of the probe's results, McAfee said it expects to restate earnings in the range of $100 million to $150 million over a 10-year period… In June, the U.S. Securities and Exchange Commission began a formal probe into its stock option practices. McAfee is among a number of companies caught up in stock options investigations. These investigations involve pricing options around the lowest trading range for the stock during the month they were approved rather than the date they were awarded, a practice known as backdating…"
- http://news.com.com/2102-1030_3-6124691.ht…g=st.util.print
Oct 11, 2006
"CNET Networks on Wednesday said Shelby Bonnie has resigned as chairman and chief executive after a special committee found that he shared the blame for backdating stock options, sending shares of the technology news and review site down. The committee also found that a former CNET chief financial officer and the company's general counsel and head of human resource were partly to blame for the options problems. The general counsel and human resource chief have resigned, it said…"
- http://news.com.com/2102-7350_3-6124666.ht…g=st.util.print
Oct 11, 2006
"…Resulting from an investigation into the company's stock options practices, George Samenuk, CEO, has resigned, and Kevin Weiss, president, was fired. Based on a preliminary review of the probe's results, McAfee said it expects to restate earnings in the range of $100 million to $150 million over a 10-year period… In June, the U.S. Securities and Exchange Commission began a formal probe into its stock option practices. McAfee is among a number of companies caught up in stock options investigations. These investigations involve pricing options around the lowest trading range for the stock during the month they were approved rather than the date they were awarded, a practice known as backdating…"
- http://news.com.com/2102-1030_3-6124691.ht…g=st.util.print
Oct 11, 2006
"CNET Networks on Wednesday said Shelby Bonnie has resigned as chairman and chief executive after a special committee found that he shared the blame for backdating stock options, sending shares of the technology news and review site down. The committee also found that a former CNET chief financial officer and the company's general counsel and head of human resource were partly to blame for the options problems. The general counsel and human resource chief have resigned, it said…"