Wednesday, October 11, 2006

McAfee, CNET Executives Resign Over Backdating Findings

Reverberations from the growing stock-options backdating scandal have claimed top officers at two more companies. On Wednesday, software maker McAfee said that chairman and C.E.O. George Samenuk and president Kevin Weiss are leaving after the security software supplier found accounting discrepancies in its stock options grants.

Meanwhile, CNET Networks said that Shelby Bonnie has resigned as the company’s chairman and chief executive officer after a special committee laid part of the blame on him for the backdating of stock options from 1996 through 2003.

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