CNet CEO Quits Following Options Probe
Shelby Bonnie, chairman and chief executive of technology news publisher CNet Networks Inc., has resigned following a review of the company's stock-options practices, the company said Wednesday.
The company named Neil Ashe as its new chief executive, effective immediately.
CNet said a special committee established to investigate the company's past granting of stock options found instances of backdating, a practice that can inflate the potential windfall to recipients when options are exercised. The company said a number of executives,...
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