Holy crap! Another CEO just resigned due to probes about options backdating. Here’s how the Wall Steet Journal reported it in an alert moments ago:
“CNET said Chairman and CEO Shelby Bonnie has resigned after a probe found ‘deficiencies’ in the company’s options grants. CNET’s general counsel and head of human resources also resigned. ‘I apologize for the option-related problems that happened under my leadership,’ said Mr. Bonnie, who co-founded the online media company in 1993.” Read more here (behind the paywall).
Wow, this is right on top of the CEO resigning at McAfee, and several other exec departures at other firms. Who’s next, Steve Jobs?
Other concerns have now been raised about Apple as well, as detailed in another story in today’s WSJ: Apple’s Options Probe Could Raise Conflicts.
Here’s the Reuters story on CNet’s CEO departure, as posted today on CNet News.com.