Financial Times FT.com

Silicon Valley chiefs quit in options scandal

By Kevin Allison in San Francisco

Published: October 12 2006 03:00 | Last updated: October 12 2006 03:00

The chief executives of McAfee, the antivirus software maker, and CNET, an online publisher, quit yesterday over Silicon Valley's options backdating scandal.

Their departures are likely to increase fears that the apparently widespread practice could lead to a broader shake-up of senior leadership in the world's leading technology hotspot.

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