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Short the CEO - Buy the Stock?
Options backdating has sparked investigations at more than 120 companies and cost a few CEOs their jobs. But sometimes uncertainty creates a buying opportunity. By Katie Benner, Fortune reporter |
2006 price change: 7%
Executive casualty: President Kevin Weiss and chairman and chief executive George Samenuk (right) have resigned amid scrutiny from regulators.
Investment Outlook: Attractive. The anti-virus software maker is well positioned in a growing biz; it has lucrative deals with ISPs to provide protection to subscribers.
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Amidst backdating options scandals, American Tower uses another legal tactic for hiding executive compensation - backdoor options filtered through a subsidiary, Fortune's Bethany McLean reports. ( more)
How companies handle the investigation into backdating can have a big impact on their business - and investors. ( more)
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