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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: -4.8%
Executive casualty: CFO William Ruehle said he would retire early because of his company's internal options review.
Investment Outlook: Cautious. While the broadband semi company has a healthy balance sheet and has hit recent earnings marks, it's no longer delivering stunning sequential sales gains. It will likely move beyond the options mess, but needs to improve revenue in key units including Ethernet and DSL gear.
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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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