The heads of three well-known technology companies lost their jobs this week as the result of a scandal sweeping through the business world over the improper backdating of stock options.
Internet news publisher Cnet Networks Inc., security software firm McAfee Inc. and online recruitment service Monster Worldwide Inc. announced the resignation or retirement of their chief executives, all apparently over concerns about how the companies granted stock options. The three are the latest of at least 135 companies to acknowledge or be investigated for backdating