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brant_point

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Re: Jay Signor post# 139264

Wednesday, 03/14/2007 1:29:55 PM

Wednesday, March 14, 2007 1:29:55 PM

Post# of 249541
Security software maker McAfee (nyse: MFE - news - people ) has turned the CEO reigns over to Dave DeWalt to guide them through their own backdating problems. McAfee has previously announced that it plans to restate several quarters of financial results as part of correcting 10 years of questionable options grants. In sum, they are expected to receive between $100 million and $150 million in charges. In May, McAfee fired its president and announced the retirement of CEO George Samenuk. If that weren't bad enough, former general counsel Kent Roberts now faces federal charges for his involvement in backdating.
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