McAfee Slides on CFO Departure
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Made nervous by the announcement that McAfee&#39;s (MFE:NYSE - news - research) CFO plans to resign, investors on Tuesday sold off shares of the antivirus maker.
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SAN FRANCISCO -- McAfee's former top lawyer was charged Tuesday with stock options tampering that muddied the finances of the computer security software maker.
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(InfoWorld) - McAfee's board of directors on Monday named former EMC executive Dave DeWalt as the security software company's CEO and president. DeWalt, 42, takes the helm of a company tainted byÂ allegations surrounding backdating of stock options by former executives. DeWalt, a 20-year veteran of the technology industry, most recently was executive vice president and president of customer operations for EMC. David Fuller, McAfee's interim president and CEO, will leave that job April 1, the day before DeWalt takes over. Fuller will stay as an advisor to help with the transition and will remain on the board. DeWalt is also expected to be appointed to the board. Fuller stepped in as interim chief in October 2006 following the resignation of George Samenuk as chairman and CEO and Kevin Weiss as president. They left following allegations that they were involved in improperly backdating stock options to McAfee executives. Last week, former McAfee legal counsel Kent Roberts was arraigned on federal fraud charges in relation to his role in the backdating scandal. He pleaded not guilty before a federal judge in San Francisco. Â
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BusinessWeek Online - Although McAfee Chief Executive George Samenuk and Symantec Chief Executive John Thompson have been friends since they both worked at IBM years ago, lately they've been fierce competitors in Internet security. Symantec has been the market leader; McAfee a scrappy challenger. But on Oct. 2, the executives found themselves publicly on the same page again.
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First it was the CEO, and now the CFO has left, too. What should shareholders be thinking?
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The CEO's resignation likely means more trouble ahead.
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First it was the CEO -- now the CFO has left, too. What should shareholders be thinking?
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Lang Gibson, a member of the team that helped Merrill Lynch & Co Inc  become the No. 1 issuer of collateralized debt obligations, has resigned, people familiar with the situation said, as a CDO-related credit implosion roils banks worldwide.
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As the stakes slide higher in the search technology game, Ask.com's CEO is now leaving that search firm company, just days after Microsoft made a $1.2 billion bid for troubled search software firm Fast Search & Transfer.
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The senior Democrat at the Securities and Exchange Commission is to step aside Tuesday, leaving the nation's top stock market watchdog without a full complement of five commissioners for the first time since a wave of scandals began to devastate investor confidence in 2002.
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If you want to know what it&#39;s like to dance with the devil, you might ask the folks at McAfee (NYSE: MFE). Scratch that, you don&#39;t need to ask, just read a few lines of the 10Q.
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R. David Martin, the chief financial officer of Action Performance Cos., abruptly resigned Friday, as the Tempe-based company said it wanted to go in a different direction.
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Stephen Richards, CFO of security software maker McAfee, joins the board
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DeWalt drills new security role EMC's top salesman Dave DeWalt has left the storage giant to saddle up as CEO and president of security firm McAfeeâ¦
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Mac Gardner, a senior brokerage executive at Merrill Lynch & Co Inc , is leaving at the end of the month in what could be a prelude to more management changes within the company.
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A CFO who helped Nortel Networks recover from an accounting scandal and years of poor results is leaving the company after about two years on the job.
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Microsoft&#39;s MSN Hotmail service will drop security provider McAfee in favor of Tokoyo-based Trend Micro. Trend Micro will deliver real-time antivirus scanning and cleaning protection for the