CNET announced Wednesday that an internal probe found "deficiencies with the process by which options were granted at CNET, including in some cases the backdating of stock options grants." General counsel Sharon Le Duy and CEO Bonnie Shelby stepped down. Le Duy's attorney said her client "did not participate in or know about any intentional misstating of stock options at CNET." But a review of SEC filings by The Recorder shows Le Duy did receive grants when the stock was trading at quarterly lows.
CNET General Counsel Steps Down Over Stock Options Probe
October 12, 2006