Stock options scandal claims another victim

The stock options scandal that has affected Apple, McAfee and CNet has claimed another victim, and this time it's one of the pioneers of Silicon Valley's chip business. The San Jose Mercury News reports:

"Semiconductor pioneer Kenneth Levy stepped down as chairman of KLA-Tencor on Tuesday in the wake of an internal inquiry that determined that stock options granted to him and other insiders were misdated and not properly accounted for.

Levy, 64, who presided for 31 years over the company he founded in 1975, formally retired Tuesday, one day after the San Jose company announced the severing of its ties to a former chief executive and the resignation of its general counsel."


View: Article @ Technology Blog

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