November 14, 2006
Shake-up at McAfee
An internal McAfee probe spurred by Securities and Exchange Commission inquiries has led to a shake-up at the security giant. George Samenuk retired as chairman and CEO, while Kevin Weiss was fired. Board of Director Dale Fuller took over as interim president and CEO, while Charles Robel, another board member, was named chairman.
A special committee's investigation determined insiders were participating in a questionable stock options practice known as backdating. News of the departures led some analysts to conclude that McAfee is ripe for acquisition. Fuller said: "All options are on the table."