Friday, September 22, 2006

Cablevision Gave Stock Options to Dead Executive

An AP newswire article, via The Mercury News, reports that:

In one of the more unusual twists in the current wave of stock options irregularities, cable TV operator Cablevision Systems Corp. said it granted options to an executive after he died.

Cablevision restated its financial results Thursday because of the improper stock options practices and also said it had received a subpoena from the U.S. Attorney's Office for the Eastern District of New York, which is investigating the company.

More here.

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