Toll of the stock options scandal heavy in 2006:
"Eighteen chief executives swept out. More than 100 public companies under
federal investigation and more than $5 billion in profits erased by
restatements. Indictments so far: five former top executives at two companies,
Brocade Communications Systems Inc. and Comverse Technology Inc.
The toll of the stock options timing affair -- corporate America's scandal of the year --
has been heavy. Federal officials say more prosecutions will be brought in 2007
over manipulation of the timing of stock option grants to enrich top company
executives."
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