The chief executives of McAfee, the antivirus software maker, and CNET, an online publisher, quit on Wednesday over Silicon Valley’s options backdating scandal.
Their departures are likely to increase fears that the apparently widespread practice could lead to a broader shake-up of senior leadership in the world’s leading technology hotspot.
The resignations come a week after Apple Computer cleared Steve Jobs, its co-founder and chief executive, of wrongdoing over options backdating, even though he was aware of the practice in “a few instances”.
Shares in McAfee rose 2.4 per cent after the company said it had appointed Dale Fuller, the former chief executive of Borland Software, to replace George Samenuk as chief executive.
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