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NEW YORK CNET Networks CEO Shelby Bonnie resigned his position at the company after an internal investigation into the backdating of stock options faulted him.
“I apologize for the option-related problems that happened under my leadership,” Bonnie said in a statement. “I believe that the company has come a long way since 2003 in addressing these deficiencies, but am deeply disappointed it happened nonetheless.”
CNET, like other Silicon Valley companies, has been probing the backdating of options.
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