Cablevision Gave Options to Dead Exec

Farrell, Mike
September 2006
Multichannel News;9/25/2006, Vol. 27 Issue 38, p44
The article reports on Cablevision Systems Corp.'s stock options scandal in the U.S. The company is said to have reported backdated grants for its two former employees, in which one of them died in 1999. The late Marc Lustgarten was the company's executive and confidante, whose death occurred after the stated grant date of the award and before the actual grant date. The Securities and Exchange Commission (SEC) documents revealed that the estate had options for at least 400,000 shares.


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