More Execs Look For Work In Wake Of Options Scandal

Law360, New York (November 27, 2006, 12:00 AM EST) -- Two top executives of Affiliated Computer Services Inc. have resigned following an internal investigation into the backdating of stock options, the company announced Monday.

Affiliated Computer Services Inc. said that CEO Mark A. King and CFO Warren D. Edwards resigned after an internal probe found they had violated the company’s code of ethics. The company has already filled their positions.

“Neither Mr. King nor Mr. Edwards told the company's directors, outside counsel or independent accountants that the company's stock options were often granted by looking back...
To view the full article, register now.

Law360 UK

UK Financial Services

Read Our Latest UK Legal News & Analysis

Financial Services Law360 UK and Insurance Law360 UK provide breaking news and in-depth analysis on U.K. and European Union regulation, enforcement, legislation, and litigation involving banks, investment firms, insurers, and more.