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Construction needs cloud flexibility

Australia’s embattled construction sector could benefit from cloud based information systems that can be switched on and off in lockstep with individual projects – with the exception of those organisations based in remote areas like the Kimberleys.

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McAfee ousts CEO and president after options probe

IT Industry - Strategy

Number two security vendor McAfee has seen the departure of its two most senior executives after an options probe revealed a US$150 million irregularity in employee stock-options.

CEO George Samenuk was forced into retirement and president Kevin Weiss was let go by the company in the wake of the scandal.

As a result expenses incurred by the granting of stock options over a 10 year period, McAfee has been forced to restate its financial position with the Security and Exchange Commission, which will now include up to US$150 million in previously unstated charges.