Feeds

VeriSign boss signs off

Shock departure

Boost IT visibility and business value

Stratton Sclavos, boss of VeriSign for the last 12 years, has unexpectedly quit the security and domain registrar firm with no explanation.

The board announced yesterday he had been replaced with immediate effect by William Roper, an non-executive director who was an EVP at defence contractor firm Science Applications International Corporation.

Verisign, which is responsible for managing the top level .com and .net domains, has pursued a very broad strategy, including opening a family-friendly movie download store, and buying a mobile content venture.

It has also suffered a chequered financial history, most recently having been forced to restate numbers back to 2001 as part of the SEC stock options investigation. It also expects to cough $250m in charges as a result of its practices.

The announcement said that a "substantially completed" review of the stock options irregularities had cleared Sclavos of any wrongdoing, and wished him well for the future. Other Silicon Valley CEOs, including Apple's Steve Jobs, have been investigated for their part in stock options chicanery, and remain in charge.

VeriSign's shares were up slightly at end of trading yesterday. ®

Build a business case: developing custom apps

More from The Register

next story
6 Obvious Reasons Why Facebook Will Ban This Article (Thank God)
Clampdown on clickbait ... and El Reg is OK with this
No, thank you. I will not code for the Caliphate
Some assignments, even the Bongster decline must
Barnes & Noble: Swallow a Samsung Nook tablet, please ... pretty please
Novelslab finally on sale with ($199 - $20) price tag
Banking apps: Handy, can grab all your money... and RIDDLED with coding flaws
Yep, that one place you'd hoped you wouldn't find 'em
Video of US journalist 'beheading' pulled from social media
Yanked footage featured British-accented attacker and US journo James Foley
Primetime precrime? Minority Report TV series 'being developed'
I have to know. I have to find out what happened to my life
Netflix swallows yet another bitter pill, inks peering deal with TWC
Net neutrality crusader once again pays up for priority access
Judge nixes HP deal for director amnesty after $8.8bn Autonomy snafu
Lawyers will have to earn their keep the hard way, says court
prev story

Whitepapers

Top 10 endpoint backup mistakes
Avoid the ten endpoint backup mistakes to ensure that your critical corporate data is protected and end user productivity is improved.
Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Backing up distributed data
Eliminating the redundant use of bandwidth and storage capacity and application consolidation in the modern data center.
The essential guide to IT transformation
ServiceNow discusses three IT transformations that can help CIOs automate IT services to transform IT and the enterprise
Next gen security for virtualised datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.