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5 Companies That Had A Rough Week

For the week ending May 18, CRN looks at IT companies that were unfortunate, unsuccessful or just didn't make good decisions.

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Symantec Execs Face Discretionary Compensation Freeze As Internal Probe Continues

Symantec this week disclosed more information about an internal investigation the company announced last week. And it looks like executive compensation programs are under the microscope.

The company said the investigation, launched in response to issues raised by a former employee, involves reporting of some non-GAAP measures, including those that could impact executive compensation programs.

Symantec CEO Greg Clark told Wall Street analysts this week that all discretionary and performance-based compensation for named executive officers is on hold pending the results of the investigation.

There was good news this week, however: The security software company said the internal Audit Committee probe isn't expected to have a material negative impact on the company's past financial results.

 
 
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