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Dead Money at Cablevision

Stock quotes in this article: CVC  

Cablevision (CVC Quote) not only backdated options, it gave them to a dead man, according to media reports.

The Wall Street Journal reported Friday that the Bethpage, N.Y., cable system operator awarded options to Vice Chairman Marc Lustgarten after his death in 1999, but backdated them to when he was still alive.

The company also gave options to a compensation consultant and recorded them as if he were an employee, the Journal reported. ...

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