The former CEO of Monster Worldwide Inc. is the latest chief executive to be affected by investigations of the accounting of past options grants. Andrew J. McKelvey quit his board seat and refused to sit for questions from other board members as part of Monster’s internal investigation of stock options. In all, at least 135 U.S. companies have disclosed internal inquiries or government investigations and at least 39 executives and board directors at 19 companies have resigned or been fired.
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Posted on Tuesday, October 31st, 2006. Filed under: Employment, Law Misc
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The former CEO of Monster Worldwide Inc. is the latest chief executive to be affected by investigations of the accounting of past options grants. Andrew J. McKelvey quit his board seat and refused to sit for questions from other board members as part of Monster’s internal investigation of stock options. In all, at least 135 U.S. companies have disclosed internal inquiries or government investigations and at least 39 executives and board directors at 19 companies have resigned or been fired.
Popularity: 5% [?]
Posted on Tuesday, October 31st, 2006. Filed under: Business Law, Law Misc
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