Monster Worldwide Terminates GC Over Stock-Option Grant Practices

Monster Worldwide, the parent of job search site Monster.com, said Wednesday it terminated Myron Olesnyckyj, the company’s general counsel, as part of its investigation into past stock-option grant practices. Olesnyckyj is the second high-ranking executive to leave the company over backdated stock options. Andrew McKelvey resigned his posts as chairman and chief executive last month. The U.S. Attorney’s Office in the Southern District of New York has issued a subpoena to the company over options backdating.

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Monster Worldwide Terminates GC Over Stock-Option Grant Practices

Monster Worldwide, the parent of job search site Monster.com, said Nov. 22 it terminated Myron Olesnyckyj, the company’s general counsel, as part of its investigation into past stock-option grant practices. Olesnyckyj is the second high-ranking executive to leave the company over backdated stock options. Andrew McKelvey resigned his posts as chairman and chief executive last month. The U.S. Attorney’s Office in the Southern District of New York has issued a subpoena to the company over options backdating.

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Monster Worldwide Terminates GC Over Stock-Option Grant Practices

Monster Worldwide, the parent of job search site Monster.com, said Wednesday it terminated Myron Olesnyckyj, the company’s general counsel, as part of its investigation into past stock-option grant practices. Olesnyckyj is the second high-ranking executive to leave the company over backdated stock options. Andrew McKelvey resigned his posts as chairman and chief executive last month. The U.S. Attorney’s Office in the Southern District of New York has issued a subpoena to the company over options backdating.

Popularity: 2% [?]

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XHTML: You can use these tags: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>




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