Monster options backdating


NEW YORK -- The scandal over stock options backdating spread to yet another executive as the former chief executive of Monster Worldwide Inc., Andrew J.Mc Kelvey, quit his board seat and refused to sit for questions from fellow board members. Mc Guire quit as chairman earlier this month and will resign as CEO by Dec. So far, federal authorities have filed charges against former officials of two technology companies.



Mr Mc Kelvey struck a deal with prosecutors before his death last November.

"He did not understand that it was improper for the exercise price of stock to be different than the price on the grant dates, nor did he understand there were legal or accounting implications associated with that difference," Reich wrote in the letter.


Monster options backdating comments


  • Stock Option Backdating - St. John's Law Scholarship Repository profil de paulette60

    paulette60

    Feb 26, 2007. Nowicki, Jodell R. 2008 "Stock Option Backdating The Scandal, the Misconception & the Legal Consequences," Journal of Civil. Rights and Economic Development Vol. 25 See Maich, supra note 14, at 31 positing that Monster understated its options costs by $339.6 million over 6 years and Home.…
  • The Economic Impact of Backdating of Executive Stock Options profil de paulette60

    paulette60

    M. P. Narayanan, Cindi A. Schipani & H. N. Seyhun, The Economic Impact of Backdating of Executive Stock Options, 105 Mich. L. Rev. 1597 2007. Applied Micro Circuits. 56. Michaels Stores. 12. Arthrocare. 57. Monster Worldwide. 13. Asyst Technologies. 58 msystems. 14. Atmel. 59. Newpark Resources. 15. Barnes &.…
  • Ex-Monster Worldwide CEO Leaves Board - Washington Post profil de paulette60

    paulette60

    Oct 30, 2006. NEW YORK -- The scandal over stock options backdating spread to yet another executive as the former chief executive of Monster Worldwide Inc. Andrew J. McKelvey, quit his board seat and refused to sit for questions from fellow board members.…