February 16, 2007 |
A former top executive of the company that runs the Monster job search website admitted in court Thursday that he illegally backdated millions of dollars in employee stock option grants -- a practice that cheats shareholders. Myron Olesnyckyj, 45, of New Providence, N.J., pleaded guilty to securities fraud and conspiracy to commit securities fraud, charges that carry potential penalties of as much as 25 years in prison and fines of more than $5.2 million.
November 23, 2006 |
Monster Worldwide Inc., the parent of job search site Monster.com, said Wednesday that it terminated Myron Olesnyckyj, the company's lead lawyer, as part of its investigation into past stock-option grant practices. Olesnyckyj, the company's general counsel, is the second high-ranking executive to leave the company over backdated stock options. Andrew J. McKelvey resigned his posts as chairman and chief executive Oct. 9 but at the time retained his seat on the board as chairman emeritus.
July 4, 1999 |
To mark Independence Day, some 7,500 Americans will auction themselves to the highest bidders today in hopes of landing better jobs. That's roughly how many people--most in their 30s, with above-average skills, education and pay levels--have agreed to present their professional and personal profiles on Monster.com's new Internet site and invite potential employers to bid for their services.