Monster Worldwide Suspends GC As Options Probe Continues
Monster Worldwide Inc. suspended Myron Olesnyckyj, senior vice president, general counsel and secretary, while an internal investigation of stock option grant practices continues. The company's Sept. 19 announcement that the board of directors had suspended Olesnyckyj, effective immediately, came three months after a committee of independent directors, with the assistance...
September 22, 2006 at 08:18 AM
4 minute read
The original version of this story was published on Law.com
Monster Worldwide Inc. suspended Myron Olesnyckyj, senior vice president, general counsel and secretary, while an internal investigation of stock option grant practices continues.
The company's Sept. 19 announcement that the board of directors had suspended Olesnyckyj, effective immediately, came three months after a committee of independent directors, with the assistance of independent outside counsel, began an internal review of the company's stock option grants. The company later announced it probably would have to restate financial results for 2005 and previous years to account for various stock option grants.
Olesnyckyj joined the company in June 1994. He previously was associated with Fulbright & Jaworski and predecessor firms.
Monster Worldwide Inc is the parent company of Monster.com, an online job placement site.
The company's Sept. 19 announcement that the board of directors had suspended Olesnyckyj, effective immediately, came three months after a committee of independent directors, with the assistance of independent outside counsel, began an internal review of the company's stock option grants. The company later announced it probably would have to restate financial results for 2005 and previous years to account for various stock option grants.
Olesnyckyj joined the company in June 1994. He previously was associated with
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