• RSS Feed

The LinkUp Blog The Industry's Best-Kept Secret

October 10, 2006 / Toby Dayton

Monster CEO Resigns Over Options Scandal

The CEO of Monster, Andrew McKelvey, has resigned as a result of the options back-dating scandal that has plagued the company. McKelvey cited his inability to meet the demands of running the company while also devoting the hours required for the probe into the company’s options granting process. Given the fact that the probe is being handled by outside counsel and outside directors, it seems a little strange that McKelvey would have to spend an inordinate amount of time with the investigation. We’ll see.

[tags]Monster, Andrew McKelvey, Options Backdating, Options Scandal, Corporate Scandal, White-Collar Crime, Excessive Greed, Corporate Fraud[/tags]

2 Comments

  1. Matt Martone / Oct 10 2006 4:41 pm

    Interesting reporting in our space. Thanks Toby.

  2. gl hoffman / Oct 11 2006 10:43 am

    JobDig has recently launched Wichita. Our aprpoach brings a print element that is lacking in most online job boards. Print is more relevant, local in nature, and due to the trucks and trees element means that the jobs presented in JobDig are real, available, local and timely. Our users can get print, web, even radio and TV with one call. Plus, our sales people truly help HR people create better ads. Just thought you should know. Oh, wait you do know all this. Keep up the good work!

Comments are closed.