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March 19, 2008 / Toby Dayton

What’s Going On At Monster?

monster-dog.jpg As reported by the Silicon Alley Insider, Monster halted trading yesterday because it had to release a note concerning Q1 operating expenses that “appear to exceed the current analysts’ consensus expense levels.” The roughly $330M in operating expenses, purportedly relating to compensation and a big branding campaign, equals the previous 2 quarters combined! That’s some highly gluttonous executive compensation, especially for a company that saw about half its market cap get obliterated in 2007.

mnst-stock-chart.jpg

No wonder the stock is still getting  pounded.
[tags]Monster, Excessive Operating Expenses, Gluttonous Executive Compensation, MNST, Silicon Alley Insider, How To Further Tick Off Your Shareholders[/tags]

One Comment

  1. Lief Larson / Mar 19 2008 8:16 pm

    That cartoon is classic!

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