Monster admits monstrous error
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Mistated results from 1997 to 2005... the online recruitment site - has told the Securities and Exchange Commission (SEC) that it has been over-stating its profits since the late 90s.â¦
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Â· Channel controller refuses to resign over editing error  Â· Staff are urged to look for any further 'incidents'
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The fast food giant proves last month's doubters wrong.
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The company's quarter was fairly ugly.
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(InfoWorld) - The practice of manipulating stock options grants to make them more favorable has come back to haunt yet another round of high-tech executives. A former Monster Worldwide Inc. executive is expected to agree to a plea deal in New York Thursday, just a day after the founder of Take-Two Interactive Software Inc. pleaded guilty to a state felony related to backdating. The U.S. Attorney's Office in Manhattan would not comment specifically on a Wall Street Journal report that Monster's former general counsel, Myron Olesnyckyj, will cooperate with its investigation into stock options practices at the company. However, a spokeswoman confirmed that there will be a court proceeding Thursday related to stock options at 12:45 PM ET and the office expects to release more information afterwards. Monster declined to comment beyond releasing the following statement: "The Company terminated this individual some time ago and it is inappropriate to comment on the developments. The Company will continue to cooperate with the government in this ongoing investigation." The U.S. Securities and Exchange Commission (SEC) Wednesday said that it simultaneously filed and settled civil charges against Ryan Brant, the former CEO and chairman of Take-Two, a video and computer game publisher and distributor, which he founded. The SEC alleged that during a seven-year period, Brant enriched himself and others by granting undisclosed, "in the money" stock options to himself and to other Take-Two officers and employees. Brant did not admit or deny the allegations, the SEC said, but agreed to a settlement that bars him from serving as the officer or director of a public company. He also agreed to pay about US$6.3 million, comprised of what the SEC called "ill-gotten gains" of more than $4 million plus $1 million interest, plus a $1 million civil penalty. The settlement must still be approved in court. A Take-Two representative said only that Brant is no longer an employee, and it would not be appropriate to comment on his actions as a private individual. Meanwhile, middleware vendor BEA Systems Inc. Wednesday announced the conclusion of its stock-option review. The review won't cost any high-level executives their job, but will cost a number of them money. Several former and current executives and directors have agreed to repay the company after-tax profits they realized on mispriced options.
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Is this money mistake costing you millions?
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A former top lawyer for website Monster pleads guilty to conspiracy and securities fraud regarding stock options.
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Monster Worldwide Inc. on Wednesday said its board fired the company's general counsel for cause related to its internal stock option investigation.
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The theft of contact information for job seekers in the database of Monster Worldwide Inc. may have been much greater than the 1.3 million individuals reported earlier this month, chief executive Sal Iannuzzi said yesterday.
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commentary Microsoft was a little unhappy with an article I wrote this week because it contained a slight factual error. The error arose from two separate companies finding an almost identical security hole
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The firm has rated the flaw as moderately critical. It demonstrated the flaw on its site, with options for both users who use pop-up blockers and those who don&#39;t.
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You can learn a lot from writing a newspaper column, especially when a reader calls in to say that you're wrong. I've just received a revealing critique that foreshadows a nasty new escalation in the battle over our digital rights.
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Game giant sued for failing to pay overtime. Meanwhile, blog sparks flurry of complaints about work conditions in game industry.
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Â· Ofcom identifies 'serious management failings'Â· Mistake was kept secret for three months
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One of the tongue-in-cheek rules that we column-writers have is, "Often wrong, never in doubt." Take a stand, don't duck and weave too much. But someone as opinionated as I am should not only have no doubt, but shouldn't be wrong too often. No one's perfect, though. As witness the column I wrote three weeks ago as I headed for vacation, warning you not to buy Google at its initial public offering price.
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Â· Cosmetic giant fined for recruitment campaign Â· First big French firm to be convicted of racial bias
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How bad is the Monster.com data breach? Bad enough. Did the crooks get their hooks in deep? Remarkably deep. Gregg Keizer has the details on what has gone wrong so far in the Infostealer.Monstres attack.