Posted on
Thursday 1 May 2008
The former chief operating officer of the employment services company Monster Worldwide was arrested Wednesday, charged with backdating stock option grants to employees between 1997 and 2003. Prosecutors say the backdated option grants caused the understatement of $339 million in expenses between 1997 and 2005 by James Treacy, who allegedly received more than a million options himself on eight different grant dates, gaining more than $23 million.
Sorry, the comment form is closed at this time.