Myron Olesnyckyj, former general counsel for jobsite, Monster.com is expected to plead guilty in relation to the stock options lawsuit filed by regulators against his former firm. Olesnyckyj (say it ten times fast - hell, say it once!) cut a deal with prosecutors that will see him testify against his former boss, Andrew McKelvey, Monster.com's founder and former CEO.

We've already seen a wave of GCs quietly or quite publicly dumped by firms under investigation by the SEC in relation to stock option backdating irregularities. How many will flip, like Olenyckyj, to testify against their former bosses...time will tell.

-- MDT

Labels: backdating, homeland security, Monster.com, stock options