James Treacy joins General Counsel Myron Olesnyckyj on the list of former Monster.com execs charged in the firm's 1997 to 2005 stock option backdating schemes. Squarely in the doesn't bode well for Treacy column is the fact that Olesnyckyj plead guilty in February of last year.

Labels: backdating, James Treacy, Monster.com, Myron Olesnyckyj, stock options

Big day for accused stock option backdater and former Monster.com CEO, Andrew McKelvey:

A settlement with his former firm.

A deferred prosecution agreement with the New York DA.

And a big pay-out to the SEC.

I said a BIG day, not a good day. Sheesh.

-- MDT

Labels: Andrew McKelvey, backdating, Monster.com, stock options

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