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Mar 27 2007
2:00PM
EDT
Another Monster Executive Falls
Myron F. Olesnyckyj, the former general counsel of Monster Worldwide, pleaded guilty to securities fraud and conspiracy in the lingering backdated stock options scandal. He agreed to forfeit $381,000 even before he is sentenced, the Securities and Exchange Commission said.
Olesnyckyj settled a related civil case by accepting a permanent ban from being an officer or director of a public company, without admitting or denying the allegations.
Monster's chairman, chief executive and founder, Andrew J. McKelvey, resigned last October after refusing to answer questions about backdating.
by Mark Stein
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