The United States Attorney for the Southern District of New York has served the parent company of Monster.com with a subpoena related to the company's stock option practices. The company says it will cooperate fully.
For a Limited Time receive a
FREE Compensation Market Analysis Report! Find out how much you should be paying to attract and retain the best applicants and employees, with
customized information for your industry, location, and job.
Get Your Report Now!Earlier in the week, Monster Worldwide, Inc., said it had launched an internal audit of all of its stock-option grants. The company said a committee of independent directors of the company is conducting the review, and that the committee has retained independent outside legal counsel to assist.
In recent weeks, several companies have disclosed internal or federal inquiries of their stock option practices. Specifically, the inquiries are examining whether the dates of stock-option grants were changed to make them more lucrative to recipients.
On June 9, Broadcom Corporation said the Securities and Exchange Commission notified the company that the agency will be sending an informal request for information on the company's stock-option practices.
The company said it launched an internal review of stock options in mid-May.