Feeds

Monster sacks general counsel

Lawyer takes long walk

Intelligent flash storage arrays

Online recruitment company monster.com will be scouring its own database of CVs looking for a replacement for the company's chief lawyer.

Monster suspended Myron Olesnyckyj, its general counsel and secretary back in September. He has now been sacked.

The company has been investigating the allocation of share options. The Securities and Exchange Commission is investigating dozens of technology companies over allegations that they illegally backdated share options.

Last month the company founder and chief executive Andrew McKelvey refused to be interviewed by the committee set up to investigate the share option scandal. He resigned from the board rather than face the investigating committee.

A statement on Monster.com says: "The company's Board of Directors has terminated Myron Olesnyckyj, the company's former senior vice president, General Counsel and Secretary, for cause. Mr Olesnyckyj was suspended from his position on September 19, 2006.

The board's action was taken with the concurrence of the Special Committee of independent directors reviewing the Company's historical stock option grant practices."

Ouch. Read the whole statement here.®

Intelligent flash storage arrays

More from The Register

next story
NSA mass spying reform KILLED by US Senators
Democrats needed just TWO more votes to keep alive bill reining in some surveillance
Google bags OBSCENELY LARGE Times Square ad space for New Year's
Choc Factory pays millions for whacking new digital screen
'Cleantech' a dirty word for VCs? RUBBISH!
They just think the current schemes are terrible
Bada-Bing! Mozilla flips Firefox to YAHOO! for search
Microsoft system will be the default for browser in US until 2020
prev story

Whitepapers

Choosing cloud Backup services
Demystify how you can address your data protection needs in your small- to medium-sized business and select the best online backup service to meet your needs.
A strategic approach to identity relationship management
ForgeRock commissioned Forrester to evaluate companies’ IAM practices and requirements when it comes to customer-facing scenarios versus employee-facing ones.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Mitigating web security risk with SSL certificates
Web-based systems are essential tools for running business processes and delivering services to customers.
Intelligent flash storage arrays
Tegile Intelligent Storage Arrays with IntelliFlash helps IT boost storage utilization and effciency while delivering unmatched storage savings and performance.