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Online job recruitment rose modestly, indicating the start of a mild hiring pickup, online job search site Monster Worldwide said Thursday.
Monster Worldwide Inc., which operates the job search site Monster.com, said its third-quarter earnings fell 23 percent — evidence employers were still nervous to hire.
The former president and chief operating officer of the online job services company Monster Worldwide has been sentenced in New York to two years in prison for stock options fraud.
Shares of Monster Worldwide Inc. jumped Friday as an analyst said the online help-wanted service is the only major Internet employment site that is stabilizing.
Monster Worldwide Inc. sunk to a second-quarter loss as the online help-wanted service's revenue plunged 37 percent against a backdrop of rising unemployment.
Monster Worldwide Inc., which runs the Monster job search Web site, has agreed to pay $2.5 million to settle federal civil charges that it secretly backdated options for its executives and employees.
The former president and chief operating officer of Monster Worldwide has been convicted in New York of wrongfully backdating millions of dollars' worth of employee stock option grants.
Sal Iannuzzi, the chief executive of Monster Worldwide Inc., received compensation in 2008 valued at $8.2 million — a 37 percent decline from the year before — according to an Associated Press analysis of a Wednesday SEC filing.
Shares of Monster Worldwide Inc. tumbled Thursday as an analyst, saying the job Web site faces a significant revenue decline, cut his profit estimates for this year and 2010.
Andrew McKelvey, the billionaire founder and former chief executive of Monster Worldwide Inc., died early Thanksgiving morning in New York after a long battle with pancreatic cancer, his family said. He was 74.
Monster Worldwide Inc., a major online job-search site, said Wednesday it was beefing up its security measures following a significant data breach this month.
A former senior vice president of the company that runs the Monster job search Web site pleaded guilty Thursday to conspiracy and fraud charges.
Heads Roll at Cnet, McAfee and MonsterScandals are rampant in big business these days and three well-known technology companies are joining the club.
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