Newspaper wrap-up 7-20-07: Monster founder involved in options backdating
Posted Jul 20th 2007 9:15AM by Eric Buscemi
Filed under: Newspapers, Magazines, Alcoa Inc (AA), Monster Worldwide (MNST)
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MAJOR PAPERS:
- Barron's Online's (subscription required) "Inside Scoop" reported that a batch of sales at Alcoa Inc (NYSE: AA) has followed Alcoa's withdrawal of its offer to purchase Alcan Inc (NYSE: AL): from July 13-17, four senior executives grossed $41.3M by selling 877,600 shares on the open market at per-share prices ranging from $46.67 to $47.47, according to SEC data.
- Andrew McKelveey, the founder and former CEO of Monster Worldwide Inc (NASDAQ: MNST) was allegedly involved in the backdating of stock option grants for employees, reported the Wall Street Journal (subscription required).
OTHER PAPERS:
- Vodafone Group plc (NYSE: VOD) CEO Arun Sarin made a concession to rebel shareholders yesterday by promising to release value from Verizon Wireless, a joint venture in which Vodafone has a 45% stake, reported the U.K. Times.
- From BusinessWeek's "Inside Wall Street" column:
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