Accentuating the caveat emptor perspective with critical commentary on financial disclosure. I adopt a skeptical persona and look for chinks in the teflon coating of financial disclosure. My job is to identify financial warts. Perhaps a Black Swan. Disclosure: I do not hold positions in stocks mentioned for three trading days before or after blog post.
Monday, May 18, 2009
Monster Settles With SEC
Monster (NYSE:MWW) settled with the SEC and paid a fine of $2.5 million relating to option back-dating. While everyone realizes that they now have new management the shareholder is still being penalized. Headlines all point to previous executives being found guilty by jury. I have not yet been able to find any reference of Director and Officer Liability insurance covering some or all of the costs. Does the investor have to suck up everything.