Monster Worldwide: 10-K Lowlights (MNST)

Online job site and aspiring “life improvement engine” Monster Worldwide (MNST) filed its year-end report to the SEC. The company spelled out its full-year charges, including:

  • $16.6 million for restructuring
  • $15.8 million of severance related to the departure of three execs in Q2, of which $12.8 million is non-cash, accelerated vesting of stock awards
  • $19.1 million of professional fees related to the ongoing stock option investigation
  • $9.0 million for the August 2007 security breach of its resume database

See Also: Monster Q4: Beats Street On Revenue, Misses On EPS

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