Monster Restates Reports, Blames Stock Option Grants
The company, just one of a multitude ensnared in the stock option backdating scandal, has fired one executive. Another executive resigned in light of the probe.
In a filing with the U.S. Securities and Exchange Commission, Monster restated its historical financial statements, recording a cumulative charge of $339.6 million for stock options granted between 1997 and March 31, 2003....
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