Apparently terminally ill multimillionaire Monster.com founder Andrew McKelvey just confessed in falsified SEC filings and back-dated stock options for company employees. As part of a deal McKelvey has agreed to pay Monster.com $8 million and convert his 4.7 million shares from super voting to common type (voting power went from 10 to 1 per share).
One might wonder is recent departure of EVP of Sales Steve Pogorzelski has anything to do with this.