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			<p id="updated">Posted  AT 11:19 AM EST on 23/01/08</p>
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			<h2>Former Monster CEO fined for options backdating</h2>
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<p class="source">The associated Press</p>    
			
	
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			NEW YORK &#151; Andrew McKelvey, the former CEO of Monster Worldwide Inc., will pay about $276,000 (U.S.)  in penalties as part of a settlement with federal regulators over his role in a scheme to backdate stock options to employees of the online job-search company.
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