May 2, 2008

Ryland Group Chairman and CEO Dreier exercises options

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The chairman, president and chief executive of homebuilder Ryland Group Inc. exercised options for 80,000 shares of common stock under a prearranged trading plan, according to a Securities and Exchange … via International Business Times

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SEC sues Birmingham mayor over benefits from bond firm

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The Securities and Exchange Commission filed suit against Mayor Larry Langford on Wednesday, accusing him of taking more than $156,000 from a friend whose financial firm handled bond transactions that have … via WAAY-TV Huntsville

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Former Monster Worldwide officer charged in NY

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“With the benefit of hindsight, Treacy created an opportunity for himself and others at Monster to reap substantial benefits by awarding backdated option grants with particularly advantageous exercise prices” The former chief operating officer of Monster Worldwide was arrested Wednesday, charged with backdating stock option grants to employees between 1997 and 2003. via New Jersey News

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Company running Louisiana’s embattled hurricane rebuilding program pays CEO $1.5 million bonus

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“The state has made it very clear that we are not pleased with ICF’s performance in running the Road Home program and has been pushing for greater customer service and compassion to homeowners” The company running Louisiana’s Road Home hurricane rebuilding program paid its chief executive a $1.5 million performance bonus in 2007, drawing criticism from officials who say the company is stumbling in its … via Canadian Business Magazine

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Father and son fined for insider trading

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A former director of Community Bancorp and his son have agreed to pay more than $73,000 to settle charges with the SEC that they profited from inside information. via InvestmentNews

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Interpublic to settle With SEC

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“We are very pleased to have settled with the SEC and we believe this matter is now behind us” Interpublic Group of Cos. and its global agency network McCann Erickson Worldwide on Thursday said they will pay $12 million to end a longtime accounting probe by the U.S. Securities and Exchange Commission. via Crain’s New York Business

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Synovus Financial Advisory Director Joe E. Beverly sells 33,807 shares of common stock

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The advisory director of financial services company Synovus Financial Corp. sold 33,807 shares of common stock, according to a Securities and Exchange Commission filing. via Canadian Business Magazine

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SEC fines BofA units $9.8M

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The Securities and Exchange Commission has ordered Banc of America Investment Services Inc. via The Birmingham News

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New title doesn’t lead to raise for Jerry Yang

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Yahoo co-founder Jerry Yang added the chief executive’s job to his workload last year, but his salary remained unchanged at $1 - a token payment he has accepted for years because the Internet company already … via SiliconValley.com

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April 29, 2008, issue

SEC News Digest


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