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Claim Your Free Copy of Overtime Primer: Highlights from the New Regulations

The federal DOL overtime regulations go into effect this year. Are you ready?

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This report includes a summary of key changes, including the salary level test and salary basis test.

As a bonus, we've included a handy flowchart to help you determine exemption status under the FLSA.

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June 13, 2006
Probes of Stock Options Widen

The United States Attorney for the Southern District of New York has served the parent company of with a subpoena related to the company's stock option practices. The company says it will cooperate fully.

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Earlier in the week, Monster Worldwide, Inc., said it had launched an internal audit of all of its stock-option grants. The company said a committee of independent directors of the company is conducting the review, and that the committee has retained independent outside legal counsel to assist.

In recent weeks, several companies have disclosed internal or federal inquiries of their stock option practices. Specifically, the inquiries are examining whether the dates of stock-option grants were changed to make them more lucrative to recipients.

On June 9, Broadcom Corporation said the Securities and Exchange Commission notified the company that the agency will be sending an informal request for information on the company's stock-option practices.

The company said it launched an internal review of stock options in mid-May.

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