Monster Worldwide (MNST - NASDAQ) announced that William Pastore, who became CEO back in October 2006 in the wake of the stock option scandal, will step down as president and CEO effective immediately. Sal Iannuzzi, former CEO of Symbol Technologies will succeed him. Iannuzzi, a previously favored CEO pick of Liberum when he became CEO of Symbol Technologies, is a good pick despite the continuing uncertainties facing Monster. Iannuzzi
was chosen to lead Symbol when that firm was facing serious financial related problems as well. He managed to handle a very difficult situation. He cut costs and put Symbol back on track. He was at the helm when Motorola purchased Symbol back in September 2006 and the deal was finalized in January 2007.
It's possible Monster may at some point be a candidate for takeover. Keep your eye on Iannuzzi.
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