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Companies’ directors don’t do much on a day-to-day basis; their departures don’t, to be honest, cause any real-world cogs to stick.  Still, it’s not too encouraging that Philip R. Lochner, Jr. left Monster Worldwide’s board of directors as the company’s stock sat near a 52-week low.

 Philip R. Lochner, Jr. Leaves Monster's Board Of Directors

Monster filed a report with the SEC today, but Lochner resigned on April 1, and that low (of $23.05) actually occurred on March 20, so it looks as if a little cause and effect may be at work.  December of 2006 – a much happier time, financially speaking – is when Lochner assumed his seat on Monster’s board.

Neither Lochner nor Monster is broadcasting much in the way of details, of course; the SEC document only states, “Mr. Lochner’s resignation from the Company’s Board of Directors did not involve any disagreement on any matter relating to the Company’s operations, policies or practices.”

Now, although Monster’s stock closed at $26.14 on Friday, it’s dropped back down to $25.12; investors don’t seem to approve of Lochner’s exit.

Dan Frommer also seems to suspect something’s up; he paraphrased Monster’s statement into the insubstantial assurance “it’s totally cool.”