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updated 00:15, Tue November 06, 2007

Korn/Ferry to Buy Back Another $50 Million of Shares

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LOS ANGELES (AP) -- Executive recruitment company Korn/Ferry International said Monday it plans to buy back up to another $50 million of shares.

The company previously approved repurchases totaling $125 million. In its Sept. 6 earnings announcement, Korn/Ferry said that as of July 31, about $88.4 million of that amount had been used to buy back 4.1 million shares. Korn/Ferry had 48.4 million shares outstanding as of Sept. 5.

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