Monster Worldwide
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Monster Worldwide, Inc., formerly TMP Worldwide,[1] is an American provider of employment services, most notably Monster.com.[2] Through online media sites and services, the company delivers targeted audiences to advertisers.Script error: No such module "Unsubst".
History
In 1967Script error: No such module "Check for unknown parameters".,[3] Andrew McKelvey founded Telephone Marketing Programs (TMP), a directional marketing company, focused on Yellow Pages advertising.[4] In 1993, McKelvey partnered with recruitment advertising innovator Don Tendler, formerly of Davis & Dorand, to launch and grow a recruitment division for TMP.Script error: No such module "Unsubst".
In 1995, TMP's recruitment division acquired The Monster Board and Online Career Center (OCC). TMP Worldwide went public in 1996 and its career websites grew and eventually merged as Monster.com in 1999.Script error: No such module "Unsubst".
Also in 1999, TMP Worldwide acquired LAI Worldwide,[5][6] formerly Lamalie Associates, to create an executive search division.Script error: No such module "Unsubst".
Monster Worldwide
TMP Worldwide was officially renamed Monster Worldwide in May 2003,[7][2] with its divisions Monster, TMP Worldwide Advertising & Communications and TMP Worldwide Directional Marketing all keeping their names.[2] The former eResourcing and Executive Search divisions of TMP were also spun off to create Hudson Highland Group. The Yellow Pages directional marketing division was sold in 2005.Script error: No such module "Unsubst".
Radancy
On August 31, 2006, Monster Worldwide's advertising and recruitment operations split to form TMP Worldwide Advertising & Communications, LLC in a US$45 million management buyout.[8][9]
Option backdating
James J. Treacy (1959-2020), who served as president and CEO of Monster, was charged of conspiring with other officers of the company to systematically backdate option grants over a period from 1997 to 2003. He was found guilty by a jury in May 2009 in the United States District Court for the Southern District of New York, and was ultimately sentenced to serve two years in prison.[10]
Randstad
In August 2016, Monster Worldwide was acquired by Dutch resource services provider Randstad for US$429 million.[11][12]
CareerBuilder
On July 1, 2024Script error: No such module "Check for unknown parameters"., Randstad agreed to transfer a controlling interest in Monster Worldwide to CareerBuilder, LLC, represented by the latter's investors, including Apollo Funds. Randstad was to continue to hold a minority stake. The new company structure was to include senior executives from both companies.[13]
See also
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References
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External links
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- Randstad NV
- American companies established in 1999
- Business services companies established in 1999
- Companies based in New York City
- Companies formerly listed on the Nasdaq
- Companies formerly listed on the New York Stock Exchange
- American subsidiaries of foreign companies
- 2016 mergers and acquisitions
- 2000 initial public offerings
- Monster.com