Monster Worldwide
| Name | Monster Worldwide, Inc. |
| Logo |  |
| Area Served | Worldwide |
| Industry | Employment agency |
| Homepage | http://corporate.monster.com |
Monster Worldwide, Inc., formerly TMP Worldwide, was an American company provider of employment services owned by Zen, JV, LLC. Just recently, Zen, JV, LLC entered into a Chapter 11 bankruptcy procedure where it sold some of its assets, including its job board technology operated by Monster Worldwide, to MCB Bermuda, Ltd, a subsidiary of Bold Holdings LLC.
History
In 1967-, Andrew McKelvey founded Telephone Marketing Programs (TMP), a directional marketing company, focused on Yellow Pages advertising. In 1993, McKelvey partnered with recruitment advertising innovator Don Tendler, formerly of Davis & Dorand, to launch and grow a recruitment division for TMP.
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.
Also in 1999, TMP Worldwide acquired LAI Worldwide, formerly Lamalie Associates, to create an executive search division.
Monster Worldwide
TMP Worldwide was officially renamed Monster Worldwide in May 2003, with its divisions Monster, TMP Worldwide Advertising & Communications and TMP Worldwide Directional Marketing all keeping their names. 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.
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.
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.
Randstad
In August 2016, Monster Worldwide was acquired by Dutch resource services provider Randstad for US$429 million.
CareerBuilder
On 2024-7-1-, 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.
See also
References
- FORM 10-K
- FORM 10-K
- Monster name change for TMP Worldwide, 2023-12-21, CNET, en
- Monster Worldwide - Products, Competitors, Financials, Employees, Headquarters Locations, 2023-12-21, www.cbinsights.com
- TMP Worldwide official website
- 17 March 1999, Yellow Pages Giant TMP to Acquire Executive-Search Firm LAI Worldwide, en, wsj.com
- 1999-03-12, COMPANY NEWS; TMP WORLDWIDE IS BUYING LAI IN $84 MILLION STOCK DEAL, en-US, The New York Times, Bloomberg News, 2023-12-21, 0362-4331
- Monster name change for TMP Worldwide, April 30, 2003, 2023-12-21, CNET, en
- Brown, Rodney, 2003-04-28, Monster brand eats up TMP Worldwide; company to become Monster Worldwide, Boston Business Journal
- 2006-09-01, TMP opts for $45M management buyout from Monster, Boston Business Journal
- TMP Worldwide , , LinkedIn, 2023-12-21, www.linkedin.com, en
- Monster Ex-Chief Is Found Guilty, 2009-05-12, 2009-05-13, The New York Times, Reuters
- Randstad Acquires Monster Worldwide for $429 Million, 2023-12-21, www.linkedin.com, en
- 2016-08-09, Randstad to buy US rival Monster for $429 million, 2023-12-21, CNBC, en
- CareerBuilder, LLC has reached an agreement to acquire Monster Worldwide, Inc. from Randstad N.V., 2024-07-01, 2024-08-02, MarketScreener, MarketScreener
External links
Category:Randstad NV
Category:American companies established in 1999
Category:Business services companies established in 1999
Category:Companies based in New York City
Category:Companies formerly listed on the Nasdaq
Category:Companies formerly listed on the New York Stock Exchange
Category:American subsidiaries of foreign companies
Category:2016 mergers and acquisitions
Category:2000 initial public offerings
Category:Monster.com