Monster Worldwide, Inc.
TypeSubsidiary of Randstad Holding
IndustryEmployment agency
Founded1967 (1967)
Headquarters133 Boston Post Road Building 15 Weston, Massachusetts[1]
Area served
Worldwide
ParentRandstad Holding
Websitewww.corporate.monster.com

Monster Worldwide, Inc., formerly TMP Worldwide,[2] is an American provider of employment services, most notably Monster.com.[3] Through online media sites and services, the company delivers targeted audiences to advertisers.

History

In 1967,[1] 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.

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,[5][6] formerly Lamalie Associates, to create an executive search division.

TMP Worldwide was officially renamed Monster Worldwide in May 2003,[7][3] with its divisions Monster, TMP Worldwide Advertising & Communications and TMP Worldwide Directional Marketing all keeping their names.[3] 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.

On August 31, 2006, Monster Worldwide's advertising and recruitment operations split to form TMP Worldwide Advertising & Communications, LLC in a $45 million management buyout.[8][9]

In August 2016, Monster Worldwide was acquired by Dutch resource services provider Randstad for $429 million.[10][11]

Option backdating

James J. Treacy, 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.[12]

References

  1. 1 2 "Monster Worldwide - Products, Competitors, Financials, Employees, Headquarters Locations". www.cbinsights.com. Retrieved 2023-12-21.
  2. ↑ "Monster name change for TMP Worldwide". CNET. Retrieved 2023-12-21.
  3. 1 2 3 Brown, Rodney (April 28, 2003). "Monster brand eats up TMP Worldwide; company to become Monster Worldwide". Boston Business Journal.
  4. ↑ "TMP Worldwide official website".
  5. ↑ "Yellow Pages Giant TMP to Acquire Executive-Search Firm LAI Worldwide". wsj.com. 17 March 1999.
  6. ↑ "COMPANY NEWS; TMP WORLDWIDE IS BUYING LAI IN $84 MILLION STOCK DEAL". The New York Times. Bloomberg News. 1999-03-12. ISSN 0362-4331. Retrieved 2023-12-21.
  7. ↑ "Monster name change for TMP Worldwide". CNET. April 30, 2003. Retrieved 2023-12-21.
  8. ↑ "TMP opts for $45M management buyout from Monster". Boston Business Journal. September 1, 2006.
  9. ↑ "TMP Worldwide | LinkedIn". www.linkedin.com. Retrieved 2023-12-21.
  10. ↑ "Randstad Acquires Monster Worldwide for $429 Million". www.linkedin.com. Retrieved 2023-12-21.
  11. ↑ "Randstad to buy US rival Monster for $429 million". CNBC. 2016-08-09. Retrieved 2023-12-21.
  12. ↑ "Monster Ex-Chief Is Found Guilty". The New York Times. Reuters. May 12, 2009. Retrieved May 13, 2009.
    • Historical business data for Monster Worldwide, Inc.:
    • SEC filings


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