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Monster Worldwide, Inc., formerly TMP Worldwide,[4] is an American provider of employment services, most notably Monster.com.[5] Through online media sites and services, the company delivers targeted audiences to advertisers.[citation needed]
 | |
| Company type | Subsidiary |
|---|---|
| Industry | Employment agency |
| Founded | 1967 |
| Headquarters | 133 Boston Post Road Building 15 Weston, Massachusetts[1] |
Area served | Worldwide |
| Parent | Randstad Holding |
| Website | corporate |
| Footnotes / references [2][3] | |
In 1967,[1] Andrew McKelvey founded Telephone Marketing Programs (TMP), a directional marketing company, focused on Yellow Pages advertising.[6] In 1993, McKelvey partnered with recruitment advertising innovator Don Tendler, formerly of Davis & Dorand, to launch and grow a recruitment division for TMP.[citation needed]
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.[citation needed]
Also in 1999, TMP Worldwide acquired LAI Worldwide,[7][8] formerly Lamalie Associates, to create an executive search division.[citation needed]
Monster Worldwide
TMP Worldwide was officially renamed Monster Worldwide in May 2003,[9][5] with its divisions Monster, TMP Worldwide Advertising & Communications and TMP Worldwide Directional Marketing all keeping their names.[5] 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.[citation needed]
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.[10][11]
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.[12]
Randstad
In August 2016, Monster Worldwide was acquired by Dutch resource services provider Randstad for US$429 million.[13][14]
CareerBuilder
On 1 July 2024, 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.[15]
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