{{Short description|American company}} {{about|the company|the website|Monster.com|the audio/video cable company|Monster Cable Products}} {{Infobox company | name = Monster Worldwide, Inc. | logo = Monster.com Logo 2019.svg | foundation = {{start date and age|1967}} | area_served = Worldwide | industry = Employment agency | homepage = {{URL|http://corporate.monster.com}} | footnotes = <ref>{{cite web|url=https://www.sec.gov/Archives/edgar/data/1020416/000104746906002102/0001047469-06-002102.txt|title=FORM 10-K}}</ref><ref>{{cite web|url=https://www.sec.gov/Archives/edgar/data/1020416/000102041616000126/0001020416-16-000126.txt|title=FORM 10-K}}</ref> }}
'''Monster Worldwide, Inc.''', formerly '''TMP Worldwide''',<ref>{{Cite web |title=Monster name change for TMP Worldwide |url=https://www.cnet.com/culture/monster-name-change-for-tmp-worldwide/ |access-date=2023-12-21 |website=CNET |language=en}}</ref> 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 {{start date|1967|df=y|}},<ref name="cbinsights">{{Cite web |title=Monster Worldwide - Products, Competitors, Financials, Employees, Headquarters Locations |url=https://www.cbinsights.com/company/monster-worldwide |access-date=2023-12-21 |website=www.cbinsights.com}}</ref> Andrew McKelvey founded Telephone Marketing Programs (TMP), a directional marketing company, focused on Yellow Pages advertising.<ref>{{cite web |title=TMP Worldwide official website |url=http://www.tmp.com/who-we-are/#/history/}}</ref> 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|date=August 2024}}
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|date=August 2024}}
Also in 1999, TMP Worldwide acquired LAI Worldwide,<ref>{{cite news |date=17 March 1999 |title=Yellow Pages Giant TMP to Acquire Executive-Search Firm LAI Worldwide |language=en |website=wsj.com |url=https://www.wsj.com/articles/SB921196636322761491}}</ref><ref>{{Cite news |author=<!--not stated--> |date=1999-03-12 |title=COMPANY NEWS; TMP WORLDWIDE IS BUYING LAI IN $84 MILLION STOCK DEAL |language=en-US |work=The New York Times |agency=Bloomberg News |url=https://www.nytimes.com/1999/03/12/business/company-news-tmp-worldwide-is-buying-lai-in-84-million-stock-deal.html |access-date=2023-12-21 |issn=0362-4331}}</ref> formerly Lamalie Associates, to create an executive search division.{{citation needed|date=August 2024}}
===Monster Worldwide=== TMP Worldwide was officially renamed Monster Worldwide in May 2003,<ref>{{Cite news |author=<!--not stated--> |title=Monster name change for TMP Worldwide |date=April 30, 2003 |url=https://www.cnet.com/culture/monster-name-change-for-tmp-worldwide/ |access-date=2023-12-21 |website=CNET |language=en}}</ref><ref name=":0">{{Cite news |last=Brown |first=Rodney |date=2003-04-28 |title=Monster brand eats up TMP Worldwide; company to become Monster Worldwide |work=Boston Business Journal |url=https://www.bizjournals.com/boston/blog/mass-high-tech/2003/04/monster-brand-eats-up-tmp-worldwide-company.html}}</ref> with its divisions Monster, TMP Worldwide Advertising & Communications and TMP Worldwide Directional Marketing all keeping their names.<ref name=":0" /> 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|date=August 2024}}
===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.<ref>{{Cite news |date=2006-09-01 |title=TMP opts for $45M management buyout from Monster |work=Boston Business Journal |url=https://www.bizjournals.com/boston/stories/2006/08/28/daily35.html}}</ref><ref>{{Cite web |title=TMP Worldwide {{!}} LinkedIn |url=https://www.linkedin.com/company/tmp-worldwide |access-date=2023-12-21 |website=www.linkedin.com |language=en}}</ref>
===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.<ref>{{cite news |title=Monster Ex-Chief Is Found Guilty |date=2009-05-12 |accessdate=2009-05-13 |work=The New York Times |agency=Reuters |url=https://www.nytimes.com/2009/05/13/technology/13monster.html }}</ref>
===Randstad=== In August 2016, Monster Worldwide was acquired by Dutch resource services provider Randstad for US$429 million.<ref>{{Cite web |title=Randstad Acquires Monster Worldwide for $429 Million |url=https://www.linkedin.com/pulse/randstad-acquires-monster-worldwide-429-million-scott-a-scanlon |access-date=2023-12-21 |website=www.linkedin.com |language=en}}</ref><ref>{{Cite web |date=2016-08-09 |title=Randstad to buy US rival Monster for $429 million |url=https://www.cnbc.com/2016/08/09/randstad-holding-to-acquire-monster-worldwide.html |access-date=2023-12-21 |website=CNBC |language=en}}</ref>
===CareerBuilder=== On {{start date|2024|7|1|df=y|}}, 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.<ref name="mktscreen">{{cite web |url=https://www.marketscreener.com/quote/stock/RANDSTAD-N-V-6432/news/CareerBuilder-LLC-has-reached-an-agreement-to-acquire-Monster-Worldwide-Inc-from-Randstad-N-V--47315810/ |title=CareerBuilder, LLC has reached an agreement to acquire Monster Worldwide, Inc. from Randstad N.V. |date=2024-07-01 |accessdate=2024-08-02 |work=MarketScreener |author=MarketScreener }}</ref>
==See also== {{Portal|Companies}} *Apollo Global Management *CareerBuilder *Monster.com *Randstad NV
==References== {{Reflist|1}}
==External links== {{Finance links historical | name = Monster Worldwide, Inc. | sec_cik = 1020416 }} {{Monster Worldwide|state=expanded}} {{Randstad Holding|state=autocollapse}}
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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 Category:Companies that filed for Chapter 11 bankruptcy in 2025
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