TechWeb

Monster Parent's Spin-Off

Oct 27, 2002 (07:10 PM EST)

Read the Original Article at http://www.informationweek.com/news/showArticle.jhtml?articleID=6503639


TMP Worldwide Inc., parent of Monster.com, is spinning off its executive-search business, which staffs senior-level professional jobs, and its E-resourcing unit, which fills jobs in accounting, health care, and technology, to form a separate publicly traded company. According to TMP executives, the as-yet-unnamed spin-off, which will have a separate IT infrastructure from TMP, is designed to eliminate any perceived conflict with the recruiting interests of Monster.