Wall Street Journal (05/15/12) Lauren Weber
Monster Worldwide Inc. has seen its stock tumble from close to $50 in 2006 to less than $7 in early 2012, but chief executive Sal Iannuzzi says the company has been re-energized by the inclusion of advanced search products for recruiters and job boards for government agencies, and he says he is considering such “strategic alternatives” as a sale of all or parts of the company. Iannuzzi, who will not indicate whether there is a potential buyer, says, “The company is stronger today than it’s been at any point in the last seven or eight years. But the stock price just was not indicating that, and I owe it as part of my fiduciary responsibility to increase shareholder value any way that I can.”
New Webinar: CareerBuilder Staffing and Recruiting Talent Brief
As many as 75% of staffing and recruiting professionals say some of their currently existing talent acquisition and human capital management roles will be completely automated using technology over the next 10 years. Find out how this will impact your business.