If you enjoy gossip on the demise of Monster as much as I do, then you’ll love a current forum thread going on at Yahoo! Finance.
52 week low – Sal and Tim split $1M
As shareholders deal with a 52 week low, and yes folks it’s going lower, Sal and his buddy Tim [Yates] split an ‘extra’ $1M just because they are great buddies of the board. Come on – nothing ever changes at this company.
Here’s the news to which they’re referring.
And yes, there’s more fun where that came from. Per another comment, “Since so many people have been let go the work load in Maynard is crazy. This money could have saved 20 jobs that were eliminated …”
Let’s see, overtaken by Indeed in traffic, layoffs restructuring galore and 52-week lows in the stock price. Now the mob head CEO and his pals are gettin’ theirs while Rome burns.
You da’ Monster!
Popularity: 8% [?]
March 9th, 2008 at 9:40 pm
Schadenfreude !
March 9th, 2008 at 9:47 pm
It’s mutual.
March 10th, 2008 at 12:35 pm
Is Indeed really bigger than monster now?
I thought Indeed is in 4 to 5 million monthly unique range while monster is in 15 to 20 million uniques per month.
April 2nd, 2008 at 8:39 pm
Monster is clearly out the door. They messed up and there is no turning back.