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10/25/2002
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Monster Parent's Spin-Off

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.

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