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Report - Monster founder dies

December 01 2008

Andrew McKelvey, the founder of Monster Worldwide Inc. (NASD: MNST) died Nov. 27 after suffering from pancreatic cancer, The Associated Press reported. McKelvey began a company called Telephone Marketing Program in 1967, later known as TMP Worldwide, and bought the Monster Board and Online Career Center in 1995, according to The Associated Press.

McKelvey resigned from his positions of chairman and CEO at Monster in October 2006 amid a stock options backdating investigation.

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