Monster Founder Dies At 74

Andrew J. McKelvey, the man who built Monster.com into a worldwide job search brand, died Thursday in New York City from pancreatic cancer.

In the 1990s, the 74-year-old billionaire fashioned what is today Monster Worldwide from a Yellow Pages advertising firm and two of the earliest online job boards, The Monster Board and Online Career Center. McKelvey got into the advertising business in 1967 when he founded Telephone Marketing Program, which would later lend its acronym to the fledgling advertising conglomerate, TMP Worldwide.

In the early years, the Yellow Pages advertising division was the financial engine for the business. But by 2003, in acknowledgment of the direction the company was headed, TMP Worldwide became Monster Worldwide. Three years later the division was sold off piecemeal with capital fund management firm Veronis Suhler Stevenson getting the North American portion.

By then McKelvey was on his way out as chairman and CEO of the company he founded. He resigned in late 2006 in the midst of an investigation by the Justice Department and the Securities and Exchange Commission into the backdating of stock options by the company. McKelvey later admitted to playing a role in authorizing the backdating and paid a cash settlement. Because of his already advanced cancer, prosecutors agreed to postpone further court action.

Less well known is McKelvey’s philanthropy. The Associated Press says that since 2001, he has donated $25 million to the Andrew J. McKelvey Lung Transplantation Center at Emory University in Atlanta and has given $3 million to the Andrew J. McKelvey Lower School at the Hewitt School in New York.

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His McKelvey Foundation has supported over 600 college students across the country, and he has provided funding for Big Brothers Big Sisters of America and for the Andrew J. McKelvey Campus Center at his alma mater, Westminster College in New Wilmington, Pa.

McKelvey is survived by his children, Geoffrey, Stuart, Christine, Amanda, as well as six grandchildren.

John Zappe is the editor of TLNT.com and a contributing editor of ERE.net. John was a newspaper reporter and editor until his geek gene lead him to launch his first website in 1994. He developed and managed online newspaper employment sites and sold advertising services to recruiters and employers. Before joining ERE Media in 2006, John was a senior consultant and analyst with Advanced Interactive Media and previously was Vice President of Digital Media for the Los Angeles Newspaper Group.

Besides writing for ERE, John consults with staffing firms and employment agencies, providing content and managing their social media programs. He also works with organizations and businesses to assist with audience development and marketing. In his spare time  he can be found hiking in the California mountains or competing in canine agility and obedience competitions.

You can contact him here.

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