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Monster Worldwide, Inc. Message Board

salpleasego 90 posts  |  Last Activity: 3 hours ago Member since: Jan 27, 2012
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  • The great escape is on - I'll write up the details latter but here is what they did.

    Pretty much every year they missed their bonus numbers and pretty much every year the board overlooked that and gave it to them anyways. When part of their bonus was stock and they didn't hit the numbers they took back that stock and gave them a new plan that included the previous amount plus the new amount. In essence they rolled it forward in the hope that one day they hit the number and take it with them.

    Guess what that never happened so Sal and team created an escape hatch - the word 'retire.' Not fired for or without cause, not disability, not resigned for reason or no reason, no change of control. Just say you know what I 'retire' and all your cash and prizes vest. Just say retire and we will pay out your severance just like you were fired without cause.

    Give Sal $13M in a long term strategic bonus - for him to stay and fix the heap of mess that he created - but instead he says the magic word - I 'retire' and it all vests - he gets his bonus and pay out and salary for a year and medical until he is 65.

    Expect Tim and other to use it as well - 2015 - they all walk away - 2016 it's bankruptcy.

  • salpleasego by salpleasego Apr 6, 2015 9:47 AM Flag

    EGO much?

    2006 - Bill was only paid $800K as CEO
    2007 - After the slaughter Sal paid $1M as CEO
    2013 - Increased to $1.1M as CEO
    2015 - Tim (retired timmy) gets $750K as CEO

    Why did we pay more for perhaps the worst CEO so far in this century?

  • salpleasego by salpleasego Apr 3, 2015 10:19 AM Flag

    Job numbers were pretty bad in March and revised down for Jan and Feb. That's why we missed our numbers folks - even though it has nothing to do with it and Linkedin will be up 40% YoY. Dice and the others will be up 10-20% YoY but hey they don't swim in the same cess pool that Monster does - they don't know - beside we are the market/traffic leader in a some metric that we don't share but tell you we are number 1 in!

    Have a good holiday bunny. I like mine wrapped in bacon but hey - girls gotta eat.

  • Reply to

    Next - Lise gone

    by salpleasego Apr 2, 2015 11:12 AM
    salpleasego salpleasego Apr 2, 2015 12:59 PM Flag

    Don't feel bad for her though - notice they used the word 'retire' that means she gets paid out - salary for a year, bonus, medical (not for life like Sal), and of course all options and RSU's vest.

    Same thing for Sal - enjoy the spoils of the company that you utterly spoiled - nobody to blame but you.

  • salpleasego by salpleasego Apr 2, 2015 11:12 AM Flag

    Hey girl don't let the door hit you on the way out - thanks for the 4 weeks notice. Don't sell your shares until May 2nd and you won't have to report them since you won't be an officer anymore.

    They needed another write off/cover because Q1 did not grow as expected. Expect to see more creative accounting and interesting facts.

    For example in the last earnings call they said membership grew 3M in the quarter to 220M or up 6%. Yet last year it was up 4M (new member every 2 seconds = just shy of 4M.)

    Also anybody find it odd that they won't give predictions on bookings yet they mentioned bookings over 20 times on the call?

    Or the Gem about Asia - up 10% yet it's only 10% of sales and it was only up in two countries - net 1% or nothing really.

    Every quarter they do this random facts that sound great but nearly 10 years into the reign of Sal and Symbol it's still going down.

    Lise - you did the right thing - sell your shares as soon as possible and hope you don't get sued or a clawback.

  • salpleasego by salpleasego Mar 25, 2015 1:32 PM Flag

    Going through spreadsheets for the next round of layoffs?

    Updating Linkedin profile?

    Interviewing for the next Monster?

    Eating pizza and dialing for dollars?

    Given up and just started drinking at lunch?

  • Reply to

    Updated Short Interest Tonight

    by salpleasego Mar 24, 2015 10:43 AM
    salpleasego salpleasego Mar 24, 2015 5:55 PM Flag

    Wrong AGAIN!!!!

    Short interest up over 2.6M shares - it's almost 30%

    Short interest = all time high - insiders dumping stock - hmmm guess Q1 is yet another blood bath and this thing is closer to bankruptcy than you might think!

    Tim might be worse than Sal or Sal knew it was coming....I can't change my name to Salpleasecomeback though.....

  • Any guess - I think it heads down but I've been wrong before.

  • salpleasego by salpleasego Mar 23, 2015 9:47 AM Flag

    The insiders have rarely sold - except to cover options which is a crock because they get paid way more than enough to cover those taxes......but now they have just straight up started to sell.

    Stoever - $83,739.69 on 3/2
    Langrock - $91,250.64 on 3/2
    Poulos - $72,838.49 on 3/2
    McGuiness - $80,789.96 on 3/2

    I think they tried to sneak these in by putting them on a normal sell to cover taxes option trade 'F' code - but there is a second line with a 'S' code for Sale.

    You know what they say when the rats start leaving the sinking ship.

  • salpleasego by salpleasego Mar 17, 2015 2:02 PM Flag

    Are they being ordered - how goes the dialing for dollars? End of the quarter push people - let me be clear I need to see a phone sticking to your ear! 80 calls let's get moving people!

  • salpleasego by salpleasego Mar 16, 2015 2:22 PM Flag

    Must not have much if they are pumping another press release.

  • salpleasego by salpleasego Mar 13, 2015 5:12 PM Flag

    Big push was bookings up 8% - and other things that they don't report so you can't fact check - a lot of mention of internal metrics and such and that.

    I think Q1 is slight down - currency headwinds and such but also I see nothing in deferred revenue to suggest a change. Last two years Q4 to Q1 has been down less than a million.

    It still walks like a duck and quacks like a duck.

    Deferred revenue difference and percentage
    Q3 - Q4 2011 - 27.8M - 8.4%
    Q3 - Q4 2012 - 18.8M - 5.6%
    Q3 - Q4 2013 - 26.6M - 8.4%
    Q3 - Q4 2014 - 19.7M - 7.0%

    Quarter Deferred Revenue
    Q3 2011 330.4 259.0
    Q4 2011 358.2 234.8
    Q1 2012 386.6 246.1
    Q2 2012 353.6 224.6
    Q3 2012 332.7 220.8
    Q4 2012 351.5 212.2
    Q1 2013 356.5 212.0
    Q2 2013 329.5 200.1
    Q3 2013 315.6 196.8
    Q4 2013 342.2 198.7
    Q1 2014 341.9 198.1
    Q2 2014 315.8 194.4
    Q3 2014 281.0 191.2
    Q4 2014 300.7 186.2

  • Reply to

    Q1 Thoughts?

    by salpleasego Mar 10, 2015 1:05 PM
    salpleasego salpleasego Mar 13, 2015 7:10 AM Flag

    In person you wouldn't want to converse - trust me. I'm great at conversation - I don't talk about Monster EVER.

  • Reply to

    Tell me the good news!

    by salpleasego Mar 3, 2015 3:23 PM
    salpleasego salpleasego Mar 13, 2015 7:08 AM Flag

    I'm like Kim Kardashian (although I'm hotter) you say that but you check the message board all the time to see what I'm saying.

    Counter it - give us the inside of why I'm wrong - sales are up - so and so group is killing it - the new product is off the chain - etc. Be my kanye

  • salpleasego by salpleasego Mar 12, 2015 4:02 PM Flag

    Never too early.

    Accelerated costs to not letting go without not cause another exec? - 3 - 5 million

    Strong US dollar - 4-6 million

    Weather - 2 - 4 million

    Product launch/realignment - 2 - 4 million

    Layoffs lost productivity - 4 - 5 million


  • Reply to

    Q1 Thoughts?

    by salpleasego Mar 10, 2015 1:05 PM
    salpleasego salpleasego Mar 12, 2015 8:30 AM Flag

    About 1400 of the cuts were related to ChinaHR when they sold it. they really should be cutting 13% this round not 7% since revenue is down 20% since 2012. I don't think they were doing sneaky cuts.

    But on the other hand Linkedin does $382K in revenue per employ per year and Monster does $182K and Linkedin has 40% growth and Monster is at a negative 5%. So by that measure Monster should really be cutting over 2000 jobs this round if they want to stay competitive. No sorry that's right they still think they are going to grow out of it....that's like a 28 year old thinking he's still got a few inches to grow because puberty doesn't end until your 30's.

    Oh that's right son it's OVER.

  • salpleasego by salpleasego Mar 10, 2015 6:53 PM Flag

    I don't know folks short interest is now 26% - 21.99M shares - that's after they pulled 20-25% with all the buy backs. It could be what caused the spike but they are holding if not increasing their short positions. It's up another 1.5M at the end of Feb.........I think it might be OVER!

  • Reply to

    Q1 Thoughts?

    by salpleasego Mar 10, 2015 1:05 PM
    salpleasego salpleasego Mar 10, 2015 5:36 PM Flag

    By comparison - Linkedin had 6,897 staff at the end of 2014 and revenue of 643.4M or $373K in revenue per employee/yr versus Monster at $182K per employee/yr so by that measure Monster should actually cut 50%.

    In fact they should cut more because Linkedin has 40% growth and Monster a negative 5%. It's not over - it's OVER.

  • Reply to

    Q1 Thoughts?

    by salpleasego Mar 10, 2015 1:05 PM
    salpleasego salpleasego Mar 10, 2015 5:16 PM Flag

    I understand but a lot of that was ChinaHR and other discontinued (sold/closed) businesses. In Q4 2011 they reported 5,999 employees but a year later that was stated as 4,651 or 1,348 people - that was the majority (20%+ of everybody) of the people 'cut.'

    They are due for a cut - revenue is down 20%+ in that time frame and the staff is only down 13% - although they added more expensive sales people so the costs are actually up. 7% is the right number they should be at 3,720 positions given current revenue.

  • Reply to

    Q1 Thoughts?

    by salpleasego Mar 10, 2015 1:05 PM
    salpleasego salpleasego Mar 10, 2015 4:16 PM Flag

    Interesting but 2012 had a lot of changes. You had the Hotjobs merger and the ChinaHR people in those numbers. By the end of 2012 they were down to 4,037 so they have actually been adding positions. So the cuts aren't 30% plus revenue has declined a lot - about 20% from the start of 2012 ($233M/quarter) to now ($186M.)

    Q4 2012 - 4,037 people and $97.4M in S&R is about $96K per person per year.
    Q1 2014 - 4,091 people and $107.3M in S&R is about $105K per person per year.

    I don't think they'll be cutting the expensive positions though and they already said they are going to redeploy some of the money in the decelerate to decimate plan.

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