Business Services Industry
Matt Ferguson; 37, President and CEO, CareerBuilder.com.(Focus: 40 Under 40)(Chief executive officers)(Brief Article)
Crain's Chicago Business, November, 2004 by Mullman, Jeremy
Byline: Jeremy Mullman As CEO of CareerBuilder. com since 2002, Matt Ferguson's primary task has been battling online job-ad giant Monster.com. And thanks to a bold deal, he's winning. Early this year, Mr. Ferguson sold CareerBuilder's three owner corporations-publishers Tribune Co., Gannett Co.
and Knight Ridder Inc.-on a costly but market-altering transaction. CareerBuilder committed $50 million annually, roughly a third of the Chicago firm's annual revenues at the time, over five years to become official job listings partner to America Online and the Microsoft Network, a status that formerly belonged to Monster. Within six months, CareerBuilder was the most active Internet job site in both traffic and listings. While Monster, which offers more...
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