 By August, Johnson announced the 1st IPO of HotJobs, which he later followed up with a 2nd offering in November 1999; his efforts succeeded in raising over $165 million from public investors.In March 2001, when Johnson realized his vision for the company was at odds with his board of directors, he stepped down as CEO and President of HotJobs, but remained an active chairman on the board.The next month, Johnson approached Andrew McKelvey, the CEO of TMP Worldwide Inc. and struck a deal to sell HotJobs to the owner of Monster.com.