Word: bains
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Dates: during 2000-2009
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Meanwhile, William G. Bain ’02 finished his drinks and fell to the floor...
From Pforzheimer House, Shanthi K. Naidu ’02, L. Stephen Long ’02, Michael Gerber ’02, Trevor S. Cox ’01-’02, Will G. Bain ’02, Hallam Stevens ’02; from Quincy House, Wenya Linda Bi ’02, Ross G. Douthat ’02, Stephen E. Sachs ’02, Melissa Tukey ’02 and Gernot Wagner...
...Romney founded Bain Capital—the financial arm of the prominent Boston management consulting firm Bain& Co. for whom he previously worked...
...option. By now he can’t even remember the names of all the companies he applied to. “I applied to a few places—10, I think,” he says. “McKinsey, Katz, BCG, Goldman, two at Credit Suisse, Bain...three more…[pause]…that was back in October.” A few minutes later he thinks he’s remembered another but just lists Bain again...
Similar savings are available to most firms. Frederick Reichheld, a management consultant with Bain & Co. who studies worker commitment, has found that a 5% increase in employee retention can yield profit increases of 25% or more. "The more chaotic the environment, the greater the need for loyalty," says Reichheld. "When frontline workers have to act quickly and make decisions on their own initiative, they must be able to trust one another to behave in the best interests of the team." Some companies assume that in hard times, their workers will be grateful to have a job and be unlikely...