Word: boozings
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...workers go in the past several weeks. Many big corporate employers have quietly frozen new hiring and are trying to whittle their staffs through attrition. At the same tune, employees are less eager to reach for early retirement at a tune of soaring inflation. The Chicago office of the Booz Allen executive recruiting firm has been receiving close to 400 unsolicited letters from job seekers each week, up from about 125 a week in less jittery times...
...those fields, M.B.A.s tend to start fairly high on the ladder, gain responsibility quickly and move ahead fast. But there is a decline of interest in that old M.B.A. watering hole, Wall Street, where hours are long and profits shortening. In fact, says Robert Flanagan, chief recruiter for Booz, Allen & Hamilton Inc. management consultants: "It's very tough to get people to consider coming to New York City for anything...
...Booz, Allen & Hamilton...
...past 18 months, nearly a dozen major consulting firms have changed their chief executives. At McKinsey & Co., the largest, with billings of about $45 million last year, C. Lee Walton Jr. stepped aside last month as managing director after tiring of administrative burdens. At Booz, Allen & Hamilton, the second largest (consulting billings: $18 million), James W. Taylor was fired in January as president over policy disagreements with Chairman Charles Bowen - after the company's stock had fallen from 24 to 5⅛ in three years. At Arthur D. Little, the third largest (billings: nearly $18 million), Howard O. McMahon...
...debate, however, about the quality of the company's workers. Paulucci insists that his employment policy is not a charitable act, but "serves our own interest." The company's handicapped employees are exceptionally hard workers who make few mistakes; turnover is extremely low and absenteeism near zero. Booz, Allen & Hamilton consultants were amazed by what one of them called "an atmosphere in which everyone works as hard and is as dedicated as if he were a member of a religious cult...