Word: bottomed
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Dates: during 1990-1999
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...solution for other companies too. "Companies no longer wait to ride out the tough spells," says John Challenger, CEO of Challenger, Gray & Christmas, a Chicago outplacement firm. "They practice just-in-time firings." At chipmaker National Semiconductor, managers voice the optimism of those who feel they have reached the bottom. "We've taken fairly severe actions," says chief financial officer Don Macleod, pointing out that the company cut 1,400 employees in April through attrition and layoffs--10% of its work force --even before posting a loss for the quarter. "Our business has been impacted, but we're moving forward...
...been around for 25 years," says vice president Joseph Ryan. "We sacrificed margin to maintain market share. I had my bankers call us stupid and dumb. But we're the only ones in the market now. I actually feel the worst is over. I can see rock bottom...
...three income groups ($30,000 to $50,000, $50,000 to $75,000 and $75,000 to $100,000) went up at a faster pace in the 1989-92 period than in the post-Intel era. Only two income groups increased faster in the later years: those at the bottom, with earnings of less than $30,000; and those at the top, with earnings in excess...
...over Brown, the Crimson (10-4-1, 5-1 Ivy), ranked No. 23 in the coaches' poll, would secure a spot in the NCAA tournament. But losing to the lowly Bears (7-8-1, 1-4-1) would probably relegate the Crimson to a seed in the bottom half of the 48-team draw...
...their grievances separately. The problem was deemed serious enough for the House Committee to discuss it and register a complaint: "Most of the entryways do not receive The Crimson in the morning--some entry-ways get it at their door, some occasionally see a pile of newspapers at the bottom of the stairs but the majority...