Word: co-op
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...country's largest private employer, Co-Op Denmark, which runs department stores and supermarkets (sales: $1.9 billion), has started a policy of freezing promotions of top managers after age 50 and decruiting them at 60. Already more than 40 store managers have moved down and taken pay cuts of one-third to one-half: Tage Nielsen, 56, now works as an office clerk; Edmond Glud, 64, switched to the mail department; Sigvald Bangsager, 62, cuts a fine figure as a security guard. Says he: "You have to know when your time is up, when you're burned...
...Co-Op Denmark is pioneering the decruitment program, and a survey of 1,285 Danish managers over 50 showed that 70% preferred downgrading to retirement. Knud Overø, 56, the chief executive of another Danish firm, Ferrosan, which manufactures Pharmaceuticals, moved down to work half time in long-term planning. With decruitment, some people expect to work past 80. But, warns Ebbe Groes, 66, the former chief of Co-Op Denmark, who stepped aside last year and now helps represent the company in its overseas affairs, "if you give the former top executive any authority over his successor, the system...
More than a year ago, 30 Chicano farm worker families formed a strawberry co-op, borrowed $175,000 from the Wells Fargo bank and $100,000 from the federal government...
Today, the bank loan is paid off, the co-op owns its own machinery and the workers are looking this year for an income between $9,000 and $11,000 a family...
David Wylie, a city councilor from 1973 to 1975, supports increased professionalism and citizen participation in city government. As councilor, Wylie said he, "more than anyone else," was responsible for the appointment of City Manager James L. Sullivan. He fought to end patronage, and started the Cambridge Food Co-op. Wylie is especially interested in making Cambridge a model city for citizen participation in municipal government...