Word: contract
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Such cuts may help the short-term bottom line but can haunt companies down the road. "Stopping those payments can be a violation of an implicit contract, and that can affect people's sense of loyalty," says Stacey Kole, an expert on human-resources management at the University of Chicago Booth School of Business. "It's a natural trigger for people to look outside for alternative jobs." And employees remember such slights. "If you cheat me today," Kole says, "I'll remember that when I have options to go elsewhere...
DeDominicis notes that there are contracting mechanisms that allow medical institutions to set up renewable energy projects on-site, without capital investment. There are also energy-purchasing programs like Practice Green Health's "virtual marketplace" model, which involves real-time reverse energy auctions on the Web: instead of buyers competing to purchase energy, sellers auction packages that include renewables. That drives down the price and narrows cost margins, and the savings allow for a higher percentage of alternative fuels in the package. For example, Ingalls Health System, a 563-bed hospital with satellite facilities in south suburban Chicago, bought...
Eight acts took the stage of a crowded Cambridge Queen’s Head pub Friday night for Battle of the Bands. Four of those bands would win a contract with Veritas Records, Harvard’s student-run record company. Already victors among the approximately 50 band submissions to compete in the Battle, the winners represent a range of styles.Opening the night was Caitria O’Neill, the stand-in name for a band formed specifically for the competition.“I found out I was playing in Battle of the Bands,” Caitria...
...ongoing economic crisis has brought down corporate giants such as Lehman Brothers, prompted the major buyout of Merrill, and sent many outbound Harvardians into the real world without the comfort of a surefire money-making contract in their back pocket. But while we’ve all been watching these titans battle, the less-followed everyday industries suffer too, and in particular, an industry near and dear to our hearts—print publications. If you thought “The Bubble” couldn’t be burst, think again. 02138, a magazine by Harvard alumni, for Harvard...
...NEWS SPOKESMAN, referring to Barkley's notorious gambling habit and his contract as a sports analyst for TNT, which is owned by CNN's parent company...