Word: denmarks
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Maria de Conceiçāo, 32, was born in Portugal and worked for six years in Denmark creating tapestries and clothing that she calls "wearable art" before moving to Washington, D.C., four years ago. She has had twelve shows of her work, including the chasuble she made for then Dean Francis Bowes Sayer Jr. of Washington Cathedral; the garment is on exhibit this month at the Vatican. Maria, who is married to American Patrick Heininger, a lawyer for the World Bank, has a contract for a book on her design and collage techniques. Says she: "This is the fourth...
DIED. Jens Otto Krag, 63, twice Prime Minister of Denmark, whose personal crusade for European unity culminated in his country's vote to join the European Community in 1972; of a heart attack; in Jutland, Denmark. An economist and a Social Democrat, Krag became a Cabinet minister at 33, Prime Minister at 47. After Danes voted to join the Common Market, he shocked them by abruptly resigning. Said he: "The time I have used talking to newsmen I will now use for reading...
...extending mandatory retirement from 65 to 70 will leave less room at the top for aspiring younger people and, some managers fear, could lead to a sclerosis in the executive ranks. Denmark has produced a partial answer to these problems. Nicknamed "decruitment," it involves recycling older middle and top managers to lower-level jobs...
...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...
...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 will...