Word: doneness
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Then there is the fact that companies often continue to see high turnover, always a destabilizer, even after the layoffs are done. A study by Charlie Trevor and Anthony Nyberg of the University of Wisconsin-Madison found that companies with big staff cuts saw, on average, an annual turnover rate of 13%, compared with 10.4% for firms with no layoffs. And it's not just any old employees walking out the door. "Often the best leaders leave," says Kim Cameron, a professor of management and organizations at the University of Michigan's Ross School of Business who studies layoffs. "They...
Companies, for their part, can be oblivious. "I was talking to a senior executive at a major bank, and he was very proud about their generous severance package," says Columbia's Brockner. "I said, 'That's great. What have you done for the people who have remained?' It was a conversation-ending question." The anguish may be real, but good luck talking about...
...hasn't. Instead, the plan seems to have done little to slow fears that Citigroup would have to be broken up or shut down completely. Indeed, the bank has since announced plans to sell off a number of units, including its brokerage division. On the Friday before the insurance plan was struck, Citigroup's stock, a key measure of investors' faith in the institution, stood at $3.77. This past Friday Citigroup's stock finished...
...Design's Jonathan Adler at New York's Bryant Park Hotel. The room are completely kitted out in chocolate - and I mean completely - from a chocolate mosaic wall, chocolate covered table, with chocolate candles and flowers, to a chocolate headboard on the bed. There's even an abstract painting done in dark, milk and white chocolate. No golden ticket in your box? Don't despair, there are 100 other winners out there who will get chocolate for year, delivered to their doorstep each month - along with a piece of Adler's tabletop collection...
...Pope and several of his deputies have spent the past week reiterating the Vatican's clear, longstanding line on both the historical facts of the Holocaust and the warm papal sentiments toward and theological connection with the Jewish people. There is little doubt that the repair work, like that done with Muslims after the Regensburg speech, will eventually help put inter-faith dialogue back on track...