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Word: ferrosan (lookup in dictionary) (lookup stats)
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...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...

Author: /time Magazine | Title: Business: Better Down Than Out | 5/15/1978 | See Source »

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