Word: firm
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...that stage will be dismantled - and AEG must deal with the financial aftermath. Jackson's death means the firm will have to refund $85 million in ticket sales. The company will also miss out on expected profits of $115 million from VIP packages and merchandising, and it will lose the chance at an additional $450 million from the three-year worldwide tour they hoped would follow the London gigs. (See the top 10 Michael Jackson moments...
...Even as these hiring professionals slog through the recession, they are increasingly optimistic about 2010. Two-thirds of companies that have imposed hiring freezes expect to lift them next year, according to a new survey conducted by global HR consulting firm Watson Wyatt. "Things have started to stabilize," says Watson Wyatt executive Laura Sejen, summarizing HR survey responses. "The outlook is fairly promising...
...Many mid-market employers are focusing their recruiting efforts on general management positions as well as sales and marketing, says Mickey Matthews, who directs North American operations for Stanton Chase, a Dallas-based recruiting firm with 2008 revenues of $65 million. "Eighteen months ago companies might have been looking at supply chain management or their global procurement team," says Matthews, "but now they're looking for lead sales and marketing people. Most clients feel we're going to be out of this [recession] by the end of the year, and they want to have the right sales leadership so they...
...Three quarters of the HR leaders who responded to the Watson Wyatt survey expect their business to improve by the end of this year. There's some good news on the salary front, too. A new survey from Mercer, a global HR consulting firm, found that average base salary has actually risen over the past year by an average of 3%. Mercer's compensation survey covered about a million workers at some 1,000 firms across various industries. Among HR administrators at firms that have frozen salaries, 69% expect such freezes to end over the next 12 months...
...Graduated from Furman University in 1983 and earned a business degree from the University of Virginia. Worked in real estate in New York City after graduation. Started his own real estate firm in Charleston...