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...Analytical, realistic and in a hurry." -John Casesa, managing partner of the Casesa Shapiro Group consulting firm. (New York Times, March...

Author: /time Magazine | Title: Fritz Henderson: GM's Interim CEO | 3/31/2009 | See Source »

...Rick Wagoner, recently departed CEO of the company told Congress last December that consumers won't buy vehicles from a bankrupt company. Some of the people at the hearings figured Wagoner was bluffing, trying to convince Washington that a Chapter 11 filing would bring an end to the firm's ability to market its products because customers could turn to cars made by competitors which were in reasonably good financial shape. But, most research done recently indicates that Wagoner was probably right, at least right enough that GM's sales could be clobbered by consumers who believe that their warranties...

Author: /time Magazine | Title: Why Toyota Can Finally Take Over the U.S. Car Market | 3/31/2009 | See Source »

...important to help you get another job," says Rusty Rueff, who used to run HR for video-game maker Electronic Arts and was also a senior HR executive at Pepsico. Rueff also suggests making sure you're listed in your company's HR system as a person whom the firm would rehire: a potential employer may call and ask. And keeping your employment status as "active," even if you're no longer collecting any money or benefits, can help too. Rueff knows of one recently laid-off worker who negotiated that addition so that he would have an easier time...

Author: /time Magazine | Title: As Layoffs Mount, Severance Packages More Negotiable | 3/30/2009 | See Source »

...Then build yourself up to the right frame of mind. Severance is money that a company gives you so that you'll sign a release promising not to do things like sue or trash-talk the firm in the press. "It's not love, it's not a gift - it's a business transaction," says Alan Sklover, an employment attorney and the author of Fired, Downsized, or Laid Off: What Your Employer Doesn't Want You to Know About How to Fight Back. If you agree to go beyond basic stipulations - perhaps you'd be willing to train the people...

Author: /time Magazine | Title: As Layoffs Mount, Severance Packages More Negotiable | 3/30/2009 | See Source »

...After picking the right person to talk to - maybe someone in HR but more likely your boss or another manager you peg as particularly sympathetic - make your request in as businesslike a way as possible. If the firm is going to continue to profit from a big client you landed even after you're gone, mention that. It should be worth something extra. If leaving means forgoing certain pension benefits, ask to be compensated in cash. If you moved to a new city for your job and now you'll probably leave, ask the company to pay for relocation...

Author: /time Magazine | Title: As Layoffs Mount, Severance Packages More Negotiable | 3/30/2009 | See Source »

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