Word: ince
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Dates: during 2000-2009
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...shopping for a buyer for J. Jill. Good luck finding one in today's market. Earlier this month, investors received some encouragement when the company secured a $150 million credit line from three Japanese banks. In 2008 Talbots also secured a $50 million credit facility from Aeon (U.S.A.) Inc., a wholly owned subsidiary of Japan's Aeon Co. Ltd. and the majority shareholder of Talbots...
...Tuesday, Rickie Doty, president of the UAW Local 974 here, sat in his office and carefully considered the future. Just one day earlier, Caterpillar Inc., his employer of 35 years and one of the world's leading purveyors of construction equipment, announced it would shed some 20,000 jobs - nearly one-fifth of its global workforce. The announcement just made things official: the bulk of that astonishing figure is already off the Peoria company's books, including some 2,500 management-level personnel who accepted buyouts in recent weeks and 8,000 people who worked on contract or through agencies...
...book Great Business Teams, consultant Howard M. Guttman discusses five steps to greatness. The first phase involves two critical tasks: getting an organization horizontal and aligning teams properly. In this excerpt, Paul Michaels, CEO of Mars Inc., the world's largest candy company, which is rarely written about, discusses the path to proper alignment...
Moving the organizational mountain in a radically different, horizontal direction is not easy, regardless of benefit. Fear of change and widespread initiative fatigue make the status quo very seductive. When Paul Michaels became president of Mars Inc. in 2004, he knew that the company needed to achieve far greater growth and financial return. But he faced internal organizational challenges every bit as daunting as those he faced in the marketplace. The top team at Mars was siloed and replete with unspoken agendas. Members did not see the benefit of working as a team; they were only concerned with the success...
During a bitterly cold January week, penniless women and children stream into a Catholic church in the northeastern Iowa town of Postville that has served as their refuge since May 12, when 389 workers were arrested during an immigration raid at the Agriprocessors Inc. meatpacking plant. The women are among 26 former Agriprocessors workers, most from Guatemala and Mexico, charged with immigration violations and fighting deportation. Released on humanitarian grounds but required to wear electronic ankle bracelets, the women, as well as about 59 children, now depend on the community, especially St. Bridget's church, which operates a Hispanic ministry...