Word: leaners
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...good for the country. Certainly the thousands of workers who have been laid off as a result of KKR's deals see little virtue in leveraged buyouts. Top executives go along with or even instigate buyouts because as major shareholders they stand to profit. The resulting companies may be leaner, but often they are also weaker, with little money to invest in expansion or innovation. Says Michel David-Weill, the French senior managing partner of the Lazard Freres investment firm: "The wave of leveraged buyouts is weakening the competitiveness of many U.S. companies that have fought so hard to regain...
However, Snow, a former member of the national lightweight rowing team, found that not all women who exercise metabolize their estrogen in this way. Those women who do have the metabolic abnormality also have menstrual dysfunctions, are leaner and do not ovulate...
Smith maintains that GM will soon emerge from its painful corporate restructuring as a leaner, more efficient and much more profitable company. Since 1986 the company has eliminated nearly 30,000 salaried employees, or about 4% of its work force, and has begun closing down operations at 16 plants. But it has also invested $50 billion to build eight new plants and modernize 19 others. Says GM President Robert Stempel, 54: "That's the long- term approach. Roger could have forced us to concentrate on short-term earnings, but he didn...
...issue there was near unanimity. "There will be more layoffs," said Perrin Long, an analyst at Lipper Analytical Services, which studies securities firms. "The brokerages could run much leaner than they are now." Concurred Jack Barbanel, senior vice president of Gruntal & Co.: "The message is clear -- Wall Street is tightening its hatches." Long predicts that as many as 24,000 securities-industry employees will lose their jobs over the next twelve to 18 months -- and even that, he believes, is not enough. If Wall Street hopes to stay profitable in the troubled times ahead, Long thinks a safer number...
...Real Food For Real People" ads feature such wholesome types as Actress Cybill Shepherd and Actor James Garner, who was named the "last real man" in 1985 by PEOPLE magazine. Along with the glitz and macho, though, the industry emphasizes that cattle are now bred leaner and cuts of beef are trimmed of excess fat. Today, consumers are told, a 3-oz. serving of beef contains the same level of cholesterol as an equivalent amount of chicken...