Word: mergers
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Nobody can blame Volkswagen CEO Martin Winterkorn for smiling this past week. VW has just turned the tables on would-be raider Porsche, placing Europe's biggest carmaker in the driver's seat for a planned merger with the much smaller and sportier firm. And while colleagues at rivals like Daimler, Fiat, General Motors and Peugeot are busy trying to survive the current economic storm, Winterkorn seems poised to throw VW into high gear...
...Downsizing and consolidation in and of itself is not the problem. It's the way in which that process is undertaken," Crothall says. "What has been the case for many years is the privatization and restructuring of state-owned enterprises. The selling-off of state-owned assets and merger of state-owned companies has nearly always been done behind closed doors. The workers are never involved -they are simply presented with an ultimatum." Employees are angry not just because of their lack of input, Crothall says, but often also because the process is tainted by corruption. "Workers have no idea...
...bankers understand that they are liquid people. It's part of their culture. I had bankers telling me, "I might not be at my job next year so I'm going to make sure to get the biggest bonus possible." I had bankers who advised the AOL-Time Warner merger saying, "Oh, gosh, this might not work out, but I probably won't be here when it doesn't work out." I looked at them like, "What?" Their temporality is truncated...
...spokesman Robert P. Mitchell.The restructuring comes after three high-level College deans announced their departures this past year: Dean of Student Life Judith H. Kidd, Associate Dean of Advising Programs Monique Rinere, and Dean for Administration and Finance Georgene B. Herschbach. In her announcement, Hammonds said that the office merger was the "most effective way to leverage the expertise of our College staff members” and would help "eliminate redundancy" as well.Mitchell said on Friday that he could not discuss personnel issues, including the specific roles of the five departing staffers or the total number of positions in either...
Associate Dean of Residential Life Suzy M. Nelson will become the dean of a newly-established Office of Student Life, the product of a merger between the Office of Residential Life and the Office of Student Life and Activities, College Dean Evelynn M. Hammonds announced on Thursday...