Word: morganized
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Dates: during 1990-1999
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NATIONAL LEAGUE Colorado 7:35 Harris (1-1) at Florida Bowen (0-3) Atlanta 7:35 Johnson (1-0) at St. Louis Arocha (1-2) Cincinnati 7:35 Morgan (0-3) at Pittsburgh Kile (2-1) San Diego 7:40 Hanson (0-1) at New York Tomlin...
...Stephen Roach, economist at the investment firm of Morgan Stanley...
...layoffs, of course, reflect primarily the downsizing mania of corporations feeling the lash of foreign competition. Their drive to cut costs and raise productivity has other discomforting results too. Companies are raising sales and production largely by working their remaining employees longer hours or at a faster pace. Morgan Stanley figures that 55% of the gain in output during the early stages of past recoveries came from increased productivity -- but for the first three years of this expansion the number...
Even Roach of Morgan Stanley thinks a "productivity-led recovery" could bring back the days when a rising tide really did lift all the boats. But he adds a strong caveat: "My darkest fear is of macho corporate managers who will slash and burn, and will not make a true commitment for the longer haul to expand their market share through judicious rebuilding. Then we will have hollow industries that will undermine our competitive advantage over the long haul, and that will be an unmitigated disaster for growth and jobs." Downsizing was and is a painful necessity, but bosses need...
EDITORIAL FINANCE: Genevieve Christy (Manager); Carl Harmon, Morgan Krug (Domestic); Camille Sanabria, Aston Wright (News Service); Linda D. Vartoogian, Wayne Chun (Pictures...