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...rank and yank--have spread in recent years to some 20% of U.S. companies, and the trend is growing. They're particularly handy during periods of economic slowdown like the present one, when employees tend to cling to their jobs rather than retire or change positions. That lowers the normal rate of departures through attrition--which can run as high as 20% of a corporate work force when people feel like job hopping--just when companies are seeking to cut their costs to satisfy Wall Street. "People are hearing about friends who have been let go," says John Challenger...
...LAREDO WAL-MART Most of the 500 cars in the Wal-Mart parking lot have Mexican plates--about normal for a Friday night. Laredo boasts the highest-grossing Wal-Mart per square foot in the U.S., because this town of 200,000 is really a market for more than 1 million people. Right up the highway from the big downtown bridge, the store is often a first stop for visiting Mexicans. Inside, you can find Fabuloso detergent, table runners decorated with images of the Virgin of Guadalupe, and CDs featuring popular Norteno and Tejano stars. The biggest selling items...
...beard that he grew during his expedition, which in his case was a good thing because that scruffy mess on his face filled him out. He?s a thin, wiry guy who runs marathons and enjoys "century" bike races. But after Everest, he?s twenty pounds lighter than normal. At least those little tufts sticking out of his cheeks gave some definition to his gaunt features. His beautiful pale blue eyes sat deep inside hollow eye sockets that were rimmed with black cuts created when his goggles froze to his face. The skin on his face resembled bronze leather...
...question of how best to invest an endowment is different from the normal institutional investor,” says Robert M. Pease, senior editor of Private Equity Analyst, a Wellesley-based industry newsletter...
...OShea said that Johns Hopkins has not conducted any studies to see whether the raise in wages has caused wage compression or resulted in an above normal level of lay-offs. The autonomy of each of the schools makes the figures simply too hard to calculate, he says...