Word: quarters
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Dates: during 2000-2009
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...fired, but could stay with the company if they were willing to move to India. IBM is generously offering to pay their relocation expenses, but doesn't answer the obvious question of why the people were hired in the U.S. in the first place. IBM just had a record quarter and forecast a strong 2009. Even though this company is fat and happy due to its robust sales, it must have decided that it had been overzealous in its hiring...
...fired over a year ago, but now the firm has two CEOs. One of them was to run the handset businesses after it was spun-off from the main company. That process has been delayed and may never happen. Motorola lost $3.6 billion in the fourth quarter of last year. For that quarter, revenue from the company's handset unit dropped by over half Several members of the Motorola board have run other huge firms including Deutsche Telekom and JPMorgan. But, the company still has two CEOs and has not explained to shareholders why its cellular phone unit will never...
...China Back to the Countryside In a further example of China's faltering economy--exports and overall growth were down significantly in the fourth quarter of 2008--some 15% of its migrant workers are now jobless. This labor force, composed of rural peasants who travel to cities for factory jobs, is the backbone of the country's manufacturing sector. The Chinese government has said it may increase its $585 billion stimulus plan...
Bretton Woods is the mountain resort in New Hampshire where in 1944 the Allied nations met--with the U.S. calling almost all the shots--to plan a postwar financial system. The Bretton Woods creations included the International Monetary Fund (IMF), the World Bank and a quarter-century of fixed exchange rates built around a U.S. dollar that was linked to gold. The fixed exchange rates and gold standard unraveled in the 1970s, and ever since we've had a system in which the IMF occasionally steps in to help countries in currency crises (usually imposing harsh terms in the process...
...autism coverage--and has gained market share, avoided layoffs and banked $2 billion in cash for these rainy days. Wegmans supermarkets (No. 5) offer workers free yoga classes; biotech leader Genentech (No. 7) features paid sabbaticals, on-site child care and a fitness center; its revenues jumped 25% last quarter. Hewlett suggests even struggling companies that have moved to a four-day workweek rather than fire people may promote both morale and quality of life...