Word: recruited
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Dates: during 1980-1989
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...Heights neighborhood in East Los Angeles. Allstate Insurance operates 54 van routes to bring 600 employees to its headquarters in the Chicago suburb of Northbrook from their homes as far away as southern Wisconsin and northern Indiana. The routes, which go door to door, are changed whenever a new recruit needs a ride...
Some firms look even farther afield and try to recruit workers outside their region. But often the chief obstacle to attracting new employees is the high cost of housing, so some potential employers have tried to compensate. An auto-parts division of Textron based in Dover, N.H., gives some of its new white-collar employees short-term "bridge" loans for housing at below-market interest rates. Last year the state's average home price was $136,000, nearly 60% higher than the U.S. median...
...insider stock tips or cozy deals. Last week the biggest such scandal in years rocked Japan after the daily Asahi Shimbun disclosed a list of 76 political staffers, journalists and others who allegedly earned millions of dollars investing in the stock of a fast-growing real estate company called Recruit Cosmos. On the list were top members of the ruling Liberal Democratic Party (L.D.P.), including aides to both Prime Minister Noboru Takeshita and his predecessor, Yasuhiro Nakasone...
...Recruit Cosmos acknowledged that it offered discounted shares of its stock to the well-placed investors in 1984, two years before the company went public. The stock's price soared as soon as it went on the market, enabling the early investors to reap large profits. Under Japanese law the practice was technically legal, yet the deals struck many Japanese as highly unethical...
...uproar prompted the resignations of Hiromasa Ezoe, chairman of Recruit's parent company, and Ko Morita, president of the leading financial daily, Nihon Keizai Shimbun; who admitted that he too was a beneficiary. The biggest ; fallout for the L.D.P. could come later this summer in parliament, where Takeshita's proposal for tax reform is likely to face an emboldened opposition...