Word: scherer
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Dates: during 2000-2009
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...according to NAHC Finance Commissioner Kyle E. Scherer ’05, Native Americans are unique from other ethnic minorities because they must prove their heritage in order to qualify for certain rights...
...least 28 of the cases the acquisitions did not earn enough money for the company to justify the purchase price. In only six instances did the merger program seem to be a clear-cut success. Companies stumbled most frequently when they bought firms in a totally different industry. F.M. Scherer, a Swarthmore College economist who surveyed 6,000 mergers from 1950 to 1977, discovered that the profitability of most acquired companies slumped after they were taken over and that fully one-third of the conglomerate acquisitions of the 1960s were later sold. Says he: "We typically found managerial failure...
...necessarily true." Now, adds Rappaport, the thinking is "Let's go back to the core where we have the technology and the knowledge and a comparative advantage. Let's stick to things where we're better than the rest." As a result of this change in attitude, says Scherer, "mergers of today have somewhat better chances of success than did the conglomerates...
...manufacturing company in Spring Grove, Ill., employees who have stayed off cigarettes a year win a trip for two to Las Vegas. The Hospital Corp. of America in Nashville pays participating staff members 24¢ for each mile run or walked, each quarter-mile swum or four miles bicycled. At Scherer Brothers Lumber Co., boasts Vice President Gregory Scherer, "We have no sick pay, we have well pay." For each month that a worker is neither late nor out ill, the Minneapolis firm awards an extra two hours of salary. And employees who lose no more than three days a year...
...Corp. in Danbury, Conn.: "We certainly don't want employees doing stupid things like not seeing a doctor just to get a TV or microwave oven." But, he adds, there is no evidence that this has happened. The incentive chase may also induce some stress of its own. At Scherer, a worker who has not been late or absent for ten years wins a fortnight for two in Florida. One employee now in his sixth year of perfect service, says Scherer, "tells me that about twice a year he jumps out of bed in a panic in the middle...