Word: sixes
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...financial sector crumbles, six-figure stars are increasingly among those getting the pink slips. When Citigroup, for example, announced recently that it was booting some 50,000 employees--many of them high-paid managers--the departing bankers joined more than 20,000 workers the company had already laid off this year. Many of the newly axed at Citi and elsewhere have left behind cushy paychecks that covered their jumbo mortgages and kids' tuition bills. That ominous sound you hear? It's all those $200 pairs of shoes pounding the pavement...
...jobs voluntarily or retire. "Companies may not be making expansionary or discretionary hires," says Marc Cenedella, founder of TheLadders.com a subscription service that lists only jobs that pay $100,000 and up. "But even in a downturn, there's still 20% to 25% natural turnover per year." In the six-figure category, he estimates that will mean 3.2 million hires a year instead of 4 million in a normal market. (See pictures of the Top 10 scared traders...
...example, fixed-price sales over auctions and got his mitts on the hands-off approach that has defined eBay for years. Many wonder whether the 12-year-old auction giant will emerge with the same DNA once Dennis the Menace departs. "Donahoe has introduced more changes in the last six months than we've seen in the last six years," says Jack Sheng, chief executive of Eforcity Corp., an electronics company and top seller on eBay. "Many are long overdue, but the direction is great." Others hate the upheaval. Writes a current eBay software engineer about Donahoe on Glassdoor.com...
...Laughs.] They keep us separated. They put me in a cage after I get off the air. No, as long as I'm fair, I don't think there's a problem at all. I will say that when I started in 2003, nobody spoke to me for six months. I was a strange man in a strange land...
...Muji-created product often starts with dialogue among merchandisers, outside designers (about 10 in Tokyo and six overseas) and the design team. The team, which meets weekly, has to negotiate the demands from various departments. For example, when the team designs housewares, the size and scale of the furniture might be taken into consideration. The team regularly gets feedback on how well it's doing: Muji holds company-wide exhibits, from which about 80% of new items are chosen. A five-member advisory board--which fine-tunes and vets Muji products from start to finish--has the final...