Word: wyatt
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...Staff writer Wyatt P. Gleichauf can be reached at wgleich@fas.harvard.edu. —Staff writer Clifford M. Marks can be reached at cmarks@fas.harvard.edu...
Corporate 401(k) stinginess has already set in. GM is suspending 401(k) matching and tuition reimbursement, as is Frontier Airlines. And in a recent survey conducted by Watson Wyatt, a human-resources consulting firm, 6% of companies said they either had already cut 401(k) contributions or planned to over the next 12 months. "Do people notice their retirement benefits as much as their health care? No, they don't," says Maureen Tarantello, a Watson Wyatt senior consultant. "They deal with health benefits every time they see a doctor, but retirement is something that comes into play much later...
...given widespread corporate turmoil, perk-slashing isn't likely to stop at 401(k) plans. In the Watson Wyatt survey, a fifth of companies said they planned to eliminate or reduce training, cancel holiday parties and tighten travel policies. "These are all things about which companies say, 'Could we live without this for another year?' " says Tarantello. "But you don't want people retiring on the job. You want their hearts and minds...
...less-than-favorable price. “No one’s done well lately, but in the private equity market, there are some desperate cases,” he said. “Harvard is not one of them.” —Staff writer Wyatt P. Gleichauf can be reached at wgleich@fas.harvard.edu...
...talented freshmen, most agree that this only reflects the high quality of the pool and actually improves the entire a cappella scene. “If you make it to Final Night, you’re pretty good and they just want to see you somewhere,” Wyatt says...