Word: ceos
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...economical and clean burning. France's Snecma and Britain's Rolls-Royce have launched a similar joint project. Gulfstream, which makes business jets, is working with British and Russian designers to build a 19-passenger supersonic business jet. "Our clients will pay almost anything to go faster," says company CEO Allen Paulson...
...billion annually for the two institutions as they combine functions and reduce overhead. This may mean layoffs of up to 10,000 workers, or 11% of the work force, as excess branches and departments are closed. But the merger with the revitalized BankAmerica was a necessary maneuver for CEO Robert Smith's troubled Security Pacific, which has been weakened by bad real estate loans. BankAmerica will now be a force in 10 Western states, and is reportedly considering a bid for New England's Shawmut National as well...
...firm said directors would also consider the fate of vice chairman John Meriwether, one of Wall Street's most respected bond traders. Omaha billionaire Warren Buffett, who owns $700 million of Salomon's preferred stock, said he would be willing to take Gutfreund's place as chairman and CEO until a permanent successor could be found...
...maternity leaves, awarded those employees less seniority than others on disability and gave them no guarantee that they could return to their jobs or equivalent positions. "A suit of this magnitude will have tremendous ripple effects," predicts Patricia Ireland, executive vice president of the National Organization for Women. "Every CEO who reads these headlines will pay attention...
...taxed), or a freshly bagged slice of pie (tax free) as opposed to a similarly sized prepackaged pie (taxable). While conservative talk-show hosts ridicule the new laws as regulation run amuck, liberal critics blister them as unfair: a worker's pretzel is subject to the tax, but a CEO's caviar...