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Kodak's open-window plan is similar to the efforts launched last year by Exxon and Du Pont. Hurt by falling profits, Exxon last summer sent letters to some 30,000 employees in divisions judged to be overstaffed, promising cash payments in exchange for resignations. Supervisors warned that layoffs might become necessary if not enough people quit. The company will not disclose the terms of the deals or how many workers accepted...
...Du Pont has been much less secretive about the results of its staff-cutting drive. The company offered resignation bonuses, as well as early pension benefits for older employees, to the management staff at its Wilmington, Del., headquarters and workers at 38 of its 86 manufacturing plants nationwide. Some 18% of the 16,900 eligible employees took the money and left. Du Pont, burdened by interest payments on the $3.9 billion it borrowed to buy Conoco, estimates that the staff reductions will save the company $30 million over the next three or four years...
...largest white knight merger of all was Du Pont's purchase of Conoco in September 1981 for $7.4 billion, against hostile bids by Mobil and Seagram. Conoco has turned into Du Pont's most profitable division; its performance blocked Du Pont's earnings last year from being even lower than they were. But the recession has weighed heavily on the chemical giant, making the huge debt from the Conoco purchase harder to carry, and forcing the company to omit its customary extra year-end dividend. To save money, Du Pont executives have announced plans to close Conoco...
...fame. His history of detective fiction (Bloody Murder) and biographies of Poe and Dickens, among others, have won scholarly tribute. Just last year he was named a Grand Master of the Mystery Writers of America, an honor shared by only three other compatriots: Graham Greene, Eric Ambler and Daphne du Maurier. Symons' name is not so well known as theirs, but like them he can invest a plot with significance beyond its conclusion. Symons has never approached the fame of Agatha Christie, whom he succeeded in 1976 as president of Britain's Detection Club...
Located on the Rue du Faubourg Saint-Honore, Paris' poshest shopping avenue, Minim's features the miniwich, a two-bite sandwich for seven francs (about $1) that is stuffed with such fillings as goose liver pâté or tomato and Gruyère cheese. For a little more than $3, patrons can partake of "eggplant caviar" in an avocado boat or hearts of palm peppered with paprika. While the $6 to $9 bill for a full meal may be more than at a Burger King in Paris, the price beats the $75 average at Maxim...