Word: gray
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Layoffs and firings seem to be the handiest solution for other companies too. "Companies no longer wait to ride out the tough spells," says John Challenger, CEO of Challenger, Gray & Christmas, a Chicago outplacement firm. "They practice just-in-time firings." At chipmaker National Semiconductor, managers voice the optimism of those who feel they have reached the bottom. "We've taken fairly severe actions," says chief financial officer Don Macleod, pointing out that the company cut 1,400 employees in April through attrition and layoffs--10% of its work force --even before posting a loss for the quarter. "Our business...
Other creative benefits can take a variety of shapes, some of them just plain fun. Jerry Daly, president of Daly Gray, a Northfield, N.J., public relations firm with six employees and annual billings of $1 million, donates some of his frequent-flyer miles to his staff. Daly's practice of letting employees add vacation days to business trips if they want allows his firm to save on airfare--because of cut-rate Saturday-night-stayover airline prices. And his grateful employees get the added benefit of a mini-vacation at no cost to them. "I may be competing with...
...Daly Gray vice president Carol McCune says she has saved $15,000 to $20,000 in hotel and airfare expenses during the five years she has been with the firm. When she goes to California on business, she stays a few extra days to visit her sister--courtesy of the boss. "If it weren't for these business trips, I would probably never get to see my sister and 12-year-old nephew," McCune says. "This is my twin sister, and we are very close. And it's real important to me that I can go to my nephew...
...affection for the old golly-gee school of American television, even though the film sets out to make the point that reality, however ugly, is better than the monotonous trap of sitcom life. Freedom and color, we learn, are better than Pleasantville's forced cheeriness in various shades of gray...
...Gray Davis, a Democrat, defeated the Republican candidate for governor in California, State Attorney General Dan Lungren. In the state's Senate race, Sen. Barbara Boxer (D-Calif.) beat another GOP hopeful, State Treasurer Matt Fong...