Word: outfitted
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Dates: during 2000-2009
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After 43 years, our relationship with the Franchise had grown so familiar and worn that we'd quietly moved into separate bedrooms. If we'd had the energy, we might have signed divorce papers. Nonetheless, every few years, the Franchise put on a new outfit and twirled around hopefully. This usually won it some new admirers, although those of us who remembered the deep past most fondly were less enamored of its new permutations. We wished the Franchise no ill will, but at the same time we occasionally thought: Give it a rest, darling, you're showing your...
Darden Restaurants Inc., a firm based in Orlando, Fla., that runs nearly 1,800 Olive Gardens, Red Lobsters and other outlets, continues to dish out $100,000 in annual cash support to the local ballet, a 35-year-old outfit whose budget is under pressure. "Darden has been gold to us, absolute gold," gushes Sibille Pritchard, the Orlando Ballet's loquacious president, "when the climate for the arts is tough, very tough." Notes Darden spokesman Bob McAdam: "You can't give up on the arts. They're essential to the general welfare of the community...
...proportion of companies shortening the workweek - a way to cut overall pay for hourly employees - jumped to 13%, from 2%. "Six months ago, all the questions I got were about severance," says Steve Gross, who runs the employee-compensation consulting group for the HR outfit Mercer. "Now - including twice today - I'm getting questions from companies saying, We want to reduce wages, and we're thinking of reducing hours." (Read "As Layoffs Mount, Severance Packages More Negotiable...
...Many of the firms themselves are already moving away from retail research. Thomas White International, which created a research consortium with four other firms to win settlement dollars, will go back to its main business of managing assets for institutional investors. Ross Smith Energy Group, a Canadian outfit that follows the oil and gas industries, is getting into investment banking. Three companies-Argus, Independent International Investment Research and Pipal Research-have joined with the London Stock Exchange to provide coverage of smaller firms willing to pay for it. Rapid Ratings is finding a hearty new revenue stream in doing analysis...
...depend on the nearly $90 million a year the investment banks have been plowing into the system. When that money stops, "you're going to see a lot of these smaller firms either consolidate or dry up and go away," says James Gellert, CEO of the ratings and research outfit Rapid Ratings International, which sells its research through the settlement...