Blue-chip execs wooed by Web start-ups

Article Abstract:

Highly talented executives, bankers and lawyers are abandoning lucrative jobs for the promise of potential riches to be had from the Internet despite the fact that only one in every 10 Internet venture succeeds. The trend is alarming and holds grave implications for top investment banks and law firms as well as their clients. This is because the mass exodus of these experienced professionals is leaving less qualified bankers and lawyers to handle sensitive transactions such as mergers and acquisitions.

Management Recruitment, Employee recruitment, Managers

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Gap clothing stores see a rising gap in profitability

Article Abstract:

San Francisco, CA-based Gap has posted an 11% decline in sales at stores open at least a year in Feb 2001, while the industry made a 1.9% gain. The leading specialty apparel chain stores' sales decline compares with a 4% rise in 2000, and follows a 12% drop in Jan 2001. Spring items drew a mixed response in February, resulting in an acceleration of markdowns across all brands. If it continues, earnings could slip to 10 cents to 15 cents a share in 1st quarter 2001 from 27 cents in the previous year.

Clothing and Clothing Accessories Stores, Specialty Chain Stores, The Gap Inc.

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6 years after nearly collapsing Piper takes off again

Article Abstract:

Piper Aircraft now has over 1,500 employees after a disappointing revenue collapse a few years ago leading to the company's bankruptcy. The company was aided in its return to solvency by 1994 legislation limiting plane makers liability from lawasuits.

Aircraft, Aircraft Manufacturing, General Aviation Aircraft, Piper Aircraft Corp.

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