Softening the blow when shedding directors

Article Abstract:

The recession necessitates loss of staff but pay-offs and bonuses are still negotiated as firms focus on core personnel rather than spreading benefits among large numbers of employees. Boardroom disputes occasionally lead to court cases, but solicitors often negotiate deals to achieve the real objectives more appropriately. Some employees seek practical concessions such as buying their company car or help with finding another job. Pensions are the issue for older employees who may never work again. Those who intend to set up on their own may face restrictive covenants introduced to protect employers' interests.

Economic aspects, Employment, Economic policy, Labor relations, Labor contracts, Downsizing (Management)

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A different measure of success

Article Abstract:

Accountants have traditionally been concerned with measurement of money, but their role includes general business analysis. Customer satisfaction, quality, environmental impact and community involvement are other areas which may be measured. Experience in measurement for finance can be used to develop performance measurement systems. The Institute of Chartered Accountants of Scotland produced a discussion document in Jul 1993 with a framework for a co-ordinated approach including Monitoring Operations and Business Planning.

Methods, Analysis, Business, Accounting

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The man who made it in a worried sort of way

Article Abstract:

Success in business brings many pressures, according to Intel President and Chief Executive Andrew S. Grove. It is particularly important to give attention to points at which a new strategic cycle must be entered, as this can be when a business unexpectedly goes into decline. Companies should take care to identify their key competitors, and must take great care if it appears that their key competitor is about to change. Managers must set a clear direction, rather than just having vague aims.

Officials and employees, Computer industry, Intel Corp., INTC, Practice, Beliefs, opinions and attitudes, Grove, Andrew S.

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