The Find: Cutting perks like may seem like an easy way to cut costs in a tough business environment, but experts warn that doing so can create an unexpectedly ferocious backlash from employees. The Source: An article in Knowledge@Wharton. The Takeaway: Knowledge@Wharton kicks off...
One of the books on my summer reading desk is a page-turner about the mutiny on the Russian battleship Potemkin back in 1905. After taking over by force, more than 700 sailors roamed the Black Sea spreading terror for nearly two weeks. What caused the mutiny? Cheap pursers aboard the...
Wharton: Hands Off Employee PerksLost Perk = Poisoned AttitudeI once worked at a company where we had parking in a covered garage. At some point, the owners decided that only a few of the top management should park in the garage, they found the employees parking about 1 block away...
What Beloved Office Perks Can You Not Do Without?What wouldn't I give up?Salary reductions were all in vogue in the US 10 years ago, but this caused a rush to the door and a haemorrage of profits, so I haven't noticed many of those recently.Other than that I guess there...
Whether you're the CEO, a middle manager, or the guy doing data entry in a windowless cube, when the economy is bad, work sucks. But does it have to? Over the last two months, I've been investigating what happens during a downturn to make everyone's job harder. ...
Byline: Aaron Elstein it's no surprise that the chief executive of Federated Department Stores Inc. makes vastly more money than the people who stock the shelves at Macy's and Bloomingdale's. Turns out his employee discount is much better, too. Byline:...
Our lists on Pages E6 through E10 show the big picture of executive compensation at local public companies, but some of the more interesting items show up in the footnotes and other details of company proxy statements. Here, then, is a peek at som...
The innocent bystanders coming to grips with the conflicts in the financial services industry know that these events happened because individuals put their own interests ahead of investors' best interests. It was outrageous, and industry obse The innocent...
The old adage "it's better to give then receive" is starting to grab the attention of more employers who want to keep top-notch workers. While money still lingers in the picture, businesses are starting to realize the small personal things can also go a l The old adage "it's better...
The article is about the real estate industry where commercial realtors offer creative perks. It discusses the case of lease property by virginia commercial real estate industry and states that this industry is regrouping by coming up with imaginative new ways to lease or sell space. They are handing out...
Many managers, including human resource directors, mistakenly believe that employee motivation can be won through monetary rewards or other perks. They learn soon enough that such perks are taken for granted and that money is not the key to employee motivation. A professional and unified management, in a...
We wish we could report that Kmart Corp. has turned around its communications strategy. Seven-figure executive bonuses, corporate perks and other big payouts to executives, consultants and lawyers are business as usual in large corporate bankruptc We wish we could report that Kmart...
With a high-powered job halfway across the country and two small children at home, Kathy Hopinkah Hannan has a grueling schedule by any standard. But even though the vice-chairman for human resources at KPMG LLP spends Mondays through Thursdays at With a high-powered...
Salaries, bonuses and stock options aside, the top dogs at publicly traded companies get some nice perks, according to a review by of 35 CEO employment contracts from metro Detroit companies. Most CEOs around town have pretty standard agreements. T Salaries, bonuses and stock...
31. Mark Hammond, Flagstar Bancorp Inc. Hammond's base salary (as well as that of his father, Flagstar Chairman Thomas Hammond) was reduced to zero in 2006 in favor of exclusively performance-based compensation because he, his father and other fam 31. Mark Hammond, Flagstar...
When a key computer expert thought about leaving, Amber Systems Inc., a small Bloomfield Hills-based software company, faced a formidable challenge: Find a job here for his spouse, a Ph.D. organic chemist who had a job offer in New York City. BecomingWhen a key computer expert...
Vince Thompson, business consultant and author, shares his insights on the extra charges airlines are slapping onto travelers. Jet Blue, he says, shouldn't claim paying for clean pillows is a good thing—that's just admitting they've been giving us dirty ones all along.
Bankruptcy is one of the tougher choices that adults face in today's society where it is the norm to be in debt, albeit some more so than others. Credit card offers materialize whether a person is looking for credit or not. All with their own perks and benefits may sound...
DESPITE an upsurge in human resource development HRD activities in organisations, training departments are still hard put to justify their usefulness and importance to their employers. Part of the reason is that the proliferation of HRD activities has blurred the distinction between what is truly needed by the organisation to...
ST. LOUIS AP -- St. Louis is looking for its eighth school superintendent since 2003. Kansas City is on its 25th superintendent in 39 years. Despite good salaries and plenty of perks, a recent study found that the average urban superintendent nationwide stays on the job only...
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