Archive: March, 2010
It strikes Wharton management professor Jitendra Singh as ironic that most of India’s top executives were trained in management schools that based their educational philosophies on lessons from American big business.
As America’s companies struggled with the downturn, the India economy did not see even one negative quarter and Indian businesses reported increased revenues and profits.
Maybe, Jitendra Singh and three of his Wharton colleagues believe, America could learn a lesson from how Indian chief executives view their responsibilities.
If Temple University Hospital’s 1,500 nurses and allied health professionals go on strike tomorrow one issue will be management’s request to add a non-disparagement clause to the contract.
Up front, I have to admit that I have a bias here — a bias that comes with being a reporter. We reporters don’t like rules that keep people quiet and issues buried.
Here’s the clause from Temple’s final offer, dated March 15: “The association [the union], its officers, agents, representatives and members shall not publicly criticize, ridicule or make any statement which disparages or is derogatory of Temple, or … management officers…”
Anthony J. Micale has worked for McDonald’s Corp. for 50 years.
Now, before you wonder why he never found a better job, you should know that he’s been a franchise owner for nearly all those years. He bought his first franchise in Binghamton, N.Y., in 1962 from the legendary Ray Kroc, before the Golden Arches became an American cultural icon.
That was 3-1/2 years after he’d first walked into a Long Island McDonald’s on Jericho Turnpike in Huntingdon, N.Y., looking for a part-time job. He was a sheet-metal worker commanding $8 an hour, enough to feed his young family. But he needed $500 to put a dormer on the Cape Cod house he’d bought.
Tiny WorldGate Communications Inc., maker of video phones, will move its operations but remain in Trevose.
According to a filing with the Securities and Exchange Commission, WorldGate will lease 18,713 square feet in the Horizon Corporate Center. Its current 17,000-square-foot offices are about a mile away at 3190 Tremont Ave.
The new space will cost more, despite an initial five-month abatement in rent. The basic rent will be $24 per square foot, up from $7.06 per square foot for its current location, according to regulatory filings.
I knew the nonprofit sector was big in the Philadelphia area, but not as big as a new study shows it to be.
One in eight full-time employees in the city and its four suburban Pennsylvania counties works for a nonprofit organization. In all, that’s 242,000 people.
Nineteen months ago, the Philadelphia Foundation commissioned a study to benchmark the number and financial attributes of nonprofits.
When the Small Business Administration launched its Emerging 200 training program in Philadelphia two years ago, I thought it sounded like a good deal.
Described as an MBA-lite, the e200 is aimed at inner-city business owners intent on growth and creating jobs. Plus, the 13-week program is free for participants.
But you tend to get what you pay for, so is free entrepreneurship training really valuable? It was to two participants in the 2009 program that I interviewed.
Here comes financial regulation reform.
For those who would counsel that Congress pause after the all-out battle over health care, Treasury Secretary Timothy Geithner delivered the following message yesterday:
"Reform is not going to go away. If we don't get a strong bill now, here's what will happen: We're not going to move on to other things."
Last week was a study in contrasts.
On March 15, Sen. Christopher Dodd unveiled legislation aimed at toughening regulation of banks and other financial-services firms following our latest financial crisis.
By Friday, a phantom from the savings and loan crisis of the ’80s and ’90s had reappeared to remind Philadelphians of how controversial tough regulation can be.