Tuesday, February 9, 2016

Archive: August, 2008

POSTED: Monday, September 1, 2008, 3:05 AM
Filed Under: Management, workplace

Every Labor Day, the economists of the Economic Policy Institute offer up their annual report on how working America is doing.

Their conclusion? Worker productivity remains high, but real incomes of middle-class families were lower in 2007 than they were in 2000.

The institute defines 2000-07 as a business cycle, which some would debate. Cycles run from boom to bust. The Economic Policy Institute is nonpartisan but tends to view trends from labor’s point of view.

POSTED: Friday, August 29, 2008, 12:25 PM
Filed Under: Executive Pay

When Ricoh Co. Ltd. agreed to buy Ikon Office Solutions Inc. for $1.6 billion earlier this week, one thing that was clear was that Ikon management was going to stay on to run the big office equipment distribution business based in Malvern.

They have a million reasons to do so.

Under executive retention agreements, CEO Matthew J. Espe and five other senior executives would receive some hefty payments if they stay a full two years following the sealing of the deal.

POSTED: Friday, August 29, 2008, 2:30 AM
Filed Under: Management, workplace

Most of us will have a four-day workweek with Labor Day closing many workplaces Monday.

But there has been a lot of discussion whether the high price of gasoline will prod more employers to make a four-day workweek the norm.

The human resources profession calls it the “condensed workweek,” in which an employee works four 10-hour days. Many municipal and state governments have adopted the four-day week. (New Jersey and Pennsylvania don’t plan to do it.)

POSTED: Thursday, August 28, 2008, 2:30 AM
Filed Under: Energy, Utilities

It’s exciting to watch as new industries catch fire.

Think of the dot-com sector. In the late ’90s, hundreds of companies formed as usage of the Internet spread and capital chased ideas.

The euphoria over the disruptive power of the Web prompted lots of predictions: Car dealerships were doomed. Malls would close. Who needs bank branches?

POSTED: Wednesday, August 27, 2008, 2:45 AM

Unisys Corp. is a clear loser coming out of the summerlong fight to put a sign on Two Liberty Place.

The Blue Bell company has put itself into a ridiculous jam: Will it really drop plans to move its corporate headquarters over a sign?

Unisys spokesman Jim Kerr wasn’t taking the bait dangled by reporters Tuesday. We don’t know if the information technology company will quietly go ahead and move 225 people and its headquarters into the city.

POSTED: Tuesday, August 26, 2008, 1:02 PM

In a sign that banking industry is still working through the credit crisis, the Federal Deposit Insurance Corp. added 27 banks to its list of "problem" institutions this afternoon, but don't look for a list of names.

The government agency that insures deposits only provides aggregate information on banks that are in a squeeze. For the quarter ended June 30, the FDIC said the number of banks on the problem list rose to 117 from 90. It was the seventh quarter that the list expanded since it reached a low of 47 as of the third quarter of 2006.

Even more troubling is that the ones added to the list appear to be large. The FDIC said assets of "problem" institutions rose from $26.3 billion to $78.3 billion.

POSTED: Tuesday, August 26, 2008, 11:58 AM
Filed Under: Financial Services

The largest mutual fund groups keep losing assets this year, according to Financial Research Corp., which has released data for July.

Assets of the 25 largest fund families were $7.67 trillion as of the end of July, compared with $8.41 trillion for the same month of 2007.

Vanguard Group, of Malvern, had assets of $1.04 trillion as of the end of July. That's flat from a year ago.

POSTED: Tuesday, August 26, 2008, 3:05 AM

Those who run area companies have been concerned about a shortage of mid-level professionals and managers.

CEO Council for Growth, which tackles issues related to the economic competitiveness of the Philadelphia region, on Tuesday will issue a set of recommendations to address that problem.

UPDATE: Read the report online here.

About this blog
Mike Armstrong blogs about Philadelphia corporations and business-related topics. Contact him at 215-854-2980. Reach Mike at marmstrong@phillynews.com.

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