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Archives: July 2009

Siemens Tries To Diversify Its Ranks

Posted by: Nanette Byrnes on July 31

Though it operates in 190 countries and 68% of its workforce is outside its home country of Germany, industrial giant Siemens has a top management dominated by white German-born men....

Best and Worst Mid-Year Performance Review Comments

Posted by: Jena McGregor on July 23

A few weeks ago, we put together a special report on mid-year performance reviews: Why they matter more in a recession, why performance reviews don't work, and advice from an...

Lilly CEO Bets on NYC for R&D

Posted by: Arlene Weintraub on July 22

On July 22, Eli Lilly CEO John Lechleiter announced that his company would be the anchor tenant at New York City's brand new biotech research center, called East River...

Are Fewer Competitors a Good Thing?

Posted by: Jena McGregor on July 21

Apparently, we perform better when there are fewer competitors. In the classroom, at least: Researchers from the University of Michigan and the University of Haifa in Israel (highlighted in The...

Merck Ponders A Blockbuster's Generic Future

Posted by: Arlene Weintraub on July 21

Check out BusinessWeek's Managing Forward blog for comments on Merck's quarterly earnings report....

Obesity Drug Maker Takes Slow Road

Posted by: Arlene Weintraub on July 20

On July 20, Orexigen Therapeutics was living the dream of small companies everywhere. It announced that its experimental drug Contrave was safe and that it helped obese people lose...

Fashion Flip Flop: Why Crocs are failing amid the recession

Posted by: Diane Brady on July 20

I realized this weekend that my 8-year-old son and my 6-year-old daughter have lost interest in their Crocs. Last year's purchases are still around, ready to wear thanks to fact...

GE Earnings Tumble 47% on Finance Troubles

Posted by: Jena McGregor on July 17

In a week when large banks wowed Wall Street with higher profits, diversified conglomerate General Electric, which has its own major finance business, also posted better-than-expected earnings results. The Fairfield,...

Rotman Dean on CEO Pay: Drop Stock Compensation

Posted by: Jena McGregor on July 13

Perhaps all the people currently trying to redesign executive compensation should consult just that: Design. Well-known design thinker and University of Toronto's Rotman School of Management dean Roger Martin wrote...

Pfizer CEO Braces For Changes

Posted by: Arlene Weintraub on July 10

Pfizer's CEO Jeff Kindler stopped by BusinessWeek for lunch yesterday. Before a firing line of reporters and editors, he tackled some tough questions on the company's pending mega-merger with...

Taking Customer Service Into His Own Hands

Posted by: Jena McGregor on July 08

I've written in the past about how customers are increasingly taking the job of resolving customer service into their own hands. In "Consumer Vigilantes", I chronicled Mona "The Hammer" Shaw,...

African Americans, Hispanics Lag on Retirement Savings

Posted by: Nanette Byrnes on July 07

Regardless of age or income African-Americans and Hispanic workers contribute less often, and less money, to a 401k than white and Asian-Americans, according to a just-published study. Among the surprising...

Twitter Advice from Comcast

Posted by: Jena McGregor on July 02

Today's New York Times has some good advice for professional users of the popular micro-blogging service Twitter. It features the 24-year-old Bonnie Smalley, a customer service representative for Comcast, one...


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