Archive for the Human Resources Category
Chevron to Downsize, Sell off Overseas Operations
Tuesday the Chevron Corporation said that will cut 2,000 jobs this year and begin selling off operations based overseas in an attempt to revamp it’s current business model. Chevron’s refining, marketing, and transportation are all in need of remodeling and reevaluation in order for the company to become a more profitable entity in the global [...]
Tis the Season for Job Creation?
Jobless rates have been very confusing of late. Some confusing data seems to be sending some befuddled signals. While certainly many countries will make some progress only to lose that ground as they struggle to recover, it’s worth considering the data to see if these mixed messages will prove to be good news or ill [...]
Retail Sales Hail a Stronger Economy
Another positive sign of strength from America’s economy, long thought to be flat-lining after a disastrous few years. Retail sales have been growing at an impressive rate in the early months of this year.
The surge in retail spending has led to increased orders made to factories as well as money being spent at retail outlets, [...]
Greece Derails Own Bailout by EU
Greece has not fared well in these harsh economic times, but until recently it seemed as though it was likely that the country’s European Union cohorts were planning on coming to the rescue in the form of this year’s political curse word: bailout.
But if the U.S. was in dire straits, then there needs to be [...]
Dems, GOP agree Unemployment is a Problem
Though I have had some harsh words for congressional inactivity of late, it seems the Senate has managed to cross the aisle and pass a new $15 billion dollar bill that hopes to encourage businesses to begin hiring on new personnel.
This vote passed easily, perhaps because both parties perhaps recognize that if they’re not able [...]
Thain hired to fill CEO position at CIT
Shamed banker John Thain and shamed lender CIT will be given a chance to shake their ill reputation together as the lending firm has hired Mr. Thain as their new chief executive.
Wall Street Journal reports that Thain is set to make a $500k base salary and and receive $5.5 million in restricted )stock (valued at today’s [...]
Novartis taps Joe Jimenez to become next CEO
A bit of surprising news comes from Swiss-based Novartis as it announced yesterday morning that current CEO Daniel Vasella will be replaced by Joe Jimenez.
Novarits noted in their press release that the swap, while it may be surprising to some, is actually something they had been working on for some time. The company has been [...]
