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This study measures the turnover rate of top managers (Chief Executive Officers or Presidents) in acquisition targets following the public announcements of takeovers in Canada. Turnover rates following the announcements of completed and unsuccessful takeover attempts did not differ from each other but were higher than the norm for CEOs from a control group of nontarget firms. The turnover rate was particularly high for widely-held firms and negatively correlated with the preannouncement performance of the targets. Overall, results suggest that a major objective of takeovers in Canada is to reduce management failings, inefficiency, and agency costs.
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We're now obviously going to be making changes as we go here," Brendan Taman said while driving between NFL exhibition games in California. "I was going to be here for over a week, but I'm coming back now for our game (Thursday against Hamilton). When I get pulled off the road, that's usually not a good sign. It's a pretty good indication things aren't rosy. "I'm tremendously disappointed," head coach Doug Berry said of [Alexis Serna]'s placekicking. "I said it after the game. I really feel like if we're making a commitment to having an American kicker that we've got to be better than what our percentage is right now (63.6)." "We're exploring many options and ideas about certain positions here and there," Taman said. "There aren't many positions now that aren't open to scrutiny or ana...
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Young Entrepreneur of the Year awardee Sylvain Seguin - Northern Ontario Business Awards
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Who knows? I could become the Don Ho of Los Angeles," he said. "God knows I've got enough Hawaiian shirts. "His contract is very lucrative," [Jamie Masada] quipped. "If he lives to be 100 years old, I'll owe him part of the club."
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LUCKY you! Yes, I can see you, feet up on the banister, coffee cup in hand, enjoying the lakeside view from your rented cottage. It's peaceful, it's beautiful and so good for the soul. After all, it has been a relaxing, rejuvenating and enjoyable vacation; a reprieve from the fast-paced work world. Let's face it: the world around us is tumultuous and is changing at record-breaking speed. And while we watch the distant global conflicts on television, we've come to learn that there's no such thing as "distance" when it comes to impact on our local economies. In addition, everyone is fully aware that product and business cycles have been dramatically shortened, competition is fierce and companies are feverishly applying downsizing, rightsizing and merging strategies in order to survive. No...
...Versatility creates job security, enhances self-esteem and personal confidence. Rep...
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Organizations are choosing to preserve the people with the most potential, with 55 per cent reporting that they were nurturing more talent in-house and 45 per cent focusing on essential development. " Turnover will decrease. In tough times, people seek job security. This makes it easier to keep top talent that may be otherwise lured away for bigger paycheques but less tenure. Use today to plan what your workforce will look like tomorrow. This is the time to do some forecasting and plan how your recruiting strategy will change to accommodate the next "up" economic cycle. It's coming. While organizations may seek out more cost-effective solutions for hiring talent during a downturn, they need to be able to think beyond surviving the short term. They need to be able thrive in the long te...
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We're hunkered down for a long one," he said. "From our standpoint, we made every good faith effort to negotiate a deal and they went on strike. At some point, conversations will take place. But not now. "It's an extremely volatile industry," Son said. "There's no job security. Residuals are an important part of our income. There's no cushion." "Our members have a choice whether they want to honour it or not," [Steve Dayan] said. "I'm sure there are people honouring and some that are crossing. It's their individual right."
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Now, based on what we've seen through the first third of the season it would be easy come to this conclusion: the Riders took Machiavelli's theory to heart and stiff-armed the status quo and the Bombers, instead, embraced it. After all, the Riders are showing no signs of the proverbial 'Grey Cup' hangover and despite a rash of injuries are playing with a passion and hunger that would have many believe they were the runners-up, not the champs. It's easy to win a Grey Cup and say, 'Why do we need to do anything differently?' But the reality is we have entered an era where making tough and unpopular decisions is, quite frankly, part of our job description. It requires courage, strength of conviction and an understanding that it's more important to be popular in November than it is to be w...
... here to have them worry about their job security. Maybe that has led to some complacency. And maybe...
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Of course, this was a gamble. Despite a Grey Cup appearance last year, [Brendan Taman] isn't and wasn't exactly bathed in job security. In fact, that infamous 0-4 start was blowing up in the face of the GM who'd been lauded for re-signing so many pending free agents during the off-season. I'm not into the 'sending-a-message' thing," Taman told Free Press football writer Ed Tait back in August. "I don't need to cut a guy and make him a sacrificial lamb to send a message to our team. I'm just not going to do that." Then there's the big guy in the corner office, who didn't bend to the mob mentality, which was to can [Doug Berry] after a brutal 1-6 start.
