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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Jun 02, 2002
Page
37
An HRnext.com poll of 2,350 HR professionals during the week of May 13 finds Friday as the top day to hand employees walking papers. Monday is second at 24 percent, with midweek days notably lower.
David Dotlich and Peter Cairo argue that corporate trust is crucial for workplaces and stakeholders. They warn against concealing problems like Enron and the Catholic Church and urge leaders to foster openness to handle dissent and prevent crises.
A Duke Fuqua/Financial Executives International survey of 260 CFOs finds optimism for solid growth by spring 2003. Ten percent expect solid earnings gains in the next nine months, and all but one foresee GDP growth around 2.3 percent.
General Motors joins Toyota and Honda among the top three in JD Power 2002 Initial Quality Survey, marking the first time a domestic maker cracks the top three. GM DaimlerChrysler and Ford surpass Nissan as overall quality improves 10 percent nationwide.
Genentech expands with a California plant and a South San Francisco facility to massively boost production of hamster cell based drugs. The units enable about 200,000 liters of engineered cells per month, supporting Herceptin and other therapies while Amgen leans on Genentech for manufacturing. Demand for protein drugs outpaces capacity, with 99 drugs in late trials signaling a looming shortage.
Gap Inc hunts for a new chief executive after Millard Drexler’s May 21 retirement as the retailer, facing two years of sales declines, seeks a leader with broad business experience beyond merchandising. The board plans a summer appointment, with Old Navy and Banana Republic improving but stock down sharply from its 2000 peak.
A shopper visits the Gap at Waterloo Premium Outlets in Junius Ponds New York as the national retailer reports two years of stock erosion and ongoing sales difficulties.
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