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March 8, 2013 | By Shan Li
U.S. corporate executives believe American workers lack crucial skills for success. More than half of executives belief their underlings are "average at best" in areas such as creativity, collaboration, critical thinking and communication, according to a survey from the American Management Assn. And the number of managers who rate their workers "below average" rose in all four categories: 9.8% believe their employees lack critical thinking skills (up from 6.2% in 2010), 19.7% in creativity (up from 15.6%)
December 30, 2009 | By Tiffany Hsu
During his more than three decades in real estate David Pogue played many roles, but environmental expert was never one of them. That didn't stop his company, Los Angeles real estate brokerage CB Richard Ellis, from naming him the company guru of all things eco-friendly nearly two years ago. Pogue suddenly found himself in charge of making the firm and its projects more energy efficient and environmentally conscious, an abrupt switch from his previous...
January 30, 2012 | By Jerry Hirsch
Japanese suppliers will pay criminal fines of more than $500 million after being caught in a massive auto parts price-fixing scheme, and four Japanese executives will serve U.S. jail terms as part of a plea deal, the Department of Justice said. Yazaki Corp. will pay a $470-million fine, the second-largest criminal fine obtained for a Sherman Act antitrust violation, the government said, while Denso Corp., agreed to pay a $78-million fine. Regulators said that for as long as 10 years, the companies colluded to divvy up contracts to supply Honda Motor Co. and Toyota Motor Corp.
December 12, 2009 | By Rich Connell
The head of Southern California's regional commuter rail service was replaced Friday in a management shake-up that officials hope will better position the agency to tackle major safety and financial challenges in the wake of last year's Chatsworth disaster. FOR THE RECORD: Metrolink collision: An article in Saturday's Section A about the demotion of Metrolink Chief Executive David R. Solow said last year's Chatsworth train accident, which killed 25 and injured 135, was the worst in modern California history.
April 23, 2009 | Jim Puzzanghera
Troubled mortgage financing giant Freddie Mac and its employees were dealt another blow Wednesday when one of the company's top executives was found dead in his Virginia home, an apparent suicide. The death of David Kellermann, 41, the acting chief financial officer, adds more turmoil at Freddie Mac.
February 27, 2003 | From Reuters
Two former executives at Kmart Corp. were charged Wednesday with a $42.3-million securities fraud allegedly executed to meet their division's financial targets. The indictments are the first from a federal probe of accounting practices at the retailer in the period leading up to its January 2002 bankruptcy filing. Legal experts said the indictments could be a tactic to get lower-level former Kmart managers to give evidence against senior executives.
March 5, 2008 | From Times Staff and Wire Reports
Toyota Motor Corp. said nine of its U.S. executives planned to retire by the end of the year, sparking speculation that the automaker might be looking to revamp its executive lineup in the midst of an increasingly tough U.S. sales environment. The retiring executives include Senior Vice President Dave Illingworth, who has been with the automaker nearly 30 years.
January 29, 2003 | From Bloomberg News
Gateway Inc., the third-largest U.S. personal computer maker, hired four executives as it tries to return to profitability after losses in eight of the last nine quarters. William Parker will take on the newly created positions of president and general manager of Gateway's retail stores, the company said. Parker was formerly senior vice president for operations at Banana Republic stores, a division of Gap Inc.
July 22, 2013 | By Shan Li
British drugmaker GlaxoSmithKline said Monday that some of its executives in China appeared to have broken laws as authorities there investigate allegations of widespread bribery by the company. Chinese police, who have detained four company employees in China so far, accused the drugmaker of bribing hospitals and doctors to prescribe their drugs and using a network of travel agencies to funnel the money. It's part of a string of international firms that have come under scrutiny in China over allegations of bribery and corruption in the pharmaceutical industry.
As major corporations pay more to relocate executives, they are finding executives less willing to move to Southern California, a new survey said. Seventy-three percent of the human resources directors surveyed at more than 100 Southern California corporations in Russell Reynolds Associates' annual executive recruiting study said it is "somewhat" or "very" difficult to relocate executives here. In 1989, 71% said it was somewhat or very difficult. John S.
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