Pilgrim Baxter cuts back expansion and lays off 50
Article Abstract:
Pilgrim Baxter, which manages about $11.5 billion in mutual funds and other investment accounts, has cut back its expansion plans and laid off fifty employees. The company blamed market conditions and growing competition. Marketing executive, Paul Hondros, is on "adminstrative leave" and will soon negotiate his futue with Pilgrim Baxter. These actions follow the cancellation of sales negotiations between parent company, United Asset Management, and Nationwide Financial Services.
Comment:
Marketing chief and other new workers idled by the mutual fund company, Pilgrim Baxter and Assoc.
Publication Name: Philadelphia Inquirer (PA)
Subject: Business, regional
ISSN: 0885-6613
Year: 1998
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They stress meaning rather than money
Article Abstract:
Experts revealed that a new breed of MBA student is influenced by the effects of globalization on everyday people as well as by corporate scandals and the dot-com bust. A survey of business students indicated that many view ethical issues as the greatest challenge for the corporate leaders.
Publication Name: Philadelphia Inquirer (PA)
Subject: Business, regional
ISSN: 0885-6613
Year: 2004
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