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Business, international

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Corporate carpentry: BHP

Article Abstract:

The giant Australian steel, energy, and mining firm BHP has undergone a successful restructuring since Robert Holmes a Court's failed takeover in 1987. New CEO John Prescott is largely responsible for the changes, which have nearly doubled the firm's return on equity in four years.

Publisher: Economist Newspaper Ltd.
Publication Name: The Economist (UK)
Subject: Business, international
ISSN: 0013-0613
Year: 1992
Management, Australia, Steel industry, BHP Billiton Ltd.

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The death of corporate loyalty

Article Abstract:

Large corporations that lay off managers and professionals to cut costs or streamline management risk losing the loyalty of employees that remain. With promises of job security and career ladders gone, employees will concentrate on improving their marketability.

Publisher: Economist Newspaper Ltd.
Publication Name: The Economist (UK)
Subject: Business, international
ISSN: 0013-0613
Year: 1993
Social aspects, Forecasts and trends, Employment, Executives, Downsizing (Management), Employee loyalty

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