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Sun, Jul 17, 2005 - Page 12 News List

World Business Quick Take


■ Hiring and Firing
When CEOs get the boot

Congratulations! You have just been named chief executive. Here's a bit of advice: Don't unpack your bags. Not only is the imperial CEO a thing of the past, so, too, is the idea of the long-tenured chief executive, Strategy & Business says in its summer issue. Some 355 of the chiefs of the world's 2,500 largest companies -- that's 14 percent -- left office last year. Of that number, 111 of them "were forced from office for performance-related reasons or because of disagreements with their boards," according to the article's authors. "This is the highest level of forced resignations we have seen," they write. "It represents a 300 percent increase over 1995, the earliest year we benchmarked." The authors say that this turnover is "a natural response to today's difficult corporate environment -- continued pressure for investment returns, geopolitical uncertainties, expanded regulatory oversight and international talent wars - along with the perceived or real inability of many CEOs to deliver."

■ Promotions

Soup Nazi Inc

In one of the better-known Seinfeld episodes, New Yorkers groveled at the feet of the Soup Nazi, a man who, depending on his mood -- and your attitude -- might or might not serve you what was described as the world's best potage. The character was reportedly based on the soup purveyor Al Yeganeh. Chain Leader, a restaurant trade magazine, reports Yeganeh now has "teamed up with seasoned food industry executives to take his famous recipes beyond New York via The Original Soup Man concept." Yeganeh's image is on all the signs and he will serve as the company spokesman. "He will not permit any follow-up or personal questions from the media, with whom he only communicates via e-mail ... Yeganeh prohibits reporters and prospective franchises from using the `Soup Nazi' phrase that made him famous."

■ Office dating

Colleages with benefits

Apparently there is a lot more going on at the office than just meetings and memorandums. Some 58 percent of workers surveyed said they had had an office romance, according to an article in the current issue of Men's Health. And 19 percent of employees reported they had dated a boss or supervisor. That number would seem accurate since 19 percent of the people in the same survey said they had dated a subordinate. Nearly four out of 10 said their company had no official policy on office romances. Some 23 percent said they had had sex in the office.

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