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Loose change

Compiled from Times wires

© St. Petersburg Times, published May 6, 2001


IT'S A NICE PLACE TO LIVE, BUT...: Boeing Co. chairman Phil Condit says he considers Seattle home and intends to retire there. But he says the city really needs to work on its business climate, and Boeing is moving its headquarters "for the benefit of the corporation." Condit says Seattle should improve transportation, education and its permitting process.

LOYALTY LOST: Companies that cut their work forces can expect less commitment from workers who remain, a business analyst says. Those employees need an honest assessment of their value to the company and their role in helping it become healthy. That from Dave Stum, president of the Loyalty Institute in Ann Arbor, Mich.

CRISIS MANAGEMENT: Executives spend nearly half their time dealing with crises or problems, according to 250 advertising and marketing managers polled by the Creative Group staffing service. One suggested remedy: Encourage employees to make decisions and support those made prudently, regardless of outcome.

THOUGHTS ON TELECOMMUTING: Telecommuting gets mixed reviews among 150 executives polled for the staffing company OfficeTeam. While 36 percent say it doesn't affect productivity, 26 percent think it can. But the executives overwhelmingly agree that telecommuting works best at the staff level.

CAFFEINE AND COMPUTERS: Compaq Computer Corp. is hoping to brew up enthusiasm for its brand by forming a $100-million partnership with Starbucks Coffee Co. Compaq will provide high-speed wireless Internet access at Starbucks' 4,000 coffeehouses.

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