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Top companies secure spot on leadership survey
For the second consecutive year Walmart appears on an annual ranking of the Best Companies for Leadership compiled by the consulting firm Hay Group. In the 2010 version of the survey, Walmart ranked ninth, compared with the prior year when it was ranked fifth. The survey was first conducted in 2005.
Companies that ranked ahead of Walmart included, General Electric, Procter & Gamble, Intel, Siemens, Banco Santander, Coca-Cola, McDonald’s and Accenture.
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Lowe's laying off about 1,700 managers, adding weekend staff
Morrisville, N.C. -- Lowe's Cos. announced Tuesday that it is laying off approximately 1,700 middle managers across the United States in an effort to cut costs as its profit trains rival The Home Depot. The retailer also plans to add 8,000 to 10,000 weekend sales assistants to improve staffing during its stores’ busiest times.