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He has cut operating costs by eliminating management overlap and consolidating telephone reservation centers.
Cap Gemini is cutting jobs, shedding assets and eliminating management to reverse three years of losses.
While it tries to sort out its foreign stakes, Swissair has announced its own reorganization plan to save some $280 million, in part by eliminating management positions.
One reason private equity was successful in the United States was its ability to reorganize companies by taking majority ownership and eliminating management inefficiencies.
But eliminating management's stake brings those figures down to 64.4 percent in support among independent shareholders, 14.3 percent opposing and 21.3 percent absent.
Similar(51)
That relatively small size eliminated management layers that could make communication difficult and make some employees feel as if they did not have a stake in the project, Mr. Pardo said.
The idea is simple: If you get your asset allocation right and eliminate management fees, you can boost your returns and outperform nearly every actively traded fund over the long haul.
The retailer said on Thursday that it was eliminating some management positions, including president of its United States business.
The company announced that it would try to save money by eliminating 3,000 management positions, almost 20percentt of its managerial staff.
Last week, the post office said it planned to offer early retirement to 150,000 workers and was eliminating 1,400 management positions and closing 6 of its 80 district offices in cost-cutting efforts.
Mr. Suri said Nokia Siemens planned to revamp its operation, eliminating overlapping management and seeking cost savings by consolidating offices and other sites and by centralizing activities in global delivery centers.
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