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651.645.7045 • FAX 651-645-4780 •
Saint Paul, MN
When the employees hurt, so does
the bottom line
MAKES THE DIFFERENCE
No one is immune from events in life that cause stress and grief. When an individual is hurting emotionally it affects not only their job performance, but that of their co-workers as well. In today’s global marketplace companies cannot compete when workers are distracted. In order to maintain productivity, it’s important that organizations be proactive and keep the lines of communication open when an employee is facing a difficult time. By doing so, not only can the negative impact of a distracted worker be minimized, but an opportunity can be created to enhance employee engagement, build corporate brand, and strengthen community goodwill.
The following news brief appeared in the September 9, 2007
issue of the St. Paul Pioneer Press.
Major events in a CEO's life can affect profitability
Should shareholders in a company care if the chief executive's child dies? What if the mother-in-law passes away?
Such things don't normally figure in investment decisions. But maybe they should, according to a recent study by three finance professors. Mining a trove of Danish government data on thousands of businesses, they were able to track links between death in a CEO's family and the companies' profitability over a decade.
It slid by about one-fifth, on average, in the two years after the death of a CEO's child and by about 15 percent after the death of a spouse. As for an executive's mother-in-law, the old jokes seem to hold: The researchers found that profitability, on average, rose slightly after her demise.
