When times get tough and heads start to roll, employees wrongly assume the newest hires will be the first to go, but more often it comes down to a simple matter of who the boss likes and who he or she doesn't like. Managers might disguise the choice as a business decision, but it's actually a personal decision, one expert says.
Peer mentors can be highly useful for entrepreneurs as sources of motivation and as trusted colleagues in whom to confide. Three relationships described in this article show how peer partnerships can come in many forms and offer extensive benefits.
Former Krispy Kreme Doughnuts executive Jeff Jervik has been named president and CEO of Fitness Together Franchise Holdings Inc., the parent of personal-training and massage-therapy franchise networks that operate in more than 500 locations in the U.S., Canada, Ireland, Israel and Costa Rica. Jervik's predecessor, company founder Rick Sikorski, will become board chairman.
The U.S. Commerce Department reported Thursday that the economy grew at a faster rate in the first quarter than predicted. The growth questions whether the country is in a recession or growing despite the housing slump and high energy prices.