Grayer Heads To the Rescue

July 2001
Financial Executive;Jul/Aug2001, Vol. 17 Issue 5, p12
Academic Journal
The article focuses on the large amount of older male executives that were hired to advise the Internet services provider PSINet Inc. on its efforts to restructure its organization. Managing the effort is Ian Sharp, 69, as the company's chairperson, replacing William L. Schrader, 49. Aiding Sharp will be a restructuring committee that will include Ralph Swett, 66, and William H. Baumer, 68. Harry Hobbs, the president, is also on the restructuring committee as well as the company's chief financial officer (CFO), Lawrence E. Hyatt.


Related Articles

  • Nothing but the bottom of the PSINet. Sewell, Chris // Telephony;03/26/2001, Vol. 240 Issue 13, p24 

    Focuses on the March 2001 announcement made by PSINet to restructure the company and sell its assets. Impact of the plan on the company's stock value; Details on the sale of its e-commerce unit; Factors that contributed to the company's financial difficulties.

  • Marketing's age concern. Clegg, Alicia // Marketing Week;3/4/2004, Vol. 27 Issue 10, p37 

    Discusses the reasons why marketers and image-conscious agencies in Great Britain continue to pursue younger employees. Advertisers' desire to be thought of as energetic, contemporary and innovative which are characteristics associated with the youth; Illegality of age discrimination in...

  • The Vise. Luker Jr., Bill // Texas Business Review;Apr2000, p1 

    Focuses on occupational restructuring and earnings inequality in high technology manufacturing. Restructuring among nonproduction workers; Production worker restructuring; Shape of high technology occupational change.

  • Are ad chiefs too old to grasp digital? Considine, Pippa // Campaign;11/13/2009, Issue 45, p11 

    The article reports on the statement of Sir Martin Sorrell, WPP chief executive concerning age as a factor why brands are not spending online in Great Britain. He states that people running agencies who tend to be of an older vintage tend to be resistant to change and want to spend the last...

  • Baker v National Air Traffic Services Ltd. Bell, Victoria; Fisher, Catherine // Employers Law;May2009, p9 

    The article discusses the court case Baker v. National Air Traffic Services Ltd. (NATS) that was heard by the Employment Appeal Tribunal in Great Britain. The case deals with the policy of NATS that prevents anyone aged 36 or over from becoming a trainee air traffic controller. However,...

  • Labor Month In Review.  // Monthly Labor Review;Dec83, Vol. 106 Issue 12, p2 

    Reports on the studies by the U.S. National Commission for Employment Policy on the employment problems of older male workers between 1966 and 1978. Age discrimination and labor market problems; Relationship between age and the wage loss associated with displacement and reemployment.

  • Great Retirement looms. Goth, Peter // eWeek;12/13/2004, Vol. 21 Issue 50, p37 

    The article informs that at many large it organizations in the public and private sectors, senior development and system staff members will be retiring in large numbers over the next three to five years. Unless we plan now, IT operations will be at risk. Shrinking IT budgets over the past...

  • Future skills warning. Clark, Lindsay // Computer Weekly;9/28/2004, p6 

    The article stresses on the report, which states that unless IT departments make an effort to hire staff from a broader age group, they could face skills shortages in the future. The research found that the effects of an aging population could have a serious impact on the IT skills available to...

  • Managing older employees. Beagrie, Scott // ICIS Chemical Business;9/11/2006, Vol. 1 Issue 34, p37 

    The article focuses on the subject of managers supervising older employees. Freda Line, employer relations manager at Employers Forum on Age, stated that managers must avoid making assumptions about older employees based on their age and learn to get the best performance from workers of any age...


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics