Goldman Sachs Group laid off 5 percent of its trading desk staff on Tuesday as part of its annual review process, sources familiar with the matter said on Thursday. Get the full story »
Inside these posts: Human resources
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Aon 4Q profit up as Hewitt deal pays off
Aon Corp. forecast continued margin improvement and posted a quarterly profit that topped Wall Street estimates, as the world’s largest insurance broker began to reap the benefits of its 2009 acquisition of Hewitt Associates.
Aon said restructuring related to the Hewitt integration was expected to help drive margin expansion. Get the full story »
Minorities still lack a presence in executive ranks
Despite slight improvements, minorities continue to have limited access to managerial and executive positions in Chicago-area corporations, according to a report by Chicago United, an advocacy group.
“Unfortunately, despite the more than 30 years of affirmative action and corporate diversity initiatives, access to the C-suite is still elusive in Chicago and in corporations across the country,” according to the report.
The report, called the “2010 Corporate Diversity Profile,” was based on a survey of 19 public corporations. It found a slight increase in the number of minority executives, but no change in the representation minorities at the corporate director level, where about 9 percent of board members are black, 4 percent are Hispanic, 3 percent are Asian and 84 percent are white. Get the full story »
Lee Abrams resigns from Tribune Co.
Lee Abrams. (Handout)
Tribune Co. Chief Innovation Officer Lee Abrams, who began the work week by sending a companywide e-mail that contained content deemed inappropriate, resigned Friday.
The e-mail, the latest in a weekly series of free-form observations and exhortations Abrams sent to all Tribune Co. employees in hopes of inspiring them to reconsider print and broadcast conventions, included links to video newscast parodies. One, which contained profanity and nudity, he labeled “Sluts.” Get the full story »
Most Hewitt holders want Aon stock in buyout
From BusinessWeek | Most of the stockholders of Hewitt Associates Inc. have decided to receive shares of Aon Corp. as part of the $4.9 billion sale of the human resources specialist.
Aon, Hewitt deal wins EU regulatory approval
U.S. insurance brokerage Aon Corp. won European Union regulatory approval on Tuesday to purchase Hewitt Associates, creating the world’s largest human resources services company. Aon, the world’s largest insurance brokerage, launched the $4.9 billion bid for Hewitt in July. The transaction was referred to the European Commission, the EU’s competition authority, in August. Get the full story »
Hewitt’s $4.9B sale to Aon to close around Oct. 1
The $4.9 billion sale of human resources specialist Hewitt Associates Inc. to Aon Corp. is expected to be completed on or around Oct. 1, the two companies said Friday.
Shareholders OK Aon, Hewitt deal
The $4.9 billion sale of human resources specialist Hewitt Associates to Aon was approved by the shareholders of both companies Monday.
The buyout is still subject to regulatory approval. Get the full story »
Illinois employment could improve later this year
Employment in Illinois may accelerate in the last quarter of the year, according to one survey by a California-based staffing firm.
A report released Thursday by Robert Half International said a net 12 percent of Illinois executives expect to hire more employees in the fourth quarter, an increase of 11 percentage points over sentiment measured in the third quarter. The company’s survey showed 19 percent of executives planned to staff up, while 7 percent were expecting to cut staff. Subtracting the 7 percent from the 19 percent generated the net 12 percent figure.
The Illinois figure reflects rosier sentiment in the state than nationally. Robert Half’s broad survey indicated that a net 6 percent of executives plan to increase hiring in the fourth quarter, up three percentage points from the third quarter. Get the full story »
Hewitt Associates 3Q earnings up 14%
Hewitt Associates Inc.’s fiscal third-quarter earnings rose 14 percent on an income-tax gain, but adjusted results dropped amid lower margins. The human-resource services company’s performance has improved modestly of late, though charges have weighed on results. It cut costs as unemployment pressured revenue during the recession. Get the full story »
